Stepan (SCL) Tops Q1 EPS by 33c
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Stepan Reports First Quarter Earnings Growth of 63% to $21.3 Million
April 28, 2015 7:00 AM EDTNORTHFIELD, Ill., April 28, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:
First Quarter Highlights
Reported net income was $21.3 million or $0.93 per diluted share versus $13.0 million or $0.57 per diluted share in the prior year. Surfactant and Polymer volume increased 2% and 5%, respectively. Net sales declined 4% to $460.5 million versus $477.4 million in the prior year due to a 6% decline in foreign currency translation. Surfactants delivered record quarterly operating income of $33.8 million. Polymer operating income was $14.8 million including a $2.9 million gain on the sale of the Company's Specialty... More