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Earnings

July 17, 1986

W. R. Grace & Co. reported net income of $86.4 million, including a non-recurring gain of $83 million from the sale of Grace's interest in Herman's Sporting Goods and the disposal of the company's Home Centers West and Orchard Supply hardware units. A year earlier, the diversified New York firm reported earnings of $42.2 million. The firm's natural resource unit reported a $6-million loss in the second quarter. Continued lower oil and gas prices adversely affected petroleum operations and energy services, which reported a loss as Grace's onshore rig utilization rate dropped to 20% from 46% in 1985's second quarter.

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