secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000950170-22-019698
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan posts record Q3 net income $39.4M; raises dividend 9% for 55th consecutive year
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- Record Q3 net income $39.4M ($1.71 diluted EPS); adjusted $46.3M ($2.01), up 27% YoY.
- Revenue $719.2M, +19% YoY, driven by higher pricing and mix; volume declined 8% globally.
- Operating income: Surfactants $39.0M (+13%), Polymers $31.9M (+61%), Specialty $9.7M (+297%).
- Environmental reserve increased to $33.5M (from $23.2M) for revised Maywood, NJ site remediation.
- Dividend raised to $0.365/share (+9%), payable Dec 15 to holders of record Nov 30 – 55th consecutive annual increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000095017022019698/0000950170-22-019698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000095017022019698/scl-20221019.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019698

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