Stepan Co. (SCL) Misses Q3 EPS by 17c, Sales Beat

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Go back to Stepan Co. (SCL) Misses Q3 EPS by 17c, Sales Beat

Stepan Reports Third Quarter Results

October 25, 2017 6:59 AM EDT

NORTHFIELD, Ill., Oct. 25, 2017 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

Third Quarter Highlights

Reported net income was $21.9 million, or $0.94 per diluted share versus $21.4 million, or $0.92 per diluted share, in the prior year.  Adjusted net income* was $21.4 million, or $0.92 per diluted share versus $25.4 million, or $1.10 per diluted share, in the prior year, primarily due to unfavorable Polymer results. Surfactant operating income was $22.5 million versus $20.7 million in the prior year.  The increase was primarily attributable to higher demand in the Functional Products and Household, Industrial and... More

Stepan Increases Quarterly Cash Dividend, Marking the 50th Consecutive Year of Increases

October 25, 2017 6:59 AM EDT

NORTHFIELD, Ill., Oct. 25, 2017 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

On October 24, 2017, the Board of Directors of Stepan Company approved an increase of $0.02 per share or 10% on its quarterly cash dividend on its common stock. The dividend is payable on December 15, 2017, to common stockholders of record on November 30, 2017. The increase marks the 50th consecutive year in which the quarterly dividend rate on the Company's common stock has increased.

Corporate ProfileStepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of... More