Stepan Co. (SCL) Tops Q3 EPS by 40c
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Stepan Reports Record Third Quarter Results and Record Nine Month Earnings
October 19, 2022 6:55 AM EDTNORTHBROOK, Ill., Oct. 19, 2022 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:
Third Quarter Highlights
Reported net income was a record $39.4 million, or $1.71 per diluted share versus $36.9 million, or $1.59 per diluted share, in the prior year. Adjusted net income* was a record $46.3 million, or $2.01 per diluted share, versus $36.4 million, or $1.57 per diluted share, in the prior year. Total Company sales volume decreased 8% versus the prior year.Surfactant operating income was $39.0 million... More