W.R. Grace Reports Upbeat Q1 Profit

W.R. Grace & Co GRA reported better-than-expected quarterly profit on Tuesday. Grace posted its Q1 net income at $54.2 million, or $0.72 per share, down from $56.3 million, or $0.76 per share, in the year-earlier period. Excluding one-time items, the company's profit came in at $0.78 per share, versus analysts' estimates of $0.55 per share. The company's sales volumes increased 6.5%, while pricing improved by 6.4%. The company's revenue increased 13.1% to $695.7 million. GRA shares gained 1.60% to close at $41.25 yesterday. Read more from Benzinga's Company news.