Stepan(SCL)

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Stepan(SCL) - 2024 Q3 - Quarterly Results
2024-10-30 11:00
Exhibit 99.1 1 Stepan Reports Third Quarter 2024 Results Northbrook, Illinois, October 30, 2024 -- Stepan Company (NYSE: SCL) today reported: Third Quarter 2024 Highlights • Reported net income was $23.6 million, up 88% versus prior year. Adjusted net income(1) was $23.7 million, up 61% versus prior year, largely due to higher margins and a lower effective tax rate. The year-over-year change in effective tax rate positively impacted net income by $6.8 million, or $0.30 per diluted share. • EBITDA(2) was $53 ...
Stepan Reports Third Quarter 2024 Results
Prnewswire· 2024-10-30 11:00
NORTHBROOK, Ill., Oct. 30, 2024 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported: Third Quarter 2024 Highlights Reported net income was $23.6 million, up 88% versus prior year. Adjusted net income(1) was $23.7 million, up 61% versus prior year, largely due to higher margins and a lower effective tax rate. The yearover-year change in effective tax rate positively impacted net income by $6.8 million, or $0.30 per diluted share. EBITDA(2) was $53.0 million and Adjusted EBITDA(2) was $53.1 million, up ...
Stepan Increases Quarterly Cash Dividend, Marking the 57th Consecutive Year of Increases
Prnewswire· 2024-10-30 11:00
NORTHBROOK, Ill., Oct. 30, 2024 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported: The Board of Directors of Stepan Company has approved an increase of $0.01 per share, or 2.7%, on the quarterly cash dividend on the Company's common stock. The dividend of $0.385 per share is payable on December 13, 2024, to common stockholders of record on November 29, 2024. The increase marks the 57th consecutive year in which the quarterly dividend on the Company's common stock has increased. Corporate Profile Ste ...
Stepan Co. (SCL) Reports Next Week: What to Know Ahead of the Release
ZACKS· 2024-10-23 15:08
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 ...
Red Flag Alert! 3 Growth Stocks to Sell Before They Go to Zero.
Investor Place· 2024-08-09 10:45
Economic Overview - The S&P 500 is currently below its all-time highs, influenced by a disappointing jobs report and fears regarding the U.S. economy's condition, despite expectations of a 0.50% rate reduction by the Federal Reserve [1] - There is a growing concern that companies with poor financials will experience significant declines if market conditions worsen, prompting a focus on the fundamentals of growth stocks [2] Company Performance Analysis Silicom Ltd. (SILC) - Silicom Ltd. experienced a revenue decline from $150.6 million to $124.1 million in 2023, with a net loss of $0.44 per share compared to a profit of $2.73 per share the previous year, marking a 116% drop [5] - Q2 FY2024 results showed further revenue decline from $38.1 million to $14.5 million, with a loss of $0.25 per share compared to a profit of $0.56 per share in the same quarter last year, attributed to excess customer inventory and a slowdown in global demand [6] - The stock is down 34% year-to-date and is considered a candidate for growth stocks to sell [7] Stepan Company (SCL) - Stepan Company reported a 16% year-over-year decrease in net sales in 2023, with operating income falling by 72% and net income decreasing by 73% [9] - Q2 FY2024 results indicated a 10% drop in net sales and a 19% decrease in net income year-over-year, impacted by rising corporate expenses and competitive pressures [10] - Despite analysts rating SCL stock as a buy, the declining financial metrics suggest it may also belong on a sell list [11] Schneider National (SNDR) - Schneider National's FY2023 results showed a 17% decrease in operating revenues and a 51% drop in income from operations, with net income falling by 48% [12] - Q2 FY2024 results revealed a 5% decrease in operating revenue, but a significant 69% contraction in net income due to increased spending [12] - Although Wall Street analysts rate SNDR stock as a consensus buy, the deteriorating financials indicate it may be prudent to consider it for a sell list [13]
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 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 ...
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 ...