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Stepan Co (SCL)

SCL on New York Consolidated

87.36USD
23 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Stepan announces agreement to acquire a surfactant production facility
Tuesday, 13 Jun 2017 12:00pm EDT 

June 13 (Reuters) - Stepan Co :Stepan announces agreement to acquire a surfactant production facility and a portion of its associated surfactant business in mexico.Financial terms of transaction were not disclosed.​.Transaction is expected to close in Q4 of 2017 and is expected to have minimal impact on Stepan's 2017 financial results.Through a subsidiary in Mexico, reported that it has reached an agreement with BASF Mexicana, S.A. DE C.V..  Full Article

Stepan Q1 adjusted earnings per share $1.36
Tuesday, 25 Apr 2017 06:59am EDT 

April 25 (Reuters) - Stepan Co ::Stepan reports record quarterly earnings.Q1 adjusted earnings per share $1.36.Q1 earnings per share $1.37.Q1 earnings per share view $1.19 -- Thomson Reuters I/B/E/S.Stepan Co says for full year, company expects capital spending to be between $100 million and $120 million.Qtrly net sales $468.3 million versus $445.9 million.Stepan Co - "higher raw material costs may pressure margins" in 2017.  Full Article

Stepan sets quarterly cash dividend of $0.205/share
Wednesday, 22 Feb 2017 06:59am EST 

Stepan Co : Sets quarterly cash dividend of $0.205 per share .Stepan Co - Increased its quarterly cash dividend in Q4 of 2016 by $0.015 per share.  Full Article

Stepan reports Q4 adjusted earnings of $0.52/shr
Wednesday, 22 Feb 2017 06:59am EST 

Stepan Co : Stepan reports fourth quarter and record full year 2016 results . Q4 adjusted earnings per share $0.52 . Q4 earnings per share $0.36 . Q4 earnings per share view $0.69 -- Thomson Reuters I/B/E/S . Qtrly net sales $ 420.6 million versus $ 419.3 million . Stepan Co - Q4 2016 results were negatively impacted by $8.9 million of pre-tax non-recurring costs . Stepan co - total company sales volume increased 1 percent for quarter as a result of higher polyol volumes .Stepan co - During Q4, benefited from a more favorable geographical mix of income versus prior year, resulting in a lower quarterly tax provision.  Full Article

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

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BRIEF-Stepan announces agreement to acquire a surfactant production facility

* Stepan announces agreement to acquire a surfactant production facility and a portion of its associated surfactant business in mexico