Stepan Co. (SCL) Misses Q1 EPS by 26c

Stepan Co. (NYSE: SCL) reported Q1 EPS of $0.71, $0.26 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $651.44 million versus the consensus estimate of $640.07 million.

"Looking forward, we believe second quarter volumes will remain depressed as markets continue to reconcile forward demand with inventory levels throughout the channel. We expect second half year over year volume growth driven by modest recovery in demand for Rigid Polyols, growth in Surfactant volumes associated with new contracted business and a low comparable base," said Scott Behrens, President and Chief Executive Officer. "We will continue to actively control costs and execute our productivity programs. Our balance sheet remains healthy and we are committed to advancing our strategic and innovation initiatives that are instrumental to our long-term growth."

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

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