Stepan Co. (SCL) Raises Quarterly Dividend 11.1% to $0.25; 1.2% Yield
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Stepan Co. (SCL) Tops Q3 EPS by 11c, Revenues Beat
October 24, 2018 7:11 AM EDTStepan Co. (NYSE: SCL) reported Q3 EPS of $1.11, $0.11 better than the analyst estimate of $1.00. Revenue for the quarter came in at $508 million versus the consensus estimate of $504.2 million.
Reported net income was $22.2 million, or $0.95 per diluted share versus $21.9 million, or $0.94 per diluted share, in the prior year. Adjusted net income* was $26.0 million, or $1.11 per diluted share, a 21% increase versus $21.4 million, or $0.92 per diluted share, in the prior year.Consolidated net sales were $508.0 million, an increase of 4% versus the prior year. This increase was primarily attributable to 6% global volume growth. The... More
