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Stock impact report

Stepan Reports First Quarter Earnings

Stepan Company (SCL) 
Last stepan company earnings: 4/21 06:59 am Check Earnings Report
Company Research Source: PR Newswire
NORTHFIELD, Ill., April 21, 2020 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:First Quarter HighlightsReported net income was $27.5 million, or $1.18 per diluted share versus $25.0 million, or $1.07 per diluted share, in the prior year.  Adjusted net income* was $24.2 million, or $1.04 per diluted share versus $30.6 million, or $1.31 per diluted share, in the prior year.  Reported and adjusted net income were negatively impacted by the previously disclosed Millsdale Plant power outage.  All production lines were fully operational prior to the end of the first quarter.  The Company's insurance provider has acknowledged this incident is a covered event and the Company is pursuing insurance recovery for incremental supply chain expenses and business interruption.  Excluding this one-time event, our adjusted net income was higher than previous year. Surfactant operating income was $36.2 million versus $37.2 million in the prior year. These results were attributable to strong Show less Read more
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