The market expects Stepan Co. (SCL) to deliver flat earnings compared to the year-ago quarter on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...

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 ...

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 ...

Financial Data and Key Metrics Changes - The company reported second quarter adjusted EBITDA of $47.7 million, up 4% year-over-year [4] - Net sales in the second quarter of 2024 decreased 4% year-over-year, primarily due to lower selling prices [8] - Adjusted net income for the second quarter was $9.4 million, or $0.41 per diluted share, compared to $12.1 million, or $0.53 per diluted share in the prior year [12] - Free cash flow for the first half of the year was $11 million, with expectations for positive free cash flow by year-end [9] Business Line Data and Key Metrics Changes - Surfactants experienced a 3% decrease in net sales to $380 million, with volume up 5% year-over-year [14] - Polymers net sales were $160 million, a 3% decrease, with volume increasing by 2% [16] - Specialty products saw a 29% decrease in net sales to $16.9 million, but adjusted EBITDA increased by 69% [16] Market Data and Key Metrics Changes - Latin America Surfactant volumes grew double digits, particularly in Mexico and Brazil, while North America and European agricultural volumes remained soft [5] - The company noted strong volume recovery across most core markets, except for the agricultural market [4] Company Strategy and Development Direction - The company is on track to achieve a $50 million cost reduction goal for 2024 through supply chain and workforce productivity initiatives [10] - The focus remains on diversifying customer bases and enhancing technical collaborations to support sustainable product transitions [20] - Construction of the new alkoxylation facility in Pasadena, Texas is approximately 96% complete, with startup expected in mid-fourth quarter [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a recovery in the agricultural market, particularly in Latin America, with expectations for North America and Europe to follow [26] - The company anticipates improved adjusted EBITDA in the second half of the year based on volume growth and reduced operational expenses [24] - Management expects to deliver full-year adjusted EBITDA growth and positive free cash flow [25] Other Important Information - The company recognized a $3.5 million pre-tax charge for fraud related to a criminal scheme affecting one of its Asia subsidiaries [7] - The Millsdale facility faced higher expenses due to operational issues, but improvements are expected to reduce costs in the second half of the year [23] Q&A Session Summary Question: Insights on agricultural market performance - Management noted that while North America and Europe experienced soft volumes, Latin America showed strong recovery, particularly in Brazil [26][27] Question: Details on the Asia fraud incident - Management stated that the incident is believed to be isolated and contained, with ongoing investigations [28] Question: Guidance on future EBITDA - Management indicated that adjusted EBITDA should run at approximately $60 million per quarter without special items, with expectations for year-over-year growth [29][31] Question: Geographical differences in Surfactants - Management highlighted strong growth in laundry and cleaning in Mexico and overall volume growth across various regions despite challenges in agriculture [34][35] Question: Tax rate expectations - The effective tax rate is projected to be between 36% to 38%, with fluctuations expected by quarter [37] Question: Insurance recoveries from Millsdale disruptions - Management clarified that expenses are being taken on a quarterly basis without expectations of insurance recoveries [40]

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 ...

Exhibit 99.1 Stepan Reports Second Quarter 2024 Results Northbrook, Illinois, July 31, 2024 -- Stepan Company (NYSE: SCL) today reported: Second Quarter 2024 Highlights First Half 2024 Highlights "Second quarter earnings were significantly impacted by higher operational expenses at our Millsdale site, start up costs related to our new Pasadena investment and a criminal social engineering event that targeted one of our Asia subsidiaries, leading to unexpected expense in the quarter. We are actively investiga ...

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 ...

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 ...

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 ...

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 STEPAN COMPANY (Exact name of registrant as specified in its charter) Delaware 36-1823834 (State or other jurisdiction of incorporation or organization) (I.R. ...