Stepan Co. (SCL) Misses Q3 EPS by 17c, Sales Beat

Stepan Co. (NYSE: SCL) reported Q3 EPS of $0.92, $0.17 worse than the analyst estimate of $1.09. Revenue for the quarter came in at $487.81 million versus the consensus estimate of $469.75 million.

Outlook

"Reported net income for the first nine months of 2017 is up 5% while adjusted net income is slightly below the record nine months of 2016. The fourth quarter of 2016 was negatively impacted by expenses that are not expected to recur. We believe our diversification efforts and enhanced internal efficiencies should positively impact the fourth quarter. Although increased competitive activity in North America will persist, we have begun to recover higher raw material costs within our polyol market segment and we continue to benefit from growing global market volumes for insulation materials. We remain optimistic that the Company will deliver full year adjusted earnings growth," said F. Quinn Stepan, Jr., Chairman, President and Chief Executive Officer.

For earnings history and earnings-related data on Stepan Co. (SCL) click here.

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