Stepan Co. (SCL) Misses Q1 EPS by 10c

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Go back to Stepan Co. (SCL) Misses Q1 EPS by 10c

Stepan Reports First Quarter Earnings

April 24, 2018 6:59 AM EDT

NORTHFIELD, Ill., April 24, 2018 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

First Quarter Highlights

Reported net income was $30.7 million, or $1.31 per diluted share versus prior year record net income of $31.9 million, or $1.37 per diluted share.  Adjusted net income* was $32.0 million, or $1.37 per diluted share versus $31.7 million, or $1.36 per diluted share, in the prior year.                                         Consolidated net sales were $499.3 million, up 7% versus the prior year. This increase was attributable to 3% local currency growth and a 4% translation benefit.                                       Surfactant operating income was a record $40.3 million versus $38.4 million in the prior year.  This increase was primarily... More