Stepan Stock Price, News & Analysis

Stepan Company (NYSE: SCL) announced that Edward J. Wehmer will retire from its Board of Directors at the annual meeting of stockholders on April 29, 2025. Wehmer, who joined the Board in 2003, has served as Lead Independent Director since 2016 and was Chair of the Audit Committee from 2007 to 2023.

Following Wehmer's retirement, the Board size will decrease from eight to seven directors, with Randall S. Dearth succeeding as Lead Independent Director. F. Quinn Stepan, Jr., Chairman of the Board, acknowledged Wehmer's 22 years of service, highlighting his financial expertise, leadership, and commitment to the company's growth and shareholder value.

Stepan Company is a major manufacturer of specialty and intermediate chemicals, primarily producing surfactants for cleaning and agricultural products, and polyurethane polyols for thermal insulation and CASE industries. The company operates production facilities across North and South America, Europe, and Asia.

Stepan Company (NYSE: SCL) has declared a quarterly cash dividend of $0.385 per share, payable on March 14, 2025, to stockholders of record on March 3, 2025. The company increased its dividend by $0.010 per share in Q4 2024, marking its 57th consecutive year of dividend increases.

Stepan is a major manufacturer of specialty and intermediate chemicals, primarily focusing on surfactants for cleaning and agricultural products, and polyurethane polyols for thermal insulation and CASE industries. The company operates production facilities across North and South America, Europe, and Asia.

Stepan Company (NYSE: SCL) reported Q4 2024 results with net income of $3.4 million, compared to a $1.2 million loss in the prior year. Adjusted net income was $2.8 million, down 63% year-over-year, primarily due to higher pre-commissioning expenses at the new Pasadena facility and a one-time tax reserve.

Key Q4 highlights include: EBITDA of $35.8 million (up 39% YoY), global sales volume down 1%, and cash from operations of $68.3 million. For full-year 2024, reported net income was $50.4 million (up 25% YoY), with global sales volume up 1% and free cash flow of $39.3 million.

The company's new Pasadena, Texas alkoxylation facility is expected to start up in Q1 2025. Management expects Adjusted EBITDA improvement across all segments in 2025, driven by volume growth, improved product mix, and cost reduction initiatives.

Stepan Company (NYSE: SCL) has announced it will release its fourth quarter and full year 2024 earnings results on Wednesday, February 19, 2025 at approximately 7:00 a.m. ET. Supporting slides will be posted simultaneously on the company's website.

A conference call to discuss financial and operational performance will be held the same day at 9:00 a.m. ET, hosted by Luis E. Rojo, President and CEO, and Samuel S. Hinrichsen, Vice President and Interim CFO.

Stepan Company is a major manufacturer of specialty and intermediate chemicals, specializing in surfactants for cleaning and disinfection products, agricultural solutions, and polyurethane polyols for thermal insulation and CASE industries. The company operates production facilities across North and South America, Europe, and Asia.

Stepan Company (NYSE: SCL) reported Q3 2024 results with net income of $23.6M, up 88% versus prior year. Adjusted net income was $23.7M, up 61%, driven by higher margins and lower tax rates. EBITDA reached $53.0M and Adjusted EBITDA was $53.1M, up 18% and 11% respectively. Global sales volume declined 1% year-over-year, with Surfactants showing growth while Polymers experienced weakness. The company achieved $13.3M in pre-tax cost savings and remains on track for its $50M cost reduction goal in 2024.

Stepan Company (NYSE: SCL) has announced a $0.01 per share increase (2.7%) in its quarterly cash dividend, raising it to $0.385 per share. The dividend will be paid on December 13, 2024, to stockholders of record as of November 29, 2024. This marks the company's 57th consecutive year of dividend increases. Stepan is a major manufacturer of specialty and intermediate chemicals, focusing on surfactants for cleaning products, agricultural solutions, and polyurethane polyols for thermal insulation and CASE industries.

Stepan Company (NYSE: SCL) has appointed Luis E. Rojo as President and Chief Executive Officer and Board member, effective immediately. Rojo, who previously served as Vice President and CFO since April 2018, replaces Scott R. Behrens after his 31-year career with the company. Samuel S. Hinrichsen, currently Global Director of Finance, will serve as Vice President and Interim CFO while the company conducts a search for a permanent replacement.

Rojo brings 21 years of experience from Procter & Gamble Co. with expertise in finance, strategic planning, and operational management. The company emphasizes this appointment reflects its commitment to driving long-term strategic value for shareholders through profitable growth and operational excellence.

Stepan Company (NYSE: SCL) has announced that it will release its third quarter 2024 earnings results on Wednesday, October 30, 2024 at approximately 7:00 a.m. ET. The company will also host a conference call at 9:00 a.m. ET on the same day to discuss and answer questions about its financial and operational performance. The call will be led by Scott R. Behrens, President and CEO, and Luis E. Rojo, VP and CFO.

Participants can access the call via phone by registering through a provided link or through a webcast on the company's website. Stepan Company is a major manufacturer of specialty and intermediate chemicals, focusing on surfactants, polyurethane polyols, and solutions for various industries including cleaning, agriculture, thermal insulation, and CASE (Coatings, Adhesives, Sealants, and Elastomers).

Stepan Company (NYSE: SCL) has declared a quarterly cash dividend of $0.375 per share on its common stock, payable on September 13, 2024, to stockholders of record as of August 30, 2024. This declaration marks the 56th consecutive year of dividend increases for the company, following a $0.010 per share increase in the fourth quarter of 2023.

Stepan is a major manufacturer of specialty and intermediate chemicals, focusing on surfactants for cleaning and agricultural products, polyurethane polyols for thermal insulation, and materials for the CASE industries. The company operates production facilities across North and South America, Europe, and Asia.