Stepan Co. (SCL) Tops Q3 EPS by 17c
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Stepan Reports Record Third Quarter Results and Nine Month Earnings
October 21, 2020 6:55 AM EDTNORTHFIELD, Ill., Oct. 21, 2020 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Third Quarter Highlights
Reported net income was $33.2 million, or $1.43 per diluted share versus $25.9 million, or $1.11 per diluted share, in the prior year. Adjusted net income* was $36.4 million, or $1.56 per diluted share, up 30% versus $27.9 million, or $1.20 per diluted share, in the prior year. Total Company sales volume increased 5% versus the prior year. Surfactant operating income was $41.2 million versus $19.7 million in the prior year. This increase was primarily attributable to an 8% increase... More