Stepan Co. (SCL) Misses Q4 EPS by 17c
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Stepan Reports Fourth Quarter and Record Full Year 2016 Results
February 22, 2017 6:59 AM ESTNORTHFIELD, Ill., Feb. 22, 2017 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Fourth Quarter Highlights
Reported net income was $8.4 million, or $0.36 per diluted share versus $12.9 million, or $0.56 per diluted share, in the prior year. Adjusted net income was $12.3 million, or $0.52 per diluted share versus $17.0 million, or $0.74 per diluted share, in the prior year.* Total company sales volume increased 1% for the quarter as a result of higher polyol volumes, which benefited from increased demand from the insulation market in the United States and Europe. The fourth quarter 2016... More