|01/20/15||Stepan Sells its Specialty Polyurethane Systems Business|
|NORTHFIELD, Ill., Jan. 20, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) announced today the sale of its Specialty Polyurethane Systems business ("KITS") to J6 Polymers, LLC. The 2014 net sales associated with this business were $2.8 million.
The sale was for cash and included inventory as well as customer and supplier lists, intellectual property, formulations, manufacturing procedures and all other information required to operate the business. The Company expects to report a pretax one... |
|10/22/14||Stepan Reports Third Quarter Results and Announces Forty-Seventh Consecutive Year of Dividend Increases|
|NORTHFIELD, Ill., Oct. 22, 2014 /PRNewswire/ --
Net sales increased 3% to $491 million versus $476 million in the prior year quarter.
Reported net income was $13.5 million or $0.59 per diluted share versus $20.4 million or $0.89 per diluted share in the prior year quarter.
Adjusted net income*, was $15.6 million or $0.68 per diluted share, versus $18.6 million or $0.81 per diluted share in the prior year quarter.
Polymer sales were up 11% versus the prior year quarter due to strong v... |
|10/07/14||Stepan Releases Third Quarter Earnings Conference Call and Webcast|
|In the news release, Stepan Announces Third Quarter Earnings Conference Call and Webcast, issued 07-Oct-2014 by Stepan Company over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "third quarter" rather than "second quarter" as originally issued inadvertently. The complete, corrected release follows:
Stepan Announces Third Quarter Earnings Conference Call and Webcast
NORTHFIELD, Ill., Oct. 7, 2014 /PRNewswire/ -- Stepan Company (NYSE: SCL)... |
|07/23/14||Stepan Reports Second Quarter Results and Announces Dividend|
|-- Net Sales increased 6% to $504.1 million versus $474.4 million in the prior year period.
-- Net income was $24.4 million, up 7% versus $22.7 million in the prior year period. Net income, excluding deferred compensation was $20.6 million essentially flat with prior year results of $20.4 million.
-- Diluted EPS was $1.06 versus $0.99 in the prior year period. Diluted EPS, excluding deferred compensation, was $0.90 versus $0.89 in the prior year period.
-- Polymer sales volume was up 22... |