secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0001564590-21-051175
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan Q3 adj EPS flat at $1.57; raises dividend 9.8% to $0.335; plans $220M Texas plant
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- Q3 adj net income $36.4M ($1.57/sh) flat YoY; reported net income $36.9M ($1.59/sh) up 11%.
- Surfactant op income down 16% to $34.5M; Polymer down 12% to $19.8M on supply chain disruptions.
- Board approved 9.8% dividend increase to $0.335/sh quarterly, marking 54th consecutive year of increases.
- Board authorized $150M share repurchase program, superseding prior authorization; no expiration date.
- Plans $220M investment in new alkoxylation plant at Pasadena, TX (75K mt/yr capacity), expected online late 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000156459021051175/0001564590-21-051175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000156459021051175/scl-8k_20211020.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-051175

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