Stepan Co. (SCL) Tops Q3 EPS by 11c, Revenues Beat
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Stepan Reports Third Quarter Results and Record Nine Month Earnings
October 24, 2018 6:55 AM EDTNORTHFIELD, Ill., Oct. 24, 2018 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Third Quarter Highlights
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 Company's first quarter acquisition of BASF's production... More