Stepan Reports Second Quarter 2024 Results [Yahoo! Finance]
Stepan Company (SCL)
Last stepan company earnings: 4/21 06:59 am
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
Reported net income was $9.5 million , down 25% versus prior year. Adjusted net income 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 ( $11.8 million ), pre-commissioning expenses at our new Alkoxylation investment in Pasadena, Texas $3.6 million ) and expenses related to a criminal fraud event at a subsidiary in Asia $3.5 million EBITDA was $47.9 million and Adjusted EBITDA was $47.7 million , up 3% and 4% respectively, year-over-year. Global sales volume was up 4% year-over-year. Surfactant and Polymer sales volume was up 5% and 2%, respectively. Cash from Operations was $29.5 million during the quarter. Free cash flow for the quarter was slightly negative due to the higher expenses noted above. The Company is on track to deliver its $50 million cost out goal for 2024 and reco
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News
- Amphoteric Surfactants Market worth $7.1 billion by 2029 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- Stepan Company (SCL) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Stepan Declares Quarterly DividendPR Newswire
- Stepan Reports Second Quarter 2024 ResultsPR Newswire
- Stepan (NYSE: SCL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
SCL
Earnings
- 7/31/24 - Miss
SCL
Sec Filings
- 8/28/24 - Form 8-K
- 8/15/24 - Form 4
- 8/8/24 - Form 10-Q
- SCL's page on the SEC website