Stepan Co.: 2Q Earnings Snapshot
NORTHFIELD, Ill. (AP) _ Stepan Co. (SCL) on Wednesday reported second-quarter earnings of $30.2 million.
The Northfield, Illinois-based company said it had net income of $1.30 per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.50 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The specialty chemicals company posted revenue of $473 million in the period.
Stepan Co. shares have risen 27% since the beginning of the year. The stock has risen 16% in the last 12 months.