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Stepan Company (SCL)
:SCL
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.33Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -12.43%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive financial performance in the Surfactant segment and strategic leadership changes, but also highlighted ongoing challenges in the Polymers segment and specific one-time events impacting results. While the company showed strong adjusted net income growth and a commitment to shareholder returns through dividend increases, sluggish demand in the polymers business and a significant fraud event were notable concerns.Company Guidance
During the third quarter 2024 earnings call for Stepan Company, a variety of metrics and strategic priorities were discussed. The company reported an adjusted EBITDA of $53 million for the quarter, marking an 11% increase from the previous year, primarily driven by improved volumes and margins in the Surfactants business, despite a 1% decline in global sales volume. Adjusted net income rose significantly to $23.7 million or $1.03 per diluted share, representing a 61% year-over-year increase. The quarter also saw a free cash flow of $7 million for the first nine months, with a projection of closing the year with positive free cash flow. Additionally, the company is on track to achieve its $50 million cost reduction goal for 2024. Dividends paid during the quarter amounted to $8.4 million, with a quarterly cash dividend increase of 2.7% to $0.385 per share. The Polymers segment faced challenges, reporting a 12% decrease in net sales and a 21% drop in adjusted EBITDA due to sluggish demand and competitive pressures, while Specialty Products saw a 33% rise in adjusted EBITDA despite a decline in sales volume and net sales. The effective tax rate for 2024 is projected to be between 19% and 20%. Lastly, the company's new alkoxylation production facility in Pasadena, Texas, is nearing completion and expected to start operations in December, contributing fully by the second half of 2025.Adjusted EBITDA Growth
The company reported third quarter adjusted EBITDA of $53 million, up 11% versus the prior year, driven by improved volumes and margins in the Surfactant business.
Increase in Adjusted Net Income
Third quarter 2024 adjusted net income was $23.7 million or $1.03 per diluted share, representing a 61% increase year-over-year.
Dividend Increase
The Board of Directors declared a quarterly cash dividend of $0.385 per share, a 2.7% increase, marking the 57th consecutive year of dividend increases.
Surfactant Segment Performance
Surfactant net sales were $383 million, a 2% increase versus the prior year with volume up 3%, driven by double-digit growth in several end markets.
Positive Free Cash Flow
Free cash flow for the first 9 months of the year was $7 million, with expectations to close 2024 with positive cash flow.
Strategic Leadership Appointment
Luis Rojo was appointed as the company's President and CEO, bringing strategic leadership and a strong financial mindset to the role.
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SCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $72.59 | $74.07 | +2.04% |
| Jul 31, 2024 | $89.15 | $83.80 | -6.00% |
| Apr 30, 2024 | $83.33 | $81.81 | -1.82% |
| Feb 20, 2024 | $91.40 | $89.26 | -2.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stepan Company (SCL) report earnings?
Stepan Company (SCL) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Stepan Company (SCL) earnings time?
Stepan Company (SCL) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SCL EPS forecast?
SCL EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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