Stepan announces Project Catalyst restructuring targeting $100M pre-tax savings

STEPAN CO

Project Catalyst targets approximately $100M in pre-tax savings over two years.
Company to close Fieldsboro, NJ site and decommission assets at Elwood, IL and Stalybridge, UK by mid-2026.
Restructuring charges of $70-80M in 2026, with $52-62M expected in Q1 2026; cash impact $29-44M, non-cash $58-62M.
Plan follows sale of Philippines and Lake Providence sites at end of 2025; aims to optimize global manufacturing footprint.
CEO Luis Rojo says plan partially offsets inflationary pressures and supports strategic investments for growth.

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