Stepan Co. (SCL) Misses Q1 EPS by 10c
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Stepan Reports First Quarter Earnings
April 24, 2018 6:59 AM EDTNORTHFIELD, Ill., April 24, 2018 /PRNewswire/ --Â 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