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Stepan Co (SCL.N)

SCL.N on New York Stock Exchange

73.04USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Stepan Co Executes $350 Mln 5-Year Revolving Credit Facility Agreement
Thursday, 1 Feb 2018 06:59am EST 

Feb 1 (Reuters) - Stepan Co ::STEPAN COMPANY EXECUTES $350 MILLION FIVE YEAR REVOLVING CREDIT FACILITY AGREEMENT.STEPAN CO - HAS ENTERED INTO A FIVE YEAR COMMITTED $350 MILLION MULTI-CURRENCY REVOLVING CREDIT FACILITY THAT MATURES ON JANUARY 30, 2023.STEPAN CO - ENTERED INTO 5 YEAR COMMITTED $350 MILLION MULTI-CURRENCY REVOLVING CREDIT FACILITY THAT MATURES ON JANUARY 30, 2023 WITH A SYNDICATE OF BANKS.STEPAN CO - ‍CREDIT AGREEMENT REPLACES COMPANY'S PREVIOUS $125 MILLION REVOLVING CREDIT AGREEMENT THAT WAS SCHEDULED TO EXPIRE IN JULY 2019​.  Full Article

Stepan CFO Scott Beamer To Resign - SEC Filing
Tuesday, 12 Dec 2017 07:42am EST 

Dec 12 (Reuters) - Stepan Co ::STEPAN SAYS ON DEC 8, SCOTT BEAMER, CFO, NOTIFIED CO HE INTENDS TO RESIGN - SEC FILING.STEPAN CO - EFFECTIVE AS OF JAN 12, 2018, MATTHEW EAKEN WILL SERVE AS INTERIM CFO OF CO.STEPAN CO - INTENDS TO CONDUCT SEARCH TO IDENTIFY A PERMANENT CFO.  Full Article

Stepan reports Q3 adj. EPS of $0.92
Wednesday, 25 Oct 2017 06:59am EDT 

Oct 25 (Reuters) - Stepan Co :Stepan reports third quarter results.Q3 adjusted earnings per share $0.92.Q3 earnings per share $0.94.Q3 earnings per share view $1.09 -- Thomson Reuters I/B/E/S.Says ‍for full year, capital expenditures are expected to be between $85 million and $95 million​.Stepan Co - qtrly ‍net sales $487.8 million versus $445.0 million.Q3 revenue view $469.8 million -- Thomson Reuters I/B/E/S.  Full Article

Stepan increases quarterly cash dividend
Wednesday, 25 Oct 2017 06:59am EDT 

Oct 25 (Reuters) - Stepan Co :Stepan increases quarterly cash dividend.Stepan Co - ‍on October 24, board of Stepan Co approved an increase of $0.02 per share or 10 percent on its quarterly cash dividend on its common stock.  Full Article

Stepan reports second quarter and first half earnings
Wednesday, 26 Jul 2017 07:23am EDT 

July 26 (Reuters) - Stepan Co ::Stepan reports second quarter and record first half earnings.Qtrly net sales $495.1 million versus $454.6 million last year .Q2 adjusted earnings per share $1.32.Q2 earnings per share $1.19.Q2 earnings per share view $1.34 -- Thomson Reuters I/B/E/S.For full year, capital expenditures are expected to be between $95 million and $105 million.  Full Article

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

BRIEF-Stepan Co Executes $350 Mln 5-Year Revolving Credit Facility Agreement

* STEPAN COMPANY EXECUTES $350 MILLION FIVE YEAR REVOLVING CREDIT FACILITY AGREEMENT