Stepan Declares Quarterly Dividend
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NORTHFIELD, Ill., April 27, 2021 /PRNewswire/ Stepan Company (NYSE:SCL) today reported:
On April 26, 2021, the Board of Directors of Stepan Company declared a quarterly cash dividend on the Company s common stock of $0.305 per share. The dividend is payable on June 15, 2021, to common stockholders of record on May 28, 2021. The Company increased its quarterly cash dividend in the fourth quarter of 2020 by $0.03 per share, marking the 53rd consecutive year that the Company has increased its cash dividend to stockholders.
Corporate Profile
Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expan
Stepan Reports Record Fourth Quarter Results and Full Year 2020 Earnings
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Fourth Quarter Highlights
Reported net income was $30.4 million, or $1.30 per diluted share versus $22.0 million, or $0.95 per diluted share, in the prior year. Adjusted net income was $33.1 million, or $1.42 per diluted share versus $25.7 million, or $1.10 per diluted share, in the prior year. Total Company sales volume increased 7% versus the prior year.
Surfactant operating income was $43.3 million versus $33.9 million in the prior year. This increase was primarily attributable to an 8% increase in global sales volume as well as improved product and customer mix. The sales volume growth was principally due to higher demand for cleaning, disinfection and personal wash products as a result of COVID-19.
/PRNewswire/ Stepan Company (NYSE: SCL) today reported that it has closed on the acquisition of a fermentation plant located in Lake Providence, Louisiana..
Stepan to Announce Fourth Quarter and Full Year 2020 Results on February 18, 2021
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NORTHFIELD, Ill., Jan. 26, 2021 /PRNewswire/ Stepan Company (NYSE: SCL) will issue its fourth quarter and full year 2020 earnings results on Thursday, February 18, 2021 at approximately 7:00 am ET (6:00 am CT). Supporting slides will be posted at approximately the same time on the
Investor Relations/Presentations page at www.stepan.com. The Company will hold its conference call to discuss and answer questions about its financial and operational performance on the same day, at 10:00 am ET (9:00 am CT).
The call will be hosted by F. Quinn Stepan, Jr., Chairman and Chief Executive Officer, and Luis E. Rojo, Vice President and Chief Financial Officer. The call can be accessed by phone and webcast. Telephone access will be available by dialing 800-897-4933, and the webcast can be accessed through the