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Red Flag Alert! 3 Growth Stocks to Sell Before They Go to Zero.
Investor Place· 2024-08-09 10:45
With last week's dismal jobs report in the back mirror, the S&P 500 is currently off its all-time highs. And, there's fear in the air that the U.S. economy might be in worse shape than anticipated- even as the Federal Reserve is now expected to begin a rate reduction of 0.50%. The result? A sell-off. When investing in growth stocks, it's more important than ever to focus on the fundamentals of the top and bottom lines. "Growth stocks are those companies expected to grow sales and earnings at a faster rate t ...
Stepan(SCL) - 2024 Q2 - Quarterly Report
2024-08-08 16:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 1-4462 STEPAN COMPANY (Exact name of registrant as specified in its charter) Delaware 36-1823834 (State or other jurisdiction of incorpo ...
Stepan(SCL) - 2024 Q2 - Earnings Call Transcript
2024-07-31 17:57
Stepan Company (NYSE:SCL) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Luis Rojo - Vice President and Chief Financial Officer Scott Behrens - President and Chief Executive Officer Conference Call Participants Mike Harrison - Seaport Research Partners Dave Storms - Stonegate Kevin Holder - CL King and Associates Operator Good morning, and welcome to the Stepan Company Second Quarter 2024 Earnings Conference Call. During the presentation all participants will be in listen-onl ...
Stepan Co. (SCL) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-31 13:26
Stepan Co. (SCL) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -38.81%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $0.35 per share when it actually produced earnings of $0.64, delivering a surprise of 82.86%. Stepan Co. Shares have lo ...
Stepan(SCL) - 2024 Q2 - Quarterly Results
2024-07-31 11:01
Exhibit 99.1 Stepan Reports Second Quarter 2024 Results Northbrook, Illinois, July 31, 2024 -- Stepan Company (NYSE: SCL) today reported: Second Quarter 2024 Highlights • Reported net income was $9.5 million, down 25% versus prior year. Adjusted net income(1) was $9.4 million, down 22% versus prior year, largely due to a higher effective tax rate in 2024. • Pre-tax earnings were negatively impacted by $18.9 million due to higher operating costs at our Millsdale site, primarily related to a flood event ($11. ...
Stepan Declares Quarterly Dividend
Prnewswire· 2024-07-31 11:00
NORTHBROOK, Ill., July 31, 2024 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported: Corporate Profile Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia. Certain information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange ...
Stepan Company Is Making Great Progress
Seeking Alpha· 2024-07-28 14:41
Anchiy Mixed results Author - SEC EDGAR Data Even though net income and adjusted net income fell year over year, the company benefited from margin expansion. This was less visible when we focus on net profits and adjusted net profits. But the company's adjusted operating cash flow margin improved from 6.45% to 8.20%, while its EBITDA margin grew from 7.48% to 9.29%. As you can tell from the chart above, these margin improvements mark a turnaround compared to what the company saw from 2022 to 2023. We do kno ...
Stepan to Announce Second Quarter 2024 Results on July 31, 2024
Prnewswire· 2024-07-10 11:00
NORTHBROOK, Ill., July 10, 2024 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its second quarter 2024 earnings results on Wednesday, July 31, 2024 at approximately 7:00 a.m. ET (6:00 a.m. CT). Supporting slides will be posted at approximately the same time on the Investors/Presentations page at www.stepan.com. The Company will hold a conference call to discuss and answer questions about its financial and operational performance on the same day at 9:00 a.m. ET (8:00 a.m. CT). The call can be accessed ...
Stepan(SCL) - 2024 Q1 - Quarterly Report
2024-05-08 19:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 1-4462 STEPAN COMPANY (Exact name of registrant as specified in its charter) Delaware 36-1823834 (State or other jurisdiction of incorp ...
Stepan(SCL) - 2024 Q1 - Earnings Call Presentation
2024-04-30 17:10
Net Income Bridge – Q1 2023 to Q1 2024 $0.71 Adj. EPS $0.64 Adj. EPS Note: All amounts are in millions of U.S. dollars and are reported after-tax. First Quarter 2024 Earnings Results April 30, 2024 Providing innovative chemical solutions for a cleaner, healthier, more energy efficient world. Certain information in this presentation consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Sect ...