Stepan Q3 net income $23.6M (+88% YoY), increases dividend for 57th straight year

STEPAN CO

2024-Q3 EPS reported $2.05 revenue$1,654,665,000

Net income $23.6M ($1.03 diluted EPS) vs $12.6M ($0.55) prior year; adjusted net income $23.7M (+61%).
Sales volume -1% overall; Surfactants +3% with double-digit agricultural growth; Rigid Polyols -13% due to weak demand.
Surfactant operating income +71% to $26.3M; Polymer operating income -30% to $15.2M.
Board increased quarterly dividend to $0.385/share, up 2.7%, payable Dec 13 to holders of record Nov 29.
On track for $50M cost out in 2024; pre-tax savings $13.3M in Q3; free cash flow -$4M but outlook improved.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.