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W. R. Grace & Co. grows earnings, declares dividend

Columbia-based specialty chemicals company W. R. Grace & Co. announced increased earnings in its second quarter and declared a quarterly cash dividend.

Grace’s adjusted earnings per share increased 14 percent from the prior year, to 84 cents per diluted share. Net sales for the quarter of $429.5 million grew 10 percent from the same quarter a year ago. Income from operations in the quarter was $43.9 million, or 64 cents per diluted share, also up from last year. Adjusted earnings before interest and tax increased 8 percent to 104 million.

Adjusted EBIT increased 8% to $104.0 million, and second quarter Adjusted EPS increased 14% to $0.84 per diluted share.

The dividend of 21 cents per share, is payable Sept. 7 to shareholders of record at the close of business on Aug. 17. It’s unchanged from the previous quarter, and an increase of 4 cents from the previous year.

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