Stepan posts record Q2 net income of $52.1M; EPS $2.26, revenue up 26%

STEPAN CO

2022-Q2 EPS reported $4.19 revenue$1,426,909,000

Adjusted net income record $53.0M ($2.30 diluted EPS) vs $42.2M ($1.81) a year ago.
Surfactant segment operating income $48.2M (+5%); Polymer $33.9M (+47%); Specialty $9.9M (+41%).
Quarterly dividend of $0.335 per share declared, payable Sept 15, record Aug 31 (unchanged rate).
Company repurchased $7.0M of stock in Q2; $133M remaining under buyback authorization.
Full-year capex guidance raised to $350–375M; new alkoxylation facility in Pasadena, TX advancing.

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