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) 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.
Stepan Company (NYSE: SCL) has acquired INVISTA's aromatic polyester polyol business for approximately $100 million, strengthening its manufacturing capabilities in the U.S. and Europe. The deal includes two manufacturing sites in Wilmington, NC, and Vlissingen, Netherlands, along with customer relationships and inventory. This acquisition aims to enhance Stepan's EBITDA margins and supports the growth of its rigid polyol business, which is expected to benefit from rising energy conservation efforts and stricter building codes. Management will provide further insights during the Q4 2020 results call on February 18, 2021.
Stepan Company (NYSE: SCL) announced the appointment of Lorinda Burgess as a new board director, effective January 27, 2021. Burgess, with over 20 years at Medtronic, served as Vice President, Finance and CFO for the Americas Region. She brings extensive financial leadership experience from her previous roles at Marshall Field's and BET Holdings. Quinn Stepan, Jr., Chairman and CEO, expressed enthusiasm for her addition, highlighting the strategic operational expertise she offers. Stepan Company specializes in manufacturing specialty chemicals across various sectors.
Stepan Company (NYSE: SCL) will announce its fourth quarter and full year 2020 earnings on February 18, 2021, at 7:00 am ET. The conference call for discussing financial results will follow at 10:00 am ET. Hosted by CEO F. Quinn Stepan, Jr. and CFO Luis E. Rojo, the call is accessible via phone and webcast. Stepan produces specialty chemicals used across various industries, including surfactants and polyurethane polyols, with facilities in North and South America, Europe, and Asia.
Stepan Company (NYSE: SCL) has appointed Scott Behrens as the new President and Chief Operating Officer, effective January 1, 2021. With over 25 years at Stepan, Behrens has significantly contributed to the company's surfactant business, achieving record results through diversification and innovative technologies. He holds a Bachelor's in Chemistry from Illinois State University and an MBA from Northwestern University's Kellogg School. Stepan manufactures specialty chemicals for various industries and operates globally.
On October 20, 2020, Stepan Company (NYSE:SCL) announced a 10.9% increase in its quarterly cash dividend to $0.305 per share, payable on December 15, 2020. This increase marks the 53rd consecutive year of dividend growth, reflecting Stepan's commitment to returning value to shareholders. The record date for common stockholders is November 30, 2020. Stepan Company manufactures specialty and intermediate chemicals across various industries, with a strong market presence in surfactants and polyurethane polyols.
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