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SCL Stepan

Stepan Company is a manufacturer of specialty chemicals headquartered in Northfield, Illinois. The company was founded in 1932 by Alfred C. Stepan, Jr., and has approximately 2,000 employees. It is currently run by his grandson, F. Quinn Stepan, Jr. The company describes itself as the largest global merchant manufacturer of anionic surfactants, which are used to enhance the foaming and cleaning capabilities of detergents, shampoos, toothpastes, and cosmetics. In its earliest days, Stepan Company was just Alfred C. Stepan Jr., who began distributing chemical products to control road dust on country roads in Illinois. His first location was a rented desk at Chicago’s North Pier Terminal.

Company profile

Ticker
SCL
Exchange
Website
CEO
Frank Stepan
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
361823834

SCL stock data

(
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Calendar

6 May 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Stepan earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 150.69M 150.69M 150.69M 150.69M 150.69M 150.69M
Cash burn (monthly) 66.42M 8.64M (positive/no burn) (positive/no burn) 3.9M (positive/no burn)
Cash used (since last report) 163.89M 21.31M n/a n/a 9.62M n/a
Cash remaining -13.19M 129.38M n/a n/a 141.07M n/a
Runway (months of cash) -0.2 15.0 n/a n/a 36.2 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 May 21 Mergner Arthur W Common Stock Sell Dispose S No No 133.819 2,251 301.23K 19,954.305
25 May 21 Mergner Arthur W Common Stock Payment of exercise Dispose F No No 134.395 1,791 240.7K 22,205.305
25 May 21 Mergner Arthur W Common Stock Sale back to company Dispose D No No 134.395 1,958 263.15K 23,996.305
25 May 21 Mergner Arthur W Common Stock Option exercise Aquire M No No 43.85 6,000 263.1K 25,954.305
25 May 21 Mergner Arthur W Stock Appreciation Right Common Stock Option exercise Dispose M No No 43.85 6,000 263.1K 6,262
10 May 21 Rojo Luis Common Stock Sell Dispose S No No 137.7 1,000 137.7K 2,210
10 May 21 Scott R. Behrens Common Stock Sell Dispose S No No 138.316 1,006 139.15K 11,251.761
10 May 21 Scott R. Behrens Common Stock Payment of exercise Dispose F No No 138.5 624 86.42K 12,257.761
10 May 21 Scott R. Behrens Common Stock Sale back to company Dispose D No No 138.5 1,817 251.65K 12,881.761
10 May 21 Scott R. Behrens Common Stock Option exercise Aquire M No No 72.99 3,447 251.6K 14,698.761

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

75.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 208 224 -7.1%
Opened positions 21 36 -41.7%
Closed positions 37 15 +146.7%
Increased positions 77 69 +11.6%
Reduced positions 70 80 -12.5%
13F shares
Current Prev Q Change
Total value 2.16B 2.06B +5.0%
Total shares 16.99M 17.24M -1.5%
Total puts 1.9K 11.39K -83.3%
Total calls 17.4K 68.3K -74.5%
Total put/call ratio 0.1 0.2 -34.5%
Largest owners
Shares Value Change
BLK Blackrock 3.49M $444.05M +5.2%
Vanguard 2.36M $300.23M +2.5%
HighTower Advisors 1.99M $252.87M +0.4%
STT State Street 1.3M $165.74M +6.2%
Dimensional Fund Advisors 1.02M $130.2M -3.8%
BK Bank Of New York Mellon 432.83K $55.02M +2.3%
WHG Westwood 388.44K $49.38M +21.2%
Geode Capital Management 386.66K $49.15M +7.8%
Wellington Management 322.22K $40.96M -7.0%
NTRS Northern Trust 310.44K $39.46M -13.5%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -357.88K EXIT
BLK Blackrock 3.49M +173.23K +5.2%
STT State Street 1.3M +75.63K +6.2%
WHG Westwood 388.44K +67.91K +21.2%
Renaissance Technologies 57.4K -65.6K -53.3%
Vanguard 2.36M +58.61K +2.5%
Arrowstreet Capital, Limited Partnership 78.09K -49.82K -39.0%
NTRS Northern Trust 310.44K -48.59K -13.5%
NFJ Investment 46.72K +46.72K NEW
Southernsun Asset Management 244.61K +46.09K +23.2%

Financial report summary

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Management Discussion
  • Net income attributable to the Company for the first quarter of 2021 increased 47 percent to $40.6 million, or $1.74 per diluted share, from $27.5 million, or $1.18 per diluted share, for the first quarter of 2020. Adjusted net income increased 75 percent to $42.4 million, or $1.82 per diluted share, from $24.2 million, or $1.04 per diluted share in 2020 (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 2021 compared to the first quarter of 2020.  A detailed discussion of segment operating performance for the first quarter of 2021 compared to the first quarter of 2020 follows the summary.
Content analysis
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