Stepan(SCL) - 2024 Q2 - Quarterly Results

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. ...