Stepan Co. (SCL) Tops Q2 EPS by 40c

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Stepan Reports Record Second Quarter Results and Record First Half Earnings

July 27, 2022 6:55 AM EDT

NORTHBROOK, Ill., July 27, 2022 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

Second Quarter Highlights

Reported net income was a record $52.1 million, or $2.26 per diluted share, versus $43.3 million, or $1.85 per diluted share, in the prior year. Adjusted net income* was a record $53.0 million, or $2.30 per diluted share, versus $42.2 million, or $1.81 per diluted share, in the prior year. Total Company sales volume declined 1% versus the prior year.Surfactant operating income was $48.2 million... More