Costs related to W. R. Grace & Co.’s corporate split dragged the Columbia-based catalyst maker to a first-quarter loss in earnings released Wednesday. Grace (NYSE: GRA) absorbed $40 million in after-tax costs related to the February spinoff of its construction chemicals and building materials lines into separate company, GCP Applied Technologies Inc. The costs helped drop Grace to a net loss of $2.7 million, or 4 cents per share, in the quarter ending March 31. Net sales also fell 8.6 percent during…
from http://www.bizjournals.com/baltimore/news/2016/04/27/split-costs-drive-w-rgrace-to-first-quarter-loss.html?ana=RSS%26s=article_search
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