earnings
confidence high
sentiment neutral
materiality 0.75
Stepan Q4 adj. EPS $0.12, down 64%; full-year adj. EBITDA up 4%, Polymers weak
STEPAN CO
2024-FY EPS reported
$2.20
revenue$2,180,274,000
- Q4 reported net income $3.4M vs prior-year loss of $1.2M; adjusted net income $2.8M (-63%).
- Full-year adj. EBITDA $187.0M (+4%); free cash flow $39.3M vs -$85.5M in 2023.
- Surfactants adj. EBITDA +10% in Q4; Polymers adj. EBITDA -44% on 9% volume decline.
- Pasadena alkoxylation facility expected to start in Q1 2025; quarterly dividend $0.385/sh, payable March 14.
- Cost-out savings of $48M in 2024; full-year effective tax rate 16.7% vs 16.9%.