Grace reports 3Q 2016 results: Grace Catalysts Technologies

摘要

For WR Grace & Co's Catalysts Technologies segment, which includes catalysts and additives for refinery, plastics and other chemical process applications, as well as polypropylene process technology, sales were $295.8 M in 3Q 2016, an increase of 3.7% compared with 3Q 2015, primarily due to the polyolefin catalysts acquisition completed in 2Q 2016. Gross margin was 44.6% compared with 43.5% in 3Q 2015, an increase of 110 basis points. Gross margin increased due primarily to lower manufacturing costs partially offset by the mix effect of the polyolefin catalysts acquisition.