$65.210
+0.443 (+0.68%)收盘时
SCL 资讯
SCL 事件
Stepan Company Declares $0.405 Quarterly Cash Dividend
The Board of Directors of Stepan Company has declared a quarterly cash dividend on the Company's common stock of 40.5c per share. The dividend is payable on December 15 to common stockholders of record on December 1. The Company increased its quarterly cash dividend in the Q4 by 1c per share, marking the 59th consecutive year that the Company has increased its cash dividend to stockholders.
Q3 Revenue Reaches $692.15M, Up 17% Year-over-Year
Reports Q3 revenue $692.15M vs. $590.28M last year. "Quarterly earnings were up significantly, driven by improved results in all three segments. Q3 quarter adjusted EBITDA of $66.3M, was up 18% year-over-year due to global volume growth, margin recovery and Project Catalyst savings. Surfactant adjusted EBITDA was up 27% in the quarter and Polymers grew single digits including one time maintenance costs. Specialty Products adjusted EBITDA was up 5% driven by double digit volume growth," said Luis E. Rojo, President and CEO. "Surfactant organic sales volume was up 8% and Polymer sales volume was up 3% in the quarter. The Surfactant volume growth was broad-based and across most end markets. Within Polymers, the North American Rigid, Spray Foam and Phthalic Anhydride businesses delivered double digit volume growth. We are pleased with the growth we achieved in several of our key strategic end markets despite ongoing global economic uncertainties and supply chain disruptions. We executed the organizational redesign phase of Project Catalyst during the quarter in line with expectations."
Company Expects Adjusted EBITDA Growth in 2026
"We believe we are positioned to continue delivering growth and executing on our diversification strategy. Project Catalyst, which is our comprehensive plan designed to further optimize our asset base and create a more productive and agile organization, is contributing to this growth," said Luis E. Rojo, President and CEO. "Despite the ongoing and significant market uncertainties and challenges, the organization continues to be focused on executing our growth opportunities, productivity plans and cash interventions. With these actions and the strong first nine-month results, we believe we will deliver full year Adjusted EBITDA growth, positive free cash flow and continue to de-leverage the balance sheet in 2026."
Stepan CEO Outlines 2026 EBITDA Growth Outlook
Stepan CEO Luis Rojo provided an operational outlook. "We are executing on Project Catalyst, which is our comprehensive plan designed to further optimize our asset base and create a more productive and agile organization to enable growth. During Q1 we executed our plans to close our Fieldsboro, NJ site and decommission select assets at our Millsdale, IL and Stalybridge, UK facilities," said CEO Luis Rojo. "We believe we are positioned to continue delivering growth in all our key strategic businesses such as Crop Productivity, Oilfield, Tier 2/3 Surfactants and North American Polymers. With our actions on growth, productivity and cash, we believe we will deliver full year Adjusted EBITDA growth, positive free cash flow and continue to de-leverage the balance sheet in 2026, despite the ongoing and significant market uncertainties and challenges."
Company Reports Q1 Revenue of $604.51M
Reports Q1 revenue $604.51M vs. $593.26M last year. "We are executing Project Catalyst safely and in line with expectations despite early quarter weather-related impacts and the new geopolitical challenges. Global adjusted EBITDA was down $7.9M, or 14%, driven by our Surfactants business. Specialty Products volume was up 30% versus prior year while EBITDA was down due to product mix and higher raw material costs," said CEO Luis Rojo. "On a total Company basis, organic net sales, which exclude the impact of the asset divestiture in the Philippines, were up 4% and organic sales volume was flat year-over-year. Strong growth in Crop Productivity, Oilfield and Industrial Cleaning was offset by European Polymers volume. We are pleased with the growth we achieved in several of our key strategic end markets despite ongoing global economic uncertainties and supply chain disruptions. We are continuing our efforts to further optimize our asset base and create a more productive and agile organization to enable balanced growth."
本页仅供研究参考，不构成投资建议。模型可能出错。过往表现不代表未来结果。