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Stepan Reports Record Quarterly Earnings


Stepan Reports Record Quarterly Earnings
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First Quarter Highlights
Reported net income was a record $40.6 million, or $1.74 per diluted share versus $27.5 million, or $1.18 per diluted share, in the prior year. Adjusted net income was a record $42.4 million, or $1.82 per diluted share versus $24.2 million, or $1.04 per diluted share, in the prior year. Total Company sales volume increased 6% versus the prior year.
Surfactant operating income was $53.2 million versus $36.2 million in the prior year. This increase was primarily driven by improved product and customer mix and higher global demand in the agricultural and oil field end markets, partially offset by lower North American sales volume into the consumer product end markets due to supplier force majeures following the severe weather in Texas. The Company also experienced lower supply chain expenses in the current year quarter due to the non-recurrence of the Q1 2020 Mi ....

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Stepan Declares Quarterly Dividend


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 poly ....

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Stepan Co (SCL) Q1 2021 Earnings Call Transcript


Stepan Co (SCL) Q1 2021 Earnings Call Transcript
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© The Motley Fool
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Stepan Co (NYSE: SCL)
Operator
Greetings and welcome to the Stepan Company Q1 2021 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Luis Rojo Vice President and Chief Financial Officer. Please go ahead.SPONSORED:
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Psychiatrist in case of young man found dead following sister's death says 'I did everything I could'


Psychiatrist in case of young man found dead following sister s death says I did everything I could
Stephen Thurm was found dead at Dunham Forest Golf and Country Club, Altrincham
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A psychiatrist told an inquest he tried everything he could to help a young man battling mental health problems after his sister was killed by a dangerous driver. ....

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