Welcome to our dedicated page for Stepan news (Ticker: SCL), a resource for investors and traders seeking the latest updates and insights on Stepan stock.
Stepan Company (SCL) provides specialty chemical solutions for consumer, industrial, and food applications through its global manufacturing network. This news hub offers investors and industry professionals direct access to verified corporate announcements and market developments.
Track official updates across all business segments including surfactants for cleaning products, polymer innovations for construction materials, and specialty ingredients for food processing. Our curated collection features earnings disclosures, operational expansions, sustainability initiatives, and leadership updates from this NYSE-listed chemical manufacturer.
Key resources include quarterly financial results, R&D breakthroughs in biodegradable formulations, and strategic partnerships across the supply chain. Bookmark this page for real-time access to SCL's regulatory filings, product launch details, and manufacturing capacity updates from facilities worldwide.
Stepan Company (NYSE: SCL) has reported record second quarter net income of $43.3 million ($1.85 per share), up from $35.7 million ($1.54 per share) year-over-year. Adjusted net income for the quarter was $42.2 million ($1.81 per share), marking a 10% increase. Overall sales volume rose by 5%, but surfactant operating income fell by 5% due to inflation and maintenance costs. Polymer sales soared 70%, fueled by a 44% surge in global sales volume. The company aims for growth despite challenges in the consumer market and ongoing raw material price increases.
Stepan Company (NYSE: SCL) is set to release its second quarter 2021 earnings on July 28, 2021, at 7:00 am ET. A conference call will follow at 10:00 am ET to discuss financial performance. Hosted by CEO F. Quinn Stepan, Jr. and other executives, the call will be accessible via phone and webcast. Stepan is a major manufacturer of specialty chemicals, with production facilities across the Americas, Europe, and Asia. The company's stock trades on the NYSE under the symbol SCL.
Stepan Company (NYSE: SCL) announced the issuance of $50 million in 2.30% Senior Notes, Series 2021-A, due June 10, 2028, and an agreement to issue $50 million in 2.37% Senior Notes, Series 2021-B, due September 23, 2028. The Series 2021-B Notes offering is set to close on September 23, 2021. Proceeds from these issuances will be used for general corporate purposes. Stepan is a leading manufacturer of specialty chemicals, surfactants, and polyurethane polyols, with a global presence in multiple industries.
Stepan Company has inaugurated its Agricultural Innovation Center in Barrow County, Georgia, near its manufacturing site. The facility, certified by LEED, features state-of-the-art laboratories, a greenhouse, and a training center to enhance research and collaboration in agriculture. Stepan aims to support the local agricultural industry and engage with nearby academic institutions. The center is expected to facilitate year-round testing and accelerate product development processes. This initiative aligns with Stepan’s commitment to sustainable agriculture and innovation.
On April 26, 2021, Stepan Company (NYSE:SCL) declared a quarterly cash dividend of $0.305 per share, payable on June 15, 2021, to stockholders of record by May 28, 2021. This announcement highlights the 53rd consecutive year of dividend increases, reflecting the company's commitment to returning value to shareholders. Stepan Company is known for its specialty and intermediate chemicals used across various industries, with a significant presence in surfactants and polyurethane polyols.
Stepan Company (NYSE: SCL) reported record net income of $40.6 million ($1.74 per diluted share) for Q1 2021, up 47% from $27.5 million ($1.18 per share) year-over-year. Adjusted net income rose 75% to $42.4 million ($1.82 per share). Total sales increased 20% to $537.7 million, driven by a 6% rise in sales volume and improved product mix. Surfactant operating income also surged 47% to $53.2 million. However, Specialty Products segment income fell 34% due to lower margins. The company ended Q1 with over $1 billion in equity and paid dividends totaling $6.9 million.
Stepan Company (NYSE: SCL) will announce its first quarter 2021 earnings on April 27, 2021, at 7:00 am ET. A conference call will follow at 8:00 am ET to discuss financial performance, hosted by key executives including Chairman Quinn Stepan, Jr. and CFO Luis Rojo. The call can be accessed via phone and webcast, with a replay available shortly after. Stepan is a leading manufacturer of specialty chemicals, particularly surfactants, and operates globally across multiple production facilities.
Stepan Company (NYSE:SCL) announced a quarterly cash dividend of $0.305 per share, payable on March 15, 2021, to stockholders of record as of March 5, 2021. This increase marks the 53rd consecutive year of raising dividends, emphasizing the company's commitment to returning value to shareholders. Stepan is a prominent manufacturer of specialty chemicals across various industries, including cleaning and agricultural sectors, and has production facilities in multiple regions worldwide.
Stepan Company (NYSE: SCL) reported a strong fourth quarter, with net income of $30.4 million, or $1.30 per diluted share, compared to $22.0 million, or $0.95 per diluted share, last year. Adjusted net income rose to $33.1 million, or $1.42 per share. Total sales grew by 11%, driven by a 7% increase in sales volume, primarily due to heightened demand for cleaning products during COVID-19. The acquisition of INVISTA's aromatic polyester polyol business boosts long-term growth prospects. Despite challenges, the company ended the year with negative net debt of $151.2 million.
Stepan Company (NYSE: SCL) has completed the acquisition of a fermentation plant in Lake Providence, Louisiana. This facility will support Stepan's new bio-surfactant platform technology, allowing for the production of up to 20,000 metric tons annually. Bio-surfactants are positioned as sustainable options for various markets, including agriculture and personal care. Previously, in March 2020, Stepan acquired NATSURFACT®, enhancing its sustainable product offerings. The financial details of the latest acquisition remain undisclosed, but it's expected to strengthen Stepan’s market position in eco-friendly chemical solutions.
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