Stepan Co. (SCL) Tops Q4 EPS by 3c
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Stepan Reports Higher Fourth Quarter and Full Year 2015 Results
February 24, 2016 6:50 AM ESTNORTHFIELD, Ill., Feb. 24, 2016 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Fourth Quarter Highlights
Reported net income was $12.9 million or $0.56 per diluted share. Adjusted net income* was $17.0 million or $0.74 per diluted share, a 93% increase versus $8.8 million or $0.38 per diluted share in the prior year. Surfactant operating income was $24.3 million, a 101% increase versus prior year. Polymer operating income was $18.1 million, a 38% increase versus prior year. Specialty Product operating income was $0.9 million. Total sales volume increased 10% for the quarter. Surfactant and Polymer sales volumes increased 10% and... More