Edition:
India

Stepan Co (SCL.N)

SCL.N on New York Stock Exchange

77.29USD
23 Feb 2018
Change (% chg)

$-1.70 (-2.15%)
Prev Close
$78.99
Open
$79.41
Day's High
$79.41
Day's Low
$75.78
Volume
18,811
Avg. Vol
24,339
52-wk High
$92.35
52-wk Low
$68.51

Latest Key Developments (Source: Significant Developments)

Stepan CFO Scott Beamer To Resign - SEC Filing
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Stepan Co ::STEPAN SAYS ON DEC 8, SCOTT BEAMER, CFO, NOTIFIED CO HE INTENDS TO RESIGN - SEC FILING.STEPAN CO - EFFECTIVE AS OF JAN 12, 2018, MATTHEW EAKEN WILL SERVE AS INTERIM CFO OF CO.STEPAN CO - INTENDS TO CONDUCT SEARCH TO IDENTIFY A PERMANENT CFO.  Full Article

Stepan reports Q3 adj. EPS of $0.92
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Stepan Co :Stepan reports third quarter results.Q3 adjusted earnings per share $0.92.Q3 earnings per share $0.94.Q3 earnings per share view $1.09 -- Thomson Reuters I/B/E/S.Says ‍for full year, capital expenditures are expected to be between $85 million and $95 million​.Stepan Co - qtrly ‍net sales $487.8 million versus $445.0 million.Q3 revenue view $469.8 million -- Thomson Reuters I/B/E/S.  Full Article

Stepan increases quarterly cash dividend
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Stepan Co :Stepan increases quarterly cash dividend.Stepan Co - ‍on October 24, board of Stepan Co approved an increase of $0.02 per share or 10 percent on its quarterly cash dividend on its common stock.  Full Article

Stepan agrees to buy sulfonation production facility in Brazil
Wednesday, 20 Jul 2016 

Stepan Co: Stepan announces agreement to acquire a commercial business and sulfonation production facility in Brazil . Financial terms of transaction were not disclosed . Acquisition is expected to be slightly accretive to earnings for first full year of ownership . Unit in brazil reached agreement with Tebras Tensoativos Do Brazil Ltda to acquire their commercial business . Transaction is expected to have minimal impact on Stepan's 2016 financial results .Agreement with PBC Industria Quimica Ltda, to acquire their sulfonation production facility.  Full Article

Stepan posts Q2 earnings of $1.21/share
Wednesday, 20 Jul 2016 

Stepan Co: Stepan reports record second quarter and first half earnings . Q2 adjusted earnings per share $1.31 . Q2 earnings per share $1.21 . Q2 earnings per share view $1.17 -- Thomson Reuters I/B/E/S . Q2 earnings per share view $1.17, revenue view $453.5 million -- Thomson Reuters I/B/E/S . Effect of foreign currency translation negatively impacted net income by $0.03 per diluted share, versus prior year . Qtrly net sales $454.6 million versus $452.4 million . Higher sales volume in Q2 offset lower selling prices and negative impact of foreign currency translation .Costs due to planned shutdown of Germany plant, higher depreciation costs, lower china construction activity to negatively impact balance of 2016.  Full Article

Stepan announces Canadian plant closure
Friday, 20 May 2016 

Stepan Co : Stepan announces Canadian plant closure . Decision will result in a workforce reduction of approximately 30 employees . Total remaining costs associated with plant shutdown are expected to be $8 million . Products manufactured at this facility will be moved to other production sites within Stepan's existing North American network . Plans to cease all production activities and shutdown its Longford mills, canada facility by end of 2016 . Says expects to recognize net pre tax manufacturing savings of less than $1 million in 2016 increasing to $3 million in 2018 . Costs are expected to be recognized during final three quarters of year as incurred .Plans to cease all production activities and shutdown its Longford mills, Canada facility by end of 2016.  Full Article

Stepan Co declares quarterly dividend
Tuesday, 26 Apr 2016 

Stepan Co:Declared a quarterly cash dividend on its common stock of $0.19 per share.Dividend is payable on June 15 to common stockholders of record date as on May 31.  Full Article

BRIEF-Stepan Q4 Earnings Per Share $0.42

* STEPAN REPORTS FOURTH QUARTER AND RECORD FULL YEAR 2017 RESULTS