{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-014241","form_type":"8-K","ticker":"SCL","cik":"0000094049","company_name":"STEPAN CO","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.944190+00:00","generated_at":"2026-06-16T18:08:19.115376+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Stepan Q1 net income falls 64% to $16.1M ($0.70 EPS); sales volume down 14%","bullets":["Reported EPS $0.70 vs $1.93 prior year; adjusted EPS $0.71 vs $1.76.","Net sales $651.4M (-4%); volume decline of 14% partially offset by 12% higher pricing/mix.","Surfactant operating income $27.1M (-50%); Polymer op. income $10.0M (-29%) on volume drops.","Company expects Q2 volumes to remain depressed, but H2 year-over-year growth from new business and low base.","Quarterly dividend declared at $0.365/share, payable June 15, unchanged from prior quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-014241","json":"https://secwatch.observer/filing/0000950170-23-014241.json","markdown":"https://secwatch.observer/filing/0000950170-23-014241.md","text":"https://secwatch.observer/filing/0000950170-23-014241.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/94049/000095017023014241/0000950170-23-014241-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/94049/000095017023014241/scl-20230425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T18:08:19.115376+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"278b58965cf58f0a3aaf92a54d27655055648dd1","claim":"STEPAN CO reported the first quarter ended March 31, 2023 results: revenue $ 651,436, net income $ 16,142, EPS $ 0.70.","evidence_excerpt":"Financial Summary Three Months Ended March 31 ($ in thousands, except per share data) 2023 2022 % Change Net Sales $ 651,436 $ 675,276 (4 )% Operating Income $ 21,057 $ 63,346 (67 )% Net Income $ 16,142 $ 44,809 (64 )% Earnings per Diluted Share $ 0.70 $ 1.93 (64 )%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/94049/000095017023014241/0000950170-23-014241-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$ 651,436"},{"label":"Net income","value":"$ 16,142"},{"label":"EPS","value":"$ 0.70"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}