2014 Press Releases

 

This page contains Company press releases for the past 1 to 2 years, listed in chronological order. Please note that this information is provided only for historical purposes. Investors should not rely on this information as being unchanged in making investment decisions.

FORWARD-LOOKING INFORMATION
Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking information and statements in this web site and the contents of any announcement or information are subject to various risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. These risks and uncertainties include but are not limited to: those discussed or identified in the public filings with the U.S. Securities and Exchange Commission (SEC) made by Stepan Company; risks and uncertainties with respect to Stepan Company’s expectations regarding the tax treatment of acquisitions, the value of merger consideration, growth opportunities, earnings accretion, cost savings, revenue enhancements, synergies and other benefits anticipated from acquisition transactions; the costs and effects of government regulation and legal and administrative proceedings; difficulties related to integrating acquired businesses; the effect of any changes in customer and supplier relationships and customer purchasing patterns, shifts in the growth rates among segments driven by various factors, and of general economic conditions such as changes in interest rates and the performance of the financial markets, changes in domestic and foreign laws, regulations and taxes, changes in competition and pricing environments, and general market and industry conditions. Stepan undertakes no obligation to publicly update or revise any forward-looking statements.

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2014 | 2013
DateTitle 
10/22/14Stepan 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... 
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10/07/14Stepan 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)... 
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07/23/14Stepan 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... 
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07/15/14Stepan Announces Agreement to Acquire Sulfonation Production Facility in Brazil
NORTHFIELD, Ill., July 15, 2014 /PRNewswire/ -- Stepan Company (NYSE: SCL), through its subsidiary in Brazil, today reported that it has reached an agreement with Procter & Gamble do Brasil S.A. to acquire their sulfonation production facility in Bahia, Brazil subject to approval by the Brazilian antitrust authorities and by the Industrial Development Superintendence of Bahia State, as well as other customary closing conditions. The facility is located in the northeast region of Brazil and h... 
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07/09/14Stepan Announces Second Quarter Earnings Conference Call and Webcast
NORTHFIELD, Ill., July 9, 2014 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its second quarter earnings results on Wednesday, July 23 at approximately 7:00 a.m. ET (6:00 a.m. CT).  Supporting slides will be posted at approximately the same time on the Investor Relations/Presentations page at www.stepan.com.  The Company will hold its second quarter conference call to discuss the financial and operational performance highlights on the same day at 8:00 a.m. ET (7:00 a.m. CT).  The cal... 
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05/01/14Stepan VP & GM, Surfactants, John Venegoni, To Retire
Scott Behrens, VP of Business Management, Named as Successor NORTHFIELD, Ill., May 1, 2014 /PRNewswire/ -- John Venegoni, 55, Vice President & General Manager, Surfactants, announced his intention to retire effective September 5, 2014, after over 30 years of dedicated service to Stepan Company (NYSE: SCL).  Scott Behrens, 44, currently the Vice President of Business Management with more than two decades of experience at Stepan, has been chosen to succeed Venegoni. Over the next several... 
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04/29/14Stepan Reports Lower First Quarter Results and Announces Dividend
NORTHFIELD, Ill., April 29, 2014 /PRNewswire/ -- Net Sales increased 5% to $477.4 million versus $456.5 million in the prior year. Net Income was $13.0 million versus $19.0 million in the prior year.  Net Income, excluding deferred compensation, was $12.8 million versus $21.5 million in the prior year. Diluted EPS was $0.57 versus $0.83 in the prior year.  Diluted EPS, excluding deferred compensation, was $0.56 versus $0.94 in the prior year. Lower earnings were directly attributable ... 
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04/14/14Stepan Announces First Quarter Earnings Conference Call and Webcast
NORTHFIELD, Ill., April 14, 2014 /PRNewswire/ -- Stepan Company (NYSE: SCL), a major manufacturer of specialty and intermediate chemicals used in a broad range of industries, will issue its first quarter earnings report on Tuesday, April 29, 2014 at approximately 8:00 a.m. ET (7:00 a.m. CT), prior to the open of the market.  The Company will hold its first quarter earnings conference call to review the financial and operational performance highlights on Wednesday, April 30, 2014, at 8:00 a.m. ET... 
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03/24/14Stepan Launches STEPOSOL® MET-10U, a Powerful, Sustainable Surfactant Designed to Replace Solvents
First product from Stepan and Elevance joint development agreement is now commercially available NORTHFIELD, Ill. and WOODRIDGE, Ill., March 24, 2014 /PRNewswire/ -- Stepan Company, one of the leading global surfactant manufacturers, today introduced STEPOSOL® MET-10U, a novel surfactant derived from natural oils that is targeted to displace solvents. This powerful new cleaning solution is the first commercial product launched by Stepan as part of its joint development agreement with Elev... 
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02/18/14Stepan Reports Fourth Quarter And Full Year 2013 Results, Notes Strong Volumes; And Declares Quarterly Dividend
NORTHFIELD, Ill., Feb. 18, 2014 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported: Fourth Quarter Highlights Net Sales were up 11% vs. prior year driven by an 11% increase in volume. Excluding the North American polyester resin acquisition from Bayer MaterialScience, the increases were 8% and 9%, respectively. Net Income was $10.7 million vs. $15.4 million in the prior year. Net Income excluding deferred compensation and restructuring expense was $14.3 million vs. $18.0 milli... 
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02/06/14Stepan Announces Fourth Quarter and Full Year 2013 Earnings Conference Call and Webcast
NORTHFIELD, Ill., Feb. 6, 2014 /PRNewswire/ -- Stepan Company (NYSE: SCL), a major manufacturer of specialty and intermediate chemicals used in a broad range of industries, will issue its fourth quarter and full year 2013 earnings report on Tuesday, February 18, 2014 at approximately 8:00 a.m. ET, prior to the open of the market.  The Company will also hold its fourth quarter and full year 2013 earnings conference call to review the financial and operational performance highlights on Wednesday, ... 
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