Stepan Reports First Quarter Earnings
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Stepan Co. (SCL) Tops Q1 EPS by 4c, Revenues Miss
April 30, 2019 7:00 AM EDTStepan Co. (NYSE: SCL) reported Q1 EPS of $1.31, $0.04 better than the analyst estimate of $1.27. Revenue for the quarter came in at $489.17 million versus the consensus estimate of $510.57 million.
First Quarter Highlights
Reported net income was $25.0 million, or $1.07 per diluted share versus $32.0 million, or $1.37 per diluted share, in the prior year. Adjusted net income* was $30.6 million, or $1.31 per diluted share versus $33.6 million, or $1.44 per diluted share, in the prior year. Global sales volume grew 3% quarter-over-quarter. Each of the three segments delivered sales volume growth during the first quarter of 2019.Surfactant operating income was... More