Recap: Stepan Q3 Earnings

Shares of Stepan SCL were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 30.00% over the past year to $1.56, which beat the estimate of $1.40.

Revenue of $464,480,000 up by 2.86% from the same period last year, which beat the estimate of $455,100,000.

Outlook

Stepan hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 21, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/hmo7wvru

Technicals

Company's 52-week high was at $118.82

Company's 52-week low was at $69.33

Price action over last quarter: Up 6.10%

Company Description

Stepan Co manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The surfactants segment, which generates the majority of revenue, sells cleaning agents used in detergents, shampoos, body wash, fabric softeners, toothpastes, and other personal-care products. Surfactants are chemical agents that affect the interaction between two surfaces. The polymers segment sells polyurethane used to manufacture rigid foam for thermal insulation, as well as phthalic anhydride used to make plastic components for the construction, automotive, and boating industries. The specialty products segment sells chemicals used in food and flavoring. Most of Stepan's revenue comes from the United States.