Here is what Reuters had to report today: W.R. Grace & Co. (NYSE: GRA) is expected to post 2000 operating revenue growth of between four and five percent and operating earnings growth in the range of 10 to 12 percent, the company's Chief Executive Officer Paul J. Norris said on Tuesday. Norris, addressing an analysts' meeting here, said thecompany's productivity programs have helped to offset the negative impact of rising natural gas prices andpetroleum-based raw material costs as well as the U.S. dollar's strength against other currencies. "If the euro was valued as it was last year at this time,our operating revenue and earnings growth would have been between six and seven percent, and 13 to 14 percent, respectively," Norris said. Norris said the company maintained its 2001 target revenue growth of between five and seven percent, and a long-termearnings growth goal of between 12 and 15 percent, but warned of ongoing pressures stemming from a firm U.S. dollar, at least through the first half of 2001.
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