Stepan Reports First Quarter Earnings
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Stepan Co. (SCL) Tops Q1 EPS by 26c, Revenues Beat
April 21, 2020 7:03 AM EDTStepan Co. (NYSE: SCL) reported Q1 EPS of $1.04, $0.26 better than the analyst estimate of $0.78. Revenue for the quarter came in at $449.99 million versus the consensus estimate of $448.7 million.
First Quarter Highlights
Reported net income was $27.5 million, or $1.18 per diluted share versus $25.0 million, or $1.07 per diluted share, in the prior year. Adjusted net income* was $24.2 million, or $1.04 per diluted share versus $30.6 million, or $1.31 per diluted share, in the prior year. Reported and adjusted net income were negatively impacted by the previously disclosed Millsdale Plant power outage. All production lines were fully... More