---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-088232"
form_type: "8-K"
ticker: "SCL"
cik: "0000094049"
company_name: "STEPAN CO"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:46:28.708996+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stepan Q2 net income falls 25% to $9.5M; criminal fraud charge and Millsdale flood weigh

## Summary
- Net income $9.5M ($0.42 diluted EPS), down 25% YoY; adjusted net income $9.4M down 22%.
- Sales volume +4% YoY, but revenue -4% to $556M due to lower selling prices and mix.
- Unusual charges: $11.8M Millsdale flood, $3.6M Pasadena startup, $3.5M criminal fraud in Asia; investigation ongoing.
- Adjusted EBITDA $47.7M (+4%); cost-out on track; expects H2 EBITDA improvement vs prior year.
- Q3 fraud charge expected similar amount (~$3.5M); no material impact on business otherwise.

## SEC filing metadata
- accession: 0000950170-24-088232
- form_type: 8-K
- ticker: SCL
- cik: 0000094049
- company_name: STEPAN CO
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/94049/000095017024088232/0000950170-24-088232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/94049/000095017024088232/scl-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-088232
- JSON: https://secwatch.observer/filing/0000950170-24-088232.json
- Plain text: https://secwatch.observer/filing/0000950170-24-088232.txt

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