Stepan Co. (SCL) Declares $0.18 Quarterly Dividend; 1.3% Yield
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Stepan Reports Higher Second Quarter and First Half Results and Announces Dividend
July 22, 2015 7:00 AM EDTNORTHFIELD, Ill., July 22, 2015 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Second Quarter Highlights
Reported net income was $16.9 million or $0.74 per diluted share versus $24.4 million or $1.06 per diluted share in the prior year. Adjusted net income* was $20.9 million or $0.91 per diluted share versus $20.6 million or $0.90 per diluted share in the prior year. Surfactant and Polymer sales volumes increased 1% and 3%, respectively. Surfactant operating income was $24.2 million, up 26% versus prior year. Polymers operating income was $23.4 million, up 27% versus prior year.... More