WR Grace Announces Quarterly Earnings

FROM the Baltimore Business Journal...

Chemicals giant W.R. Grace & Co. grew its bottom line by 22 percent in the second quarter, but said its Grace Davison division will raise prices as inflation weighs on profit margins.

W.R. Grace (NYSE: GRA) reported second-quarter earnings of $25 million, or 34 cents per share. In the same period last year, Columbia-based Grace earned $20.5 million, or 29 cents per share. Sales rose by 11 percent to $900 million.

...Grace saw some unexpected bright spots. Sales in its construction products division -- which includes roofing and materials used in homes, and concrete and other products used in commercial construction -- jumped by 6 percent in the U.S. from a year ago, driven by growth in waterproofing and fire protection products.

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