Stepan Co. (SCL) Tops Q4 EPS by 22c
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Stepan Reports Fourth Quarter and Full Year 2019 Results
February 20, 2020 6:55 AM ESTNORTHFIELD, Ill., Feb. 20, 2020 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:
Fourth Quarter Highlights
Reported net income was $22.0 million, or $0.95 per diluted share versus $24.0 million, or $1.03 per diluted share, in the prior year. Adjusted net income* was $25.7 million, or $1.10 per diluted share versus $19.5 million, or $0.84 per diluted share, in the prior year. Surfactant operating income was $33.9 million versus $29.1 million in the prior year. This increase was attributable to insurance recovery related to the Company's first quarter 2019 equipment failure in Ecatepec, Mexico and... More