GCP Applied Technologies Reports Second Quarter 2020 Results
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UPDATE: GCP Applied Technologies (GCP) Tops Q2 EPS by 10c, Revenues Beat; Board Authorizes $100M Share Buyback
August 5, 2020 5:50 AM EDT(Updated - August 5, 2020 5:50 AM EDT)
GCP Applied Technologies (NYSE: GCP) reported Q2 EPS of $0.09, $0.10 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $200 million versus the consensus estimate of $181.7 million.
2Q20 Net sales $195.4 million down 25%Gross Margin 39.1%, an increase of 130 basis pointsSelling, general and administrative expenses $65.7 million, decreased 8%2Q20 Loss from continuing operations attributable to GCP shareholders of $1.3 million; Adjusted EBIT* of $13.3 millionNet cash provided by operating... More