Stepan Reports Record Quarterly Earnings
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Stepan Co. (SCL) Tops Q1 EPS by 39c, Revenues Beat
April 27, 2021 6:58 AM EDTStepan Co. (NYSE: SCL) reported Q1 EPS of $1.82, $0.39 better than the analyst estimate of $1.43. Revenue for the quarter came in at $537.74 million versus the consensus estimate of $508.07 million.
First Quarter Highlights
Reported net income was a record $40.6 million, or $1.74 per diluted share versus $27.5 million, or $1.18 per diluted share, in the prior year. Adjusted net income* was a record $42.4 million, or $1.82 per diluted share versus $24.2 million, or $1.04 per diluted share, in the prior year. Total Company sales volume increased 6% versus the prior year.Surfactant operating income was $53.2 million versus $36.2 million in... More