earnings
confidence high
sentiment neutral
materiality 0.70
Stepan reports Q4 net income down 44% YoY; record full year 2021 earnings
STEPAN CO
2021-FY EPS reported
$5.92
revenue$2,345,966,000
- Q4 net income $17.0M ($0.73 diluted EPS) vs $30.4M ($1.30) prior year; adjusted EPS $0.97 vs $1.42.
- Record full year net income $137.8M ($5.92 EPS) up 9% YoY; adjusted net income $143.5M ($6.16) up 8%.
- Q4 net sales $610M (+23% YoY); full year $2.35B (+25%) on higher selling prices and volume.
- Surfactant op income -25% in Q4, Polymer -44%; supply chain disruptions cost $7M in Q4, $21M for full year.
- Board declared $0.335/share quarterly dividend (+$0.03 from prior), payable March 15; 54th consecutive annual increase.