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 manufactures specialty and intermediate chemicals, with recurring updates centered on surfactants, polyurethane polyols and related chemical applications. Its surfactants are used in consumer and industrial cleaning and disinfection products, agricultural solutions and oilfield solutions, while its polyurethane polyols serve thermal insulation and CASE markets.
Stepan news commonly covers operating and financial results, quarterly cash dividends, material agreements, governance matters and capital-structure disclosures for its NYSE-listed common stock. Company updates also include footprint optimization and asset-sale activity across its manufacturing network in North and South America, Europe and Asia.
On July 26, 2022, Stepan Company (NYSE:SCL) declared a quarterly cash dividend of $0.335 per share, payable on September 15, 2022. Stockholders on record by August 31, 2022 will receive this dividend. This increase marks the 54th consecutive year of dividend growth, showcasing the company's commitment to returning value to its shareholders. Stepan specializes in manufacturing specialty chemicals for various industries and operates globally across North America, South America, Europe, and Asia.
Stepan Company (NYSE: SCL) will announce its second quarter 2022 earnings on July 27, 2022, around 7:00 am ET. A conference call hosted by President and CEO Scott R. Behrens and CFO Luis E. Rojo will follow at 10:00 am ET to discuss financial results. The company specializes in manufacturing specialty and intermediate chemicals across various industries, particularly in surfactants and polyurethane polyols. The earnings report will provide insights into operational performance, reflecting Stepan's market position and strategic initiatives.
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.