---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-050194"
form_type: "8-K"
ticker: "SCL"
cik: "0000094049"
company_name: "STEPAN CO"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:17:16.174228+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stepan Q1 adjusted EBITDA up 5% to $51.2M; net sales down 15% on lower pricing; reaffirms $50M cost out program

## Summary
- Net income $13.9M ($0.61 EPS); adjusted net income $14.7M ($0.64 EPS), down 11% YoY.
- Adjusted EBITDA $51.2M, up 5% YoY; Surfactants +4%, Polymers -10%, Specialty Products +49%.
- Net sales $551.4M, down 15% YoY on 18% lower selling prices; volume up 1% (ex-ag & PA +4%).
- Cost reduction on track: $18M pre-tax savings in Q1 toward $50M goal for 2024.
- Quarterly dividend $0.375/sh declared, payable June 14, 2024; unchanged from prior quarter.

## SEC filing metadata
- accession: 0000950170-24-050194
- form_type: 8-K
- ticker: SCL
- cik: 0000094049
- company_name: STEPAN CO
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/94049/000095017024050194/0000950170-24-050194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/94049/000095017024050194/scl-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050194
- JSON: https://secwatch.observer/filing/0000950170-24-050194.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050194.txt

## Key facts
- Earnings Releases
  STEPAN CO reported Three Months Ended March 31, 2024 results: revenue $551,418, net income $13.9 million, EPS $0.61 per diluted share.
  - Period: Three Months Ended March 31, 2024
  - Revenue: $551,418
  - Net income: $13.9 million
  - EPS: $0.61 per diluted share
  - Result: reported results
  source text: Financial Summary Three Months Ended March 31, ($ in thousands, except per share data) 2024 2023 % Change Net Sales $ 551,418 $ 651,436 (15)% Operating Income $ 20,169 $ 21,057 (4)% Net Income $ 13,893 $ 16,142 (14)% Earnings per Diluted Share $ 0.61 $ 0.70 (13)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/94049/000095017024050194/0000950170-24-050194-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.