Stepan Co. (SCL) Misses Q4 EPS by 7c
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Stepan Reports Fourth Quarter Results and Record Full Year 2021 Earnings
February 17, 2022 6:55 AM ESTNORTHBROOK, Ill., Feb. 17, 2022 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Fourth Quarter Highlights
Reported net income was $17.0 million, or $0.73 per diluted share, versus $30.4 million, or $1.30 per diluted share, in the prior year. Adjusted net income* was $22.5 million, or $0.97 per diluted share versus $33.1 million, or $1.42 per diluted share, in the prior year. Total Company sales volume decreased 4% versus the prior year. Surfactant operating income was $32.4 million versus $43.3 million in the prior year. This decrease was primarily due to supply chain disruptions, lower sales volume and... More