Stepan Co. (SCL) Tops Q2 EPS by 45c, Revenues Beat
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Stepan Reports Record Quarterly Results and First Half Earnings
July 22, 2020 6:55 AM EDTNORTHFIELD, Ill., July 22, 2020 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Second Quarter Highlights
Reported net income was a record $35.7 million, or $1.54 per diluted share, versus $30.2 million, or $1.30 per diluted share, in the prior year. Adjusted net income* was a record $38.3 million, or $1.65 per diluted share, versus $35.1 million, or $1.50 per diluted share, in the prior year. Total Company sales volume increased 4% versus the prior year. Surfactant operating income was a record $48.5 million versus $32.1 million in the prior year. This increase was primarily... More