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United States

Stepan Co (SCL.N)

SCL.N on New York Stock Exchange

71.57USD
27 Sep 2016
Change (% chg)

$-0.84 (-1.16%)
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Latest Key Developments (Source: Significant Developments)

Stepan agrees to buy sulfonation production facility in Brazil
Wednesday, 20 Jul 2016 07:00am EDT 

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 07:00am EDT 

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 08:02am EDT 

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 06:55am EDT 

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

Stepan Co declares quarterly dividend
Wednesday, 24 Feb 2016 06:55am EST 

Stepan Co:Declared a quarterly cash dividend on its common stock of $0.19 per share.Dividend is payable on March 15 to common stockholders of record date as on March 4.  Full Article

Stepan Co declares quarterly cash dividend
Wednesday, 22 Jul 2015 07:00am EDT 

Stepan Co:Says that it has declared a quarterly cash dividend on its common stock of $0.18 per share.Says the dividend is payable on Sept. 15, 2015, to common stockholders of record on Aug. 31, 2015.  Full Article

Stepan Co completes $100 million offering of 3.95 pct. senior notes due in 2027
Monday, 13 Jul 2015 08:00am EDT 

Stepan Co:Completes $100 million offering of 3.95% senior notes due in 2027.To use net proceeds from offering to fund capital expenditures and to pay off existing higher cost debt according to normal payoff schedules.  Full Article

Stepan Co signs long-term surfactant supply agreement and asset purchase agreement
Thursday, 9 Jul 2015 04:20pm EDT 

Stepan Co:Signs long-term surfactant supply agreement and asset purchase agreement.Says agreement is expected to begin in the third quarter of 2015.Says financial terms of both transactions were not disclosed.Says under agreement Stepan will supply sun's anionic surfactant requirements for laundry in North America.Says Stepan also reached an agreement to purchase select chemical manufacturing assets from sun's Pasadena, Texas manufacturing site.As part of agreement Stepan also received an exclusive two month real estate purchase option on sun's property located in Pasadena, Texas.Says sale is expected to close in the third quarter.Says signed a long-term supply agreement with the sun products corporation.  Full Article

Stepan Company completes purchase of Sulfonation Production Facility in Brazil
Monday, 15 Jun 2015 04:22pm EDT 

Stepan Company:Says through its subsidiary in Brazil, completes purchase of sulfonation production facility in Bahia, Brazil from Procter & Gamble do Brazil S.A.  Full Article

Stepan declares quarterly cash dividend
Tuesday, 28 Apr 2015 07:00am EDT 

Stepan Co:Declares quarterly cash dividend on its common stock of $0.18 per share.The dividend is payable on June 12, to common stockholders of record on May 29.  Full Article

BRIEF-Stepan posts Q2 earnings of $1.21/share

* Stepan reports record second quarter and first half earnings