Stepan Co. (SCL) Tops Q1 EPS by 4c, Revenues Miss

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Go back to Stepan Co. (SCL) Tops Q1 EPS by 4c, Revenues Miss

Stepan Reports First Quarter Earnings

April 30, 2019 6:55 AM EDT

NORTHFIELD, Ill., April 30, 2019 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

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 $37.2 million versus $41.5 million in the prior year. This... More