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W. R. Grace & Co. (NYSE:GRA) announced that CEO Hudson La Force and CFO Bill Dockman will present at the virtual Credit Suisse 2020 Basic Materials Conference on September 17, 2020, starting at 10:15 a.m. ET. The presentation will be accessible via a live audio webcast on Grace’s investor website. A replay will be available for 90 days. Grace is a global leader in specialty chemicals, operating in over 60 countries with around 4,000 employees, focusing on innovative products and technologies.
W. R. Grace & Co. (NYSE:GRA) reported that Hurricane Laura had no injuries to employees and did not significantly damage its refining catalysts facility in Lake Charles, LA. The company prioritized employee safety and ensured no operational impact on its Gulf Coast facilities. Recovery efforts are underway, and production will shift to other plants to maintain customer shipments. Grace aims to resume shipments from Lake Charles inventory soon. The company's strong operational capabilities minimize the storm's impact on its business continuity.
W. R. Grace & Co. (NYSE: GRA) has declared a quarterly cash dividend of $0.30 per common share. This dividend is set to be paid on September 10, 2020, to shareholders recorded by the close of business on August 20, 2020. Grace is recognized as a global leader in specialty chemicals, operating across over 60 countries with approximately 4,000 employees. The company focuses on providing innovative solutions through its two primary segments: Catalysts Technologies and Materials Technologies.
W. R. Grace & Co. (NYSE: GRA) reported Q2 2020 net sales of $418.7 million, down 18.5% year-over-year due to COVID-19. The diluted EPS fell to $(0.11), a decrease of $1.25 compared to last year. Despite a significant sales decline, the company achieved a 27.4% increase in year-to-date operating cash flow and raised its full-year cash flow benefit forecast from $100 million to $125 million. Adjusted EPS was $0.49, down 57.8%, while adjusted EBIT decreased by 49.6%. The company emphasized its commitment to long-term strategic growth amidst the pandemic.
W. R. Grace & Co. (NYSE: GRA) is set to announce its second quarter financial results on July 30, 2020, at 6:00 a.m. ET, followed by a conference call at 9:00 a.m. ET. Key executives, including CEO Hudson La Force and CFO Bill Dockman, will discuss the results and field questions from analysts. The live webcast can be accessed via the company's investor website, and a replay will be available for a week following the call. Grace is a leading specialty chemical company with operations in over 60 countries.
W. R. Grace & Co. (NYSE:GRA) has inaugurated a new 8,200 square-meter colloidal silica plant in Worms, Germany, nearly doubling the global production capacity of its leading product, LUDOX®. The facility enhances customer responsiveness across Europe, the Middle East, Africa, and Asia Pacific, amidst rising demand in the specialty silica sector. This expansion is expected to create approximately 25 new jobs at the site, which now employs around 950. Grace aims to leverage its advanced technologies and experienced workforce to innovate and support its customer base effectively.
W. R. Grace & Co., a leading global specialty chemical company, will participate in the 2020 BMO Chemicals & Packaging Conference on June 24, 2020. Notable representatives include Bill Dockman, CFO, and Jeremy Rohen, VP of Investor Relations. Investors can access the presentation on grace.com on the conference day. Grace operates in over 60 countries and employs approximately 4,000 people. This announcement also includes forward-looking statements about the company’s future operations, financial positions, and the impact of various risks.
W. R. Grace & Co. (NYSE:GRA) announced the upsizing and pricing of a $750 million offering of 4.875% senior unsecured notes due 2027. The offering increased from a previously announced $550 million. The notes will be guaranteed by Grace and certain subsidiaries, with proceeds primarily aimed at redeeming existing 5.125% notes due in 2021. A notice of conditional redemption for all existing notes has been delivered, with completion expected by July 12, 2020. The new notes are offered to qualified buyers under specific regulations.
W. R. Grace & Co. (NYSE:GRA) announced a proposal to issue $550 million in senior unsecured notes due in 2027. The issuance is intended to redeem a portion of existing senior unsecured notes due in 2021, with remaining funds earmarked for general corporate purposes. The offering is aimed at qualified institutional buyers and non-U.S. persons under Rule 144A and Regulation S. There are no assurances regarding the issuance terms or redemption of existing notes, which will not be registered under the Securities Act.
W. R. Grace & Co. (NYSE: GRA) has launched two new eco-friendly premium matting agents, SYLOID® AQ 800 and AQ 880 silica, specifically designed for water-based wood coatings. These products minimize water spots and stains while offering superior matting properties and chemical resistance. They allow for easy blending and improved performance over alternative agents, being easy to use and reducing production costs. The coating market is projected to grow over 6% annually through 2025, and Grace aims to support this transition with innovative solutions tailored to customer needs.
