earnings
confidence high
sentiment neutral
materiality 0.65
Stepan Q1: reported EPS $1.93, adj. EPS $1.76; revenue $675M (+26% YoY); Polymer hit by outage
STEPAN CO
2022-Q1 EPS reported
$1.93
revenue$675,276,000
- Reported net income record $44.8M ($1.93/diluted share); adjusted net income $40.7M ($1.76) vs $42.4M ($1.82) prior year.
- Net sales $675.3M, up 26% YoY on higher selling prices; sales volume flat.
- Polymer operating income $14.1M (-21%) due to Millsdale power outage, estimated $5M pre-tax impact; force majeure lifted April 15.
- Surfactant operating income $53.8M (record, +1%); Specialty Products $3.7M (+40%).
- Quarterly dividend $0.335/share declared, payable June 15, 2022; full-year capex expected $350-375M.