secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000950170-23-002965
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000095017023002965/0000950170-23-002965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000095017023002965/scl-20230216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002965

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