Stepan Co. (SCL) Misses Q1 EPS by 10c

Stepan Co. (NYSE: SCL) reported Q1 EPS of $1.37, $0.10 worse than the analyst estimate of $1.47. Revenue for the quarter came in at $499.3 million versus the consensus estimate of $505 million.

Outlook

"Looking forward, we believe our Surfactant business will continue to build upon its strong start and benefit from our diversification efforts into functional products, new technologies, improved internal efficiencies and expanded sales into our broad customer base globally," said F. Quinn Stepan, Jr., Chairman, President and Chief Executive Officer. "However, headwinds in our North America Polymer business will continue to challenge us in 2018. Improved European weather should restore demand for insulation and contribute to better Polymer results. Overall, we remain optimistic about the balance of the year."

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

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