W.R. Grace (NYSE:GRA) management sees improvements in some end markets.
GRA expect 3Q20 sales to be down 10%-13% y/y, about $409.3-$423.5M (consensus: $417.64M), sees gross margin in range of 37%-38%, an increase of 300-400 bps sequentially.
Initial 4Q20 expectations: strong sequential sales growth of 10%-13%, led by solid recovery in refining catalysts and improved demand in Specialty Catalysts and Materials Technologies; Continued sequential gross margin improvement of ~100 bps and strong cash flow performance.
