Stepan Co. (SCL) Tops Q4 EPS by 3c
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Stepan Reports Fourth Quarter Results and Record Full Year 2022 Earnings
February 16, 2023 6:55 AM ESTNORTHBROOK, Ill., Feb. 16, 2023 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:
Fourth Quarter Highlights
Reported net income was $10.8 million, or $0.47 per diluted share, versus $17.0 million, or $0.73 per diluted share, in the prior year. Adjusted net income* was $13.5 million, or $0.59 per diluted share versus $22.5 million, or $0.97 per diluted share, in the prior year. Total Company sales volume decreased 17% versus the prior year.Surfactant operating income was $21.8 million versus $32.4 million in... More