Stepan(SCL) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Stepan Reports First Quarter 2024 Results Northbrook, Illinois, April 30, 2024 -- Stepan Company (NYSE: SCL) today reported: First Quarter 2024 Highlights • Reported net income was $13.9 million. Adjusted net income(1) was $14.7 million, down 11% year-over-year, largely due to a higher effective tax rate in 2024. • EBITDA(2) was $50.2 million. Adjusted EBITDA(2) was $51.2 million, up 5% year-over-year. • Global sales volume was up 1% year-over-year. Global sales volume, excluding declines in ou ...