Stepan Co. (SCL) Tops Q1 EPS by 31c
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Stepan Reports Record First Quarter Earnings
April 26, 2016 6:50 AM EDTNORTHFIELD, Ill., April 26, 2016 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:
First Quarter Highlights
Reported net income was $27.7 million or $1.21 per diluted share, a 30% increase versus $21.3 million or $0.93 per diluted share in the prior year. Adjusted net income* was a record $29.5 million or $1.29 per diluted share, a 44% increase versus $20.4 million or $0.90 per diluted share in the prior year. Total sales volume increased 12% for the quarter. Surfactant operating income was $37.2 million, up 10% versus prior year benefiting from our internal efficiency program, lower raw material... More