2015 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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DateTitle 
07/22/15Stepan Reports Higher Second Quarter and First Half Results and Announces Dividend
NORTHFIELD, Ill., July 22, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported: Second Quarter Highlights Reported net income was $16.9 million or $0.74 per diluted share versus $24.4 million or $1.06 per diluted share in the prior year. Adjusted net income* was $20.9 million or $0.91 per diluted share versus $20.6 million or $0.90 per diluted share in the prior year. Surfactant and Polymer sales volumes increased 1% and 3%, respectively. Surfactant operating income was $2... 
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07/13/15Stepan Company Completes $100 Million Offering of 3.95% Senior Notes Due in 2027
NORTHFIELD, Ill., July 13, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) announced today that it has completed a $100 million offering of 3.95% Senior Notes due in 2027. Stepan intends to use the net proceeds from the offering to fund capital expenditures and to pay off existing higher cost debt according to normal payoff schedules. Scott Beamer, Vice President and Chief Financial Officer, stated, "Once our long-term debt that is due in 2015 is paid off, over 60% of our remaining debt wi... 
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07/09/15Stepan Signs Long-Term Surfactant Supply Agreement and Asset Purchase Agreement
NORTHFIELD, Ill., July 9, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported that it signed a long-term supply agreement with The Sun Products Corporation (SUN).  Under this agreement Stepan will supply SUN's anionic surfactant requirements for laundry in North America.  The agreement is expected to begin in the third quarter of 2015. Stepan will service this demand from its existing North American manufacturing assets. Separate from the supply agreement, Stepan also reached an ag... 
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06/22/15Stepan to Announce Second Quarter 2015 Results on July 22, 2015
NORTHFIELD, Ill., June 22, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its second quarter 2015 earnings results on Wednesday, July 22, 2015 at approximately 7:00 am ET (6:00 am 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 conference call to discuss the financial and operational performance highlights on Wednesday, July 22, 2015, at 9:00 am ET (8:00 am CT). The call ... 
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06/15/15Stepan Completes Purchase of Sulfonation Production Facility in Brazil
NORTHFIELD, Ill., June 15, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL), through its subsidiary in Brazil, today reported that it completed the purchase of the sulfonation production facility in Bahia, Brazil from Procter & Gamble do Brazil S.A.  The facility is located in the northeast region of Brazil and has 30,000 metric tons of capacity. "This acquisition expands Stepan's capabilities in Brazil.  Brazil is the world's fifth most populous country and has a growing middle class.  As... 
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04/28/15Stepan Reports First Quarter Earnings Growth of 63% to $21.3 Million
NORTHFIELD, Ill., April 28, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported: First Quarter Highlights Reported net income was $21.3 million or $0.93 per diluted share versus $13.0 million or $0.57 per diluted share in the prior year.  Surfactant and Polymer volume increased 2% and 5%, respectively. Net sales declined 4% to $460.5 million versus $477.4 million in the prior year due to a 6% decline in foreign currency translation. Surfactants delivered record quarterly o... 
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03/30/15Stepan Announces First Quarter 2015 Earnings Conference Call and Webcast
NORTHFIELD, Ill., March 30, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its first quarter 2015 earnings results on Tuesday, April 28, 2015 at approximately 7:00 am ET (6:00 am 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 conference call to discuss the financial and operational performance highlights on Wednesday, April 29, 2015, at 8:00 am ET (7:00 am CT). The call ... 
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02/18/15Stepan Reports Fourth Quarter and Full Year 2014 Results, Announces Restructuring Charges, and Declares Quarterly Dividend
NORTHFIELD, Ill., Feb. 18, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported: Fourth Quarter Highlights Reported net income was $6.2 million or $0.27 per diluted share versus $10.7 million or $0.46 per diluted share in the prior year quarter. Net sales declined 4% versus the prior year quarter primarily due to a 7% decrease in volume. Restructuring charges recognized in the current year quarter were $3.0 million after-tax.  These charges were attributable to an early ret... 
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02/02/15Stepan Announces Fourth Quarter and Full Year 2014 Earnings Conference Call and Webcast
NORTHFIELD, Ill., Feb. 2, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its fourth quarter earnings results on Wednesday, February 18, 2015 at approximately 7a.m. ET (6a.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 conference call to discuss the financial and operational performance highlights on the same day at 10:00 a.m. ET (9:00 a.m. CT).  The call will be ho... 
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01/20/15Stepan 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... 
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