Stepan Co. (SCL) Declares $0.19 Quarterly Dividend; 1.2% Yield
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Stepan Co. (SCL) Tops Q2 EPS by 14c; Will Acquire Commercial Business of Brazil's Tebras
July 20, 2016 7:01 AM EDTStepan Co. (NYSE: SCL) reported Q2 EPS of $1.31, $0.14 better than the analyst estimate of $1.17. Revenue for the quarter came in at $454.6 million versus the consensus estimate of $453.45 million.
Outlook
"After a record first half, we remain optimistic about our core business for the balance of the year. Our business should continue to benefit from higher laundry volumes within our Surfactant business and rigid polyol volumes within Polymers. We expect higher raw material costs to slightly reduce margins. Our internal efficiency program should... More
