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Stock impact report

Stepan Reports Fourth Quarter and Full Year 2023 Results

Stepan Company (SCL) 
Last stepan company earnings: 4/21 06:59 am Check Earnings Report
Company Research Source: PR Newswire
NORTHBROOK, Ill., Feb. 20, 2024 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:Fourth Quarter HighlightsThe Company incurred a reported net loss of $1.2 million, or negative $0.05 per diluted share, versus $10.8 million of reported net income, or $0.47 per diluted share, in the prior year.  Adjusted net income* was $7.5 million, or $0.33 per diluted share, versus $13.5 million, or $0.59 per diluted share, in the prior year.  Total Company sales volume increased 3% versus the prior year.Surfactant operating income was $14.8 million versus $21.8 million in the prior year.  This decrease was primarily due to lower unit margins that were partially offset by a 1% increase in global sales volume.  The lower unit margins primarily reflect less favorable product mix.  Strong double digit volume growth within the Personal Care end market and to our Distribution partners was largely offset by lower demand within the Agricultural end markets in the Americas due to continued customer a Show less Read more
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