Stepan posts record Q2 net income $43.3M, EPS $1.85; Polymer op income up 48%

STEPAN CO

2021-Q2 EPS reported $3.59 revenue$1,133,251,000

Record Q2 net income $43.3M ($1.85 diluted EPS) vs $35.7M ($1.54) a year ago; adjusted EPS $1.81.
Revenue $595.5M, up 29% YoY on 5% volume growth and 20% price/mix improvement.
Polymer operating income $23.0M, up 48% on 44% volume growth including INVISTA acquisition.
Surfactant operating income $45.9M, down 5% due to higher supply chain costs and lower consumer demand.
Quarterly dividend declared $0.305 per share, payable Sept 15, 2021 to holders of record Aug 31, 2021.

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