secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118581
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000095017024118581/0000950170-24-118581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000095017024118581/scl-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118581

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