secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000950170-23-014241
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan Q1 net income falls 64% to $16.1M ($0.70 EPS); sales volume down 14%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000095017023014241/0000950170-23-014241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000095017023014241/scl-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014241

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