Stepan Q4 EPS $0.47 miss; record FY22 EPS $6.38; cautious 2023 outlook

STEPAN CO

2022-FY EPS reported $6.38 revenue$2,773,270,000

Q4 net income $10.8M ($0.47 diluted) down 36% YoY; adjusted net income $13.5M ($0.59).
FY22 net income record $147.2M ($6.38) up 7%; adjusted $153.5M ($6.65) record.
Surfactant segment op income down 33% in Q4 on 15% volume decline; Polymer down 77% on 23% volume decline.
Declared quarterly dividend $0.365/share payable March 15, 2023; increased for 55th consecutive year.
2023 outlook: expects challenges from inflation, high interest rates, and higher costs from new Pasadena site; earnings growth uncertain.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

STEPAN CO reported financial results for the quarter ended December 31, 2023.

Period: the quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 16, 2023, Stepan Company (“Stepan”) issued a press release providing its financial results for the quarter ended December 31, 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

STEPAN CO filing history →

Source: SEC EDGAR

accession 0000950170-23-002965

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