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Stepan (SCL)

Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.

Company profile

Ticker
SCL
Exchange
Website
CEO
Frank Stepan
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
North Pier Insurance Company • Stepan Asia Pte. Ltd. • Stepan Canada Sales Inc. • Stepan CDMX, S. de R.L. de C.V. • Stepan Chemical (Nanjing) Co., Ltd. • Stepan Chemical (Shanghai) Co., Ltd. • Stepan Colombia S.A.S. • Stepan Deutschland GmbH • Stepan Europe S.A.S. • Stepan Holdings Asia Pte. Ltd. ...
IRS number
361823834

SCL stock data

Calendar

5 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 236.04M 236.04M 236.04M 236.04M 236.04M 236.04M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 6.98M (no burn)
Cash used (since last report) n/a n/a n/a n/a 20.02M n/a
Cash remaining n/a n/a n/a n/a 216.02M n/a
Runway (months of cash) n/a n/a n/a n/a 31.0 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Apr 22 Lorinda Burgess Common Stock Grant Acquire A No No 0 1,249 0 2,009
26 Apr 22 Dearth Randall S. Common Stock Grant Acquire A No No 0 1,249 0 9,475
26 Apr 22 Lawton Gregory E Common Stock Grant Acquire A No No 0 1,249 0 16,963
26 Apr 22 Reed Jan Stern Common Stock Grant Acquire A No No 0 1,249 0 8,690
26 Apr 22 F Quinn Stepan JR Common Stock Grant Acquire A No No 0 1,249 0 187,628.465
76.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 202 208 -2.9%
Opened positions 22 32 -31.3%
Closed positions 28 28
Increased positions 72 75 -4.0%
Reduced positions 72 62 +16.1%
13F shares Current Prev Q Change
Total value 1.69B 2.14B -20.7%
Total shares 17.15M 17.21M -0.4%
Total puts 8K 2K +300.0%
Total calls 17.1K 17.5K -2.3%
Total put/call ratio 0.5 0.1 +309.4%
Largest owners Shares Value Change
BLK Blackrock 3.73M $368.95M +3.1%
Vanguard 2.48M $245.09M +0.6%
HighTower Advisors 1.99M $196.65M -0.0%
STT State Street 1.73M $170.96M +9.6%
Dimensional Fund Advisors 1.01M $99.59M +0.9%
WHG Westwood 624.93K $61.75M +13.9%
Geode Capital Management 367.86K $36.35M -6.9%
Southernsun Asset Management 353.92K $34.97M +14.6%
BK Bank Of New York Mellon 342.19K $33.81M -0.5%
NTRS Northern Trust 294.82K $29.13M -1.1%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -186.88K EXIT
STT State Street 1.73M +151.93K +9.6%
TROW T. Rowe Price 12.83K -148.04K -92.0%
Millennium Management 10.35K -128.35K -92.5%
BLK Blackrock 3.73M +112.11K +3.1%
WHG Westwood 624.93K +76.39K +13.9%
Kennedy Capital Management 2.53K -50.68K -95.3%
Southernsun Asset Management 353.92K +45.17K +14.6%
Assenagon Asset Management 66.52K +42.37K +175.4%
Renaissance Technologies 44.7K +41.2K +1177.1%

Financial report summary

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Risks
  • The COVID-19 pandemic has had and could continue to have a material adverse impact on our business, financial position, results of operations and cash flows.
  • Chemical manufacturing is inherently hazardous and may result in accidents or may require planned or unplanned production slowdowns or shutdowns, which may disrupt our operations or expose us to significant losses or liabilities that may have a material impact on our business, financial position, results of operations and cash flows.
  • The Company relies heavily on third-party transportation to deliver raw materials to Company manufacturing facilities and ship products to Company customers. Disruptions in transportation or significant changes in transportation costs have affected and could continue to affect the Company’s business, financial position, results of operations and cash flows.
  • Conflicts, military actions, terrorist attacks and general instability, particularly in certain energy-producing nations, along with increased security regulations related to our industry, could adversely affect the Company’s business.
  • Customer product reformulations or new technologies can reduce the demand for the Company’s existing products, and the Company may not be successful in developing or introducing new products.
  • To the extent the Company seeks acquisition opportunities, it may not be able to make acquisitions of suitable candidates or integrate acquisitions successfully.
  • The Company faces significant global competition in each of its operating segments. If the Company cannot successfully compete in the marketplace, its business, financial position, results of operations and cash flows may be materially and adversely affected.
  • Downturns in certain industries, in some cases driven by consumer preferences, and general economic downturns may have an adverse effect on the Company’s business, financial position, results of operations and cash flows.
  • If the Company is unable to protect its intellectual property rights, the Company’s ability to compete may be negatively impacted.
  • The Company is subject to a variety of environmental, health and safety and product registration laws dealing with the production and sale of chemicals that could require us to incur additional costs or to reformulate or discontinue certain of our products, or expose us to liability or enforcement actions.
  • Various liability claims could materially and adversely affect the Company’s financial position, operating results and cash flows.
  • The Company’s failure to comply with the anti-corruption laws of the United States and various international jurisdictions could negatively impact its reputation and results of operations.
  • The international scope of the Company’s operations and corporate structure may expose the Company to potentially adverse tax consequences.
  • Fluctuations in foreign currency exchange rates could affect Company financial results.
  • The Company could be adversely affected by downgrades to its credit ratings or disruptions in its ability to access well-functioning credit markets.
  • The Company has a significant amount of indebtedness and may incur additional indebtedness, or need to refinance existing indebtedness, in the future, which may adversely affect the Company’s business, financial position, results of operations and cash flows.
  • The Company relies extensively on information technology (IT) systems to conduct its business. Interruption of, damage to or compromise of the Company’s IT systems and failure to maintain the integrity of customer, colleague or Company data could harm the Company’s reputation and have an adverse effect on the Company’s business, financial position, results of operations and cash flows.
  • The Company’s success depends on its executive management and other key personnel.
Management Discussion
  • Net income attributable to the Company in the first quarter of 2022 increased 10 percent to $44.8 million, or $1.93 per diluted share, from $40.6 million, or $1.74 per diluted share, in the first quarter of 2021. Adjusted net income declined four percent to $40.7 million, or $1.76 per diluted share, from $42.4 million, or $1.82 per diluted share in 2021 (see the “Reconciliation of Non-GAAP Adjusted Net Income and Diluted Earnings per Share” section of this MD&A for a reconciliation between reported net income attributable to the Company and reported earnings per diluted share and non-GAAP adjusted net income and adjusted earnings per diluted share). Below is a summary discussion of the major factors leading to the changes in net sales, expenses and income in the first quarter of 2022 compared to the first quarter of 2021.  A detailed discussion of segment operating performance for the first quarter of 2022 compared to the first quarter of 2021 follows the summary.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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