secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000950170-23-034554
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan Q2 net income falls 76% to $0.55 EPS; sales volume down 19% YoY
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- Net income of $12.7M ($0.55 diluted) vs. $52.1M ($2.26) a year ago; adjusted EPS $0.53.
- Revenue $580M, down 23% YoY; global sales volume declined 19%.
- Surfactant operating income fell 69% to $15.1M; Polymer down 52% to $16.3M; Specialty Products down 62% to $3.8M.
- Q2 EBITDA $46.7M vs. $95.5M; adjusted EBITDA $45.8M vs. $96.7M.
- Board declared $0.365 quarterly dividend payable Sept. 15, record Aug. 31; unchanged from prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000095017023034554/0000950170-23-034554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000095017023034554/scl-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-034554

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