Stepan Co. (SCL) Tops Q1 EPS by 39c, Revenues Beat

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Go back to Stepan Co. (SCL) Tops Q1 EPS by 39c, Revenues Beat

Stepan Reports Record Quarterly Earnings

April 27, 2021 6:55 AM EDT

NORTHFIELD, Ill., April 27, 2021 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

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 the prior year. This increase was primarily driven by... More