Benzinga | Jul 22, 2020 07:16AM EDT

Stepan: Q2 Earnings Insights

Shares of Stepan (NYSE:SCL) rose 0.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 10.00% over the past year to $1.65, which beat the estimate of $1.20.

Revenue of $460,549,000 decreased by 2.63% year over year, which beat the estimate of $451,330,000.

Outlook

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

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

Details Of The Call

Date: Jul 22, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/sodouij2

Technicals

52-week high: $105.87

Company's 52-week low was at $69.33

Price action over last quarter: Up 13.14%

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.