Stepan Co. (SCL) Tops Q3 EPS by 37c, provides outlook

Stepan Co. (NYSE: SCL) reported Q3 EPS of $1.03, $0.37 better than the analyst estimate of $0.66. Revenue for the quarter came in at $546.84 million versus the consensus estimate of $579.53 million.

Outlook

"Team Stepan continues to be focused on executing our strategic growth projects. We are pleased that several of our Surfactant businesses continue to deliver strong volume growth. Agricultural volumes grew double-digits in the third quarter which aligns with our expectations for a second half 2024 recovery. We remain optimistic Rigid Polyol demand will increase as the market gets more macro-economic clarity and the interest rate environment improves," said Luis E. Rojo, President and Chief Executive Officer. "Free cash flow should continue to improve versus prior year driven by the completion of our Pasadena investment, growth in market volumes, and our continued focus on cost reduction. We believe we are positioned to deliver full year Adjusted EBITDA growth and positive free cash flow."

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

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