Stepan Stock Price, News & Analysis

Stepan Company (NYSE: SCL) announced a new five-year credit agreement totaling $450 million, comprising a $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan. These facilities, arranged by JPMorgan Chase Bank and BofA Securities, will mature on June 24, 2027, and are aimed at supporting working capital, acquisitions, and capital expenditures. This agreement replaces the previous credit facility set to expire in January 2023. CEO Scott R. Behrens highlighted the deal as a strategic step for growth and acquisitions.

Stepan Company (NYSE: SCL) announced its participation in the KeyBanc Capital Markets Industrials & Basic Materials Conference on June 2, 2022, and the Stifel 2022 Cross Sector Insight Conference on June 9, 2022, both in Boston. Luis E. Rojo, Chief Financial Officer, will represent the company at these events, which will feature individual meetings and a fireside chat format. Headquartered in Northbrook, Illinois, Stepan is a major manufacturer of specialty chemicals, including surfactants and polyurethane polyols, serving various industries worldwide.

On April 25, 2022, Stepan Company (NYSE:SCL) announced a quarterly cash dividend of $0.335 per share, payable on June 15, 2022, to shareholders of record by May 31, 2022. This marks the 54th consecutive year of dividend increases following a prior increase of $0.030 in Q4 2021. Stepan is a leading manufacturer of specialty chemicals, primarily serving consumer cleaning, agricultural, and insulation industries across North and South America, Europe, and Asia.

Stepan Company (NYSE: SCL) reported a record net income of $44.8 million, or $1.93 per diluted share, in Q1 2022, marking a 10% year-over-year increase. Adjusted net income decreased by 4% to $40.7 million, or $1.76 per diluted share. Total sales grew 26% to $675.3 million, driven primarily by higher selling prices amid global supply chain challenges, despite flat sales volume. Surfactants operating income rose 1%, while polymers saw a 21% drop due to a power outage disrupting production. The company lifted its force majeure on select products on April 15.

Stepan Company (NYSE: SCL) reported a record net income of $44.8 million, or $1.93 per diluted share for the first quarter of 2022, compared to $40.6 million, or $1.74 per diluted share last year. Total sales increased 26% to $675.3 million, driven mainly by higher selling prices. However, adjusted net income saw a decline of 4% to $40.7 million. Operating income from surfactants reached $53.8 million, slightly up, while polymer income fell 21% due to a power outage. Looking ahead, challenges persist with global supply chain disruptions.

On April 25, 2022, Stepan Company (NYSE:SCL) declared a quarterly cash dividend of $0.335 per share, payable on June 15, 2022, to stockholders on record by May 31, 2022. This increase marks the 54th consecutive year of dividend raises, demonstrating the company's financial strength and commitment to returning value to shareholders. Stepan Company is a leading manufacturer of specialty chemicals across multiple industries.

Stepan Company (NYSE: SCL) will release its first-quarter 2022 earnings results on April 26, 2022, at 7:00 am ET. A conference call for discussing financial performance will follow at 8:00 am ET. Scott Behrens, the new President and CEO, and CFO Luis E. Rojo will be leading the call. Stepan is a key player in specialty chemicals, producing surfactants and polyurethane polyols. The company operates globally with a strong focus on sustainability. More details will be available on their Investors page.

Stepan Company (NYSE: SCL) reported a 44% decline in fourth quarter net income to $17.0 million ($0.73 per diluted share) compared to $30.4 million ($1.30 per diluted share) last year. Adjusted net income was $22.5 million ($0.97 per diluted share), down 32%. Despite a 23% year-over-year increase in sales to $610.0 million, total sales volume decreased 4%. The 2021 full year net income reached a record $137.8 million ($5.92 per diluted share), with total sales volume up 2%.

Supply chain disruptions affected all segments, contributing to declines in operating income.

Stepan Company (NYSE: SCL) declared a quarterly cash dividend of $0.335 per share on February 16, 2022. This dividend will be payable on March 15, 2022, to stockholders of record on March 4, 2022. This increase marks the 54th consecutive year of dividend growth, a sign of the company's commitment to returning value to shareholders. Stepan is recognized for its specialty chemicals used in various industries and has a significant global production network.