secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001564590-22-015511
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan Q1: reported EPS $1.93, adj. EPS $1.76; revenue $675M (+26% YoY); Polymer hit by outage
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000156459022015511/0001564590-22-015511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000156459022015511/scl-8k_20220426.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-015511

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