Stepan Co. (SCL) Tops Q2 EPS by 2c
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Stepan Reports Record Second Quarter Results and Record First Half Earnings
July 28, 2021 6:55 AM EDTNORTHFIELD, Ill., July 28, 2021 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Second Quarter Highlights
Reported net income was a record $43.3 million, or $1.85 per diluted share, versus $35.7 million, or $1.54 per diluted share, in the prior year. Adjusted net income* was a second quarter record $42.2 million, or $1.81 per diluted share, versus $38.3 million, or $1.65 per diluted share, in the prior year. Total Company sales volume increased 5% versus the prior year.Surfactant operating income was $45.9 million versus $48.5 million in the prior year. This decrease was largely attributable to higher... More