Highest-materiality recent filing
Stepan Q1 net loss $41.4M on $65.4M restructuring charge; adj. EBITDA down 14%
Net loss of $1.81/diluted share vs $0.86 income in prior year; adj. EPS $0.45 down 46%.
Stepan Q4 adj. net loss; launches Project Catalyst for $100M savings
Q4 2025 adj. net loss $0.5M vs prior year adj. income $2.8M; adj. EPS ($0.02).
Stepan announces Project Catalyst restructuring targeting $100M pre-tax savings
Project Catalyst targets approximately $100M in pre-tax savings over two years.
Stepan Q3 net income falls 54% to $10.8M; adjusted EBITDA up 6%, dividend raised
Q3 net income $10.8M (-54% YoY); adjusted EPS $0.48 vs $1.03; revenue $590.3M (+8% on higher prices/mix).
Stepan Q2 2025 net income $11.3M (+19%), adj EPS $0.52, revenue +7%
Net income $11.3M ($0.50 diluted EPS); adjusted net income $12.0M ($0.52 adj EPS), up 27% YoY.
Stepan Q1 net income up 42% to $19.7M; adjusted EPS $0.84, volume up 4%
Net income $19.7M (diluted EPS $0.86), up 42% YoY; adjusted net income $19.3M ($0.84), up 32%.
Stepan Q4 adj. EPS $0.12, down 64%; full-year adj. EBITDA up 4%, Polymers weak
Q4 reported net income $3.4M vs prior-year loss of $1.2M; adjusted net income $2.8M (-63%).
Stepan CEO Scott Behrens separation: $2.82M severance, equity acceleration, 18-month non-compete
Cash severance of $2,820,000 paid in equal installments over 18 months.
Stepan promotes CFO Luis Rojo to President and CEO; Scott Behrens departs
Luis Rojo appointed President and CEO effective immediately, succeeding Scott Behrens after 31 years.
Stepan Q3 net income $23.6M (+88% YoY), increases dividend for 57th straight year
Net income $23.6M ($1.03 diluted EPS) vs $12.6M ($0.55) prior year; adjusted net income $23.7M (+61%).
Stepan Q2 net income falls 25% to $9.5M; criminal fraud charge and Millsdale flood weigh
Net income $9.5M ($0.42 diluted EPS), down 25% YoY; adjusted net income $9.4M down 22%.
Net income $13.9M ($0.61 EPS); adjusted net income $14.7M ($0.64 EPS), down 11% YoY.
Stepan posts Q4 net loss $1.2M; adjusted EPS $0.33 vs $0.59; revenue down 15%
Net loss $1.2M (-$0.05 diluted) vs net income $10.8M ($0.47) in Q4 2022; adjusted net income $7.5M ($0.33) vs $13.5M ($0.59).
Stepan Q3 net income falls 68% to $0.55 EPS; dividend raised to $0.375
Q3 reported net income $12.6M ($0.55 EPS) vs $39.4M ($1.71 EPS) YoY; adjusted net income $14.7M ($0.64 EPS) vs $46.3M ($2.01 EPS).
Stepan Q2 net income falls 76% to $0.55 EPS; sales volume down 19% YoY
Net income of $12.7M ($0.55 diluted) vs. $52.1M ($2.26) a year ago; adjusted EPS $0.53.
Stepan Q1 net income falls 64% to $16.1M ($0.70 EPS); sales volume down 14%
Reported EPS $0.70 vs $1.93 prior year; adjusted EPS $0.71 vs $1.76.
Stepan Q4 EPS $0.47 miss; record FY22 EPS $6.38; cautious 2023 outlook
Q4 net income $10.8M ($0.47 diluted) down 36% YoY; adjusted net income $13.5M ($0.59).
Stepan posts record Q3 net income $39.4M; raises dividend 9% for 55th consecutive year
Record Q3 net income $39.4M ($1.71 diluted EPS); adjusted $46.3M ($2.01), up 27% YoY.
Stepan posts record Q2 net income of $52.1M; EPS $2.26, revenue up 26%
Adjusted net income record $53.0M ($2.30 diluted EPS) vs $42.2M ($1.81) a year ago.
Stepan Q1: reported EPS $1.93, adj. EPS $1.76; revenue $675M (+26% YoY); Polymer hit by outage
Reported net income record $44.8M ($1.93/diluted share); adjusted net income $40.7M ($1.76) vs $42.4M ($1.82) prior year.
F. Quinn Stepan, Jr. retires as CEO effective April 25, 2022; remains Chairman.
Stepan reports Q4 net income down 44% YoY; record full year 2021 earnings
Q4 net income $17.0M ($0.73 diluted EPS) vs $30.4M ($1.30) prior year; adjusted EPS $0.97 vs $1.42.
Stepan Q3 adj EPS flat at $1.57; raises dividend 9.8% to $0.335; plans $220M Texas plant
Q3 adj net income $36.4M ($1.57/sh) flat YoY; reported net income $36.9M ($1.59/sh) up 11%.
Stepan posts record Q2 net income $43.3M, EPS $1.85; Polymer op income up 48%
Record Q2 net income $43.3M ($1.85 diluted EPS) vs $35.7M ($1.54) a year ago; adjusted EPS $1.81.
the Board increased the size of the Board by one to a total of eight Directors and appointed Corning Painter as a Director, effective immediately.
In connection with Mr. Kabbes’ retirement, the Company and Mr. Kabbes entered into a professional services and consulting agreement, effective as of March 14, 2025
Effective upon Mr. Wehmer’s retirement from the Board, the size of the Company’s Board will be reduced from eight to seven directors and Randall S. Dearth will succeed Mr. Wehmer as Lead Independent Director.
On February 18, 2025, Edward J. Wehmer, a member of Board of Directors (the “Board”) of Stepan Company (the “Company”), notified the Board of his decision to retire from the Board, effective as of the 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”), which is scheduled for April 29, 2025.
On January 29, 2025, Stepan Company (the "Company") announced that David G. Kabbes, Vice President, General Counsel and Secretary, will retire from the Company effective March 14, 2025.
On October 30, 2024, Stepan Company (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Luis E. Rojo as President and Chief Executive Officer and as a member of the Board with a term expiring at the annual meeting to be held in 2025, effective immediately, succeeding Scott R. Behrens, who is departing the Company to pursue other opportunities.
On October 30, 2024, Stepan Company (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Luis E. Rojo as President and Chief Executive Officer and as a member of the Board with a term expiring at the annual meeting to be held in 2025, effective immediately, succeeding Scott R. Behrens, who is departing the Company to pursue other opportunities.
the Board appointed Samuel S. Hinrichsen to serve as Vice President and Interim Chief Financial Officer of the Company, in addition to continuing his current role as the Company’s Global Director of Finance, until such time as a permanent replacement is named.
On February 15, 2024, the Board of Directors (the “Board”) of Stepan Company (the “Company”) increased the size of the Board by one to a total of eight Directors and elected Susan M. Lewis as a Director.
The Company is filing this amendment to the Original Form 8-K to disclose that the effective date of Mr. Mergner's retirement has changed to July 3, 2023.
Effective as of May 1, 2023, Robert Haire will succeed Mr. Mergner in the position of Executive Vice President, Supply Chain of the Company.
Effective as of June 30, 2023, Arthur W. Mergner, Executive Vice President, Supply Chain, will retire from Stepan Company (the “Company”) after more than 34 years of service to the Company.
Max materiality 0.85 · Median 0.65 · Most common event earnings