STOCK TITAN

Stepan Company - $SCL STOCK NEWS

Welcome to our dedicated page for Stepan Company news (Ticker: $SCL), a resource for investors and traders seeking the latest updates and insights on Stepan Company stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Stepan Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Stepan Company's position in the market.

News
Rhea-AI Summary
Stepan Company (NYSE:SCL) Increases Quarterly Cash Dividend to $0.365 Per Share, Marking 55th Consecutive Year of Dividend Increases. Stepan is a major manufacturer of specialty and intermediate chemicals, including surfactants and polyurethane polyols, used in various industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.24%
Tags
dividends
-
News
Rhea-AI Summary
Stepan Company reported a decline in net income for the second quarter of 2023. Reported net income was $12.7 million, compared to $52.1 million in the prior year. Adjusted net income was $12.1 million, compared to $53.0 million in the prior year. The decline in net income was primarily due to a 19% reduction in sales volume. Surfactant operating income was $15.1 million, Polymer operating income was $16.3 million, and Specialty Product operating income was $3.8 million. EBITDA was $46.7 million, a 51% decrease from the prior year. The Company's effective tax rate was 20.4% in the first half of 2023, compared to 24.8% in the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.24%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.88%
Tags
-
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.88%
Tags
dividends
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
none
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.97%
Tags
dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.97%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
Tags
Stepan Company

NYSE:SCL

SCL Rankings

SCL Stock Data

1.98B
21.06M
3.86%
84.9%
1.39%
Other Basic Inorganic Chemical Manufacturing
Manufacturing
Link
United States of America
NORTHFIELD

About SCL

our vision: innovative chemical solutions for a cleaner, healthier, more energy efficient world. established in 1932, stepan company is a publicly traded, major international manufacturer of specialty and intermediate chemical products. as we continue to grow, we remain committed to developing practices and products that reflect our core values of responsibility, integrity and innovation in the chemical industry. our employees are our greatest resource, and we understand that the best results are achieved when diverse teams of talented people are empowered to create and champion solutions. innovation, teamwork and quality are the core tenets of our culture, and we provide ongoing development and advancement opportunities for all employees — in our corporate offices and our manufacturing locations. headquartered in the greater chicago area (northfield, illinois), stepan utilizes a network of modern production facilities located in north and south america, europe and asia.