secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000950170-24-016793
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan posts Q4 net loss $1.2M; adjusted EPS $0.33 vs $0.59; revenue down 15%
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- Net loss $1.2M (-$0.05 diluted) vs net income $10.8M ($0.47) in Q4 2022; adjusted net income $7.5M ($0.33) vs $13.5M ($0.59).
- Full year 2023 net income $40.2M ($1.75) vs $147.2M ($6.38) in 2022; adjusted EPS $2.21 vs $6.65.
- Revenue $532.1M, down 15% YoY (volume +3%, price/mix -21%); full year revenue $2.33B, down 16%.
- Surfactant operating income down 32% to $14.8M; Polymer up 322% to $12.6M on polyols volume; Specialty Products down 58%.
- Expects $50M pre-tax cost savings in 2024; declared $0.375 quarterly dividend payable March 15, 2024 (56th consecutive annual increase).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000095017024016793/0000950170-24-016793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000095017024016793/scl-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-016793

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