2013 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.

Date Title   05/01/13 Stepan Declares Quarterly Dividend NORTHFIELD, Ill., May 1, 2013 /PRNewswire/ -- The Board of Directors of Stepan Company (NYSE: SCL) declared a quarterly cash dividend on its common stock of $0.1600 per share.  The dividend is payable on June 14, 2013, to common stockholders of record on May 31, 2013. The Board of Directors also declared a quarterly cash dividend on its five and one half percent (5.5%) convertible preferred stock at the quarterly rate of $0.34375 per share.  Dividends are payable on May 31, 2013, to preferred...  04/30/13 Stepan Reports First Quarter Results NORTHFIELD, Ill., April 30, 2013 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported first quarter net income of $19.0 million for the period ended March 31, 2013, down from $22.3 million in the year ago quarter.  Sales volume grew by 3 percent, partially overcoming global economic weakness.  Surfactant volume rose 5 percent and polymer volume declined 7 percent. Net income, excluding deferred compensation expense, declined 9 percent to $21.5 million compared to $23.6 million in the r...  04/30/13 Stepan Announces Agreement To Acquire North American Polyester Resins Business From Bayer NORTHFIELD, Ill., April 30, 2013 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported that it has reached an agreement with Bayer MaterialScience to acquire their North American Polyester Resins business, including the production facility located in Columbus, Georgia.  Bayer MaterialScience is a leading producer of Powder Polyester Resins for metal coatings applications in NAFTA and Liquid Polyester Resins for CASE (Coatings, Adhesives, Sealants and Elastomers) applications globally. The fa...  04/23/13 Stepan Announces First Quarter Earnings Conference Call And Webcast NORTHFIELD, Ill., April 23, 2013 /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 30, 2013 at approximately 8:00 a.m. ET, 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, May 1, 2013, at 2:00 p.m. ET (1:00 p.m. CT). ...  03/15/13 Stepan Company To Continue Trading On The New York Stock Exchange And Will Discontinue Trading On The Chicago Stock Exchange NORTHFIELD, Ill., March 15, 2013 /PRNewswire/ -- Stepan Company (the "Company") (NYSE: SCL and SCLPR; CHX: SCL and SCLPR) announced today that it has applied to voluntarily withdraw its common stock and 5 1/2% convertible preferred stock (collectively, the "Securities") from listing on the Chicago Stock Exchange, Inc. (the "CHX") pursuant to Rule 4(b) of Article 22 of the CHX and Rule 12d2-2(c) of the Securities Exchange Act of 1934. The Company's decision to withdraw its Securities from li...  02/21/13 Stepan Approves Share Repurchase Authorization NORTHFIELD, Ill., Feb. 21, 2013 /PRNewswire/ -- On February 19, 2013, the Board of Directors of Stepan Company authorized the Company to repurchase up to 1,000,000 shares of its outstanding common stock.  This repurchase authorization replaces the 1,000,000 share authorization (split adjusted) approved on February 11, 2009, of which the remaining unutilized repurchase authorization of 170,542 shares is cancelled.  The Company will repurchase shares from time to time for cash in open market or ...  02/19/13 Stepan Reports Fifth Consecutive Year Of Record Earnings Fourth Quarter Net Income Up 17 Percent Full Year Net Income Up 10 Percent NORTHFIELD, Ill., Feb. 19, 2013 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported its fifth consecutive record net income year generating a five year compound growth rate of 39 percent. Full year net income increased for a fifth consecutive record year to $79.4 million, up 10 percent, or $3.49 per diluted share, compared to $72.0 million, or $3.21 per diluted share, a year ago. Fou...  02/19/13 Stepan Declares Quarterly Dividend NORTHFIELD, Ill., Feb. 19, 2013 /PRNewswire/ -- The Board of Directors of Stepan Company declared a quarterly cash dividend on its common stock of $0.1600 per share.  The dividend is payable on March 15, 2013, to common stockholders of record on February 28, 2013. As previously announced, the Board of Directors also declared a quarterly cash dividend on its five and one half (5.5%) percent convertible preferred stock at the quarterly rate of $0.34375 per share.  Dividends a...  02/11/13 Stepan Announces Fourth Quarter And Full Year 2012 Earnings Conference Call and Webcast NORTHFIELD, Ill., Feb. 11, 2013 /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 2012 earnings report on Tuesday, February 19, 2013 at approximately 8:00 a.m. ET, prior to the open of the market.  The Company will hold its fourth quarter and full year 2012 earnings conference call to review the financial and operational performance highlights on Wednesday, Feb...