Stepan Co. (SCL) Reports In-Line Q2 EPS and Revenues
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Stepan Reports Record Quarterly and First Half Earnings
July 25, 2018 6:59 AM EDTNORTHFIELD, Ill., July 25, 2018 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:
Second Quarter Highlights
Reported net income was a record $32.9 million, or $1.41 per diluted share versus $27.9 million, or $1.19 per diluted share, in the prior year. Adjusted net income* was a record $32.1 million, or $1.38 per diluted share versus $30.9 million, or $1.32 per diluted share, in the prior year. Consolidated net sales were $519.9 million, up 5% versus the prior year. This increase was primarily attributable to 5% global volume growth. The Company's first quarter acquisition of... More