SCL Stepan Co.
Stepan Co. engages in the manufacture and sale of specialty and intermediate chemicals. It operates through the following segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers a range of surfactant chemicals such as anionic, cationic, nonionic, and amphoteric surfactants. The Polymers segment produces polyester polyols and phthalic anhydride. The Specialty Products are chemicals used in food, flavoring, nutritional supplement and pharmaceutical applications. The company was founded by Alfred C. Stepan Jr. in 1932 and is headquartered in Northfield, IL.
Company profile
Ticker
SCL
Exchange
Website
CEO
F. Quinn Stepan
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
361823834
SCL stock data
()
Calendar
30 Apr 20
11 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 449.99M | 444.99M | 451.58M | 473M | |
| Net income | 27.54M | 22.03M | 25.88M | 30.21M | |
| Diluted EPS | 1.18 | 0.95 | 1.11 | 1.3 | |
| Net profit margin | 6.12% | 4.95% | 5.73% | 6.39% | |
| Operating income | 40M | 28.49M | 27.97M | 41.07M | |
| Net change in cash | -61.04M | 29.39M | 10.73M | 5.81M | |
| Cash on hand | 254.34M | 315.38M | 286M | 275.27M | |
| Cost of revenue | 370.72M | 360.25M | 374.18M | 380.04M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 1.86B | 1.99B | 1.93B | 1.77B | |
| Net income | 103.1M | 111.11M | 100.74M | 86.2M | |
| Diluted EPS | 4.42 | 4.76 | 4.31 | 3.73 | |
| Net profit margin | 5.55% | 5.57% | 5.23% | 4.88% | |
| Operating income | 127.26M | 149.27M | 154.84M | 127.83M | |
| Net change in cash | 15.19M | 1.3M | 73.15M | 49.6M | |
| Cash on hand | 315.38M | 300.19M | 298.89M | 225.74M | |
| Cost of revenue | 1.52B | 1.65B | 1.58B | 1.43B |
Financial data from Stepan earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 Jul 20 | Edward J Wehmer | Stock Awards Common Stock | Grant | Aquire A | No | 97.1 | 36 | 3.5K | 12,719 |
| 1 Jul 20 | Dearth Randall S. | Stock Units Common Stock | Grant | Aquire A | No | 97.1 | 3 | 291.3 | 1,254 |
| 1 Jul 20 | Lawton Gregory E | Stock Awards Common Stock | Grant | Aquire A | No | 97.1 | 16 | 1.55K | 5,701 |
| 1 Jul 20 | Boyce Michael Ross | Stock Awards Common Stock | Grant | Aquire A | No | 97.1 | 2 | 194.2 | 748 |
| 15 Jun 20 | F Quinn Stepan JR | Common Stock | Grant | Aquire A | No | 96.08 | 532.294 | 51.14K | 192,392.652 |
| 15 Jun 20 | F Quinn Stepan JR | Share Units Common Stock | Grant | Aquire A | No | 96.08 | 290.038 | 27.87K | 101,623.989 |
Institutional ownership Q1 2020
74.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 169 |
| Opened positions | 16 |
| Closed positions | 37 |
| Increased positions | 50 |
| Reduced positions | 79 |
13F shares |
Current |
|---|---|
| Total value | 4.26B |
| Total shares | 16.79M |
| Total puts | 11.5K |
| Total calls | 75.4K |
| Total put/call ratio | 0.2 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 3.03M | $267.83M |
| Vanguard | 2.37M | $209.61M |
| HighTower Advisors | 1.98M | $175.24M |
| STT State Street | 1.42M | $125.18M |
| Dimensional Fund Advisors | 1.09M | $96.63M |
| Wellington Management | 560.61K | $49.59M |
| BK Bank Of New York Mellon | 420.77K | $37.22M |
| NTRS Northern Trust | 376.06K | $33.27M |
| Renaissance Technologies | 370.9K | $32.81M |
| Geode Capital Management | 336.38K | $29.76M |
Financial report summary
?Management Discussion
- Net income attributable to the Company for the first quarter of 2020 increased 10 percent to $27.5 million, or $1.18 per diluted share, from $25.0 million, or $1.07 per diluted share, for the first quarter of 2019. Adjusted net income decreased 21 percent to $24.2 million, or $1.04 per diluted share, from $30.6 million, or $1.31 per diluted share in 2019 (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 quarter-over-quarter changes in net sales, profits and expenses. A detailed discussion of segment operating performance for the first quarter of 2020 compared to the first quarter of 2019 follows the summary.
Content analysis
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H.S. freshman Avg
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New words:
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Removed:
account, accrual, adjust, ASC, assumption, BASF, carried, close, closed, comparability, consumption, deliver, direct, diversification, Error, expanded, expedient, explicitly, extremely, favorably, FIFO, flavor, flow, growing, guard, historically, identification, implicitly, improvement, initial, intangible, language, laundry, LIFO, located, machinery, maintained, matching, Mexicana, minimal, opening, optimistic, originally, partly, pertaining, physical, practical, preferable, previously, priced, principle, public, purpose, qualitative, quantitative, recognizing, remediating, replaced, responsibility, retrospective, retrospectively, separate, space, square, substantially, title, unfavorably, valuation, warehouse, winter
Financial reports
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
27 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
10-Q
2018 Q2
Quarterly report
1 Aug 18
10-Q
2018 Q1
Quarterly report
1 May 18
10-K
2017 FY
Annual report
27 Feb 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
24 Apr 20
8-K
Stepan Reports First Quarter Earnings
21 Apr 20
8-K
Stepan Reports Fourth Quarter and Full Year 2019 Results
20 Feb 20
8-K
Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics
20 Dec 19
8-K
Amendments to Articles of Incorporation or Bylaws
25 Oct 19
8-K
Stepan Reports Third Quarter Results and Nine Month Earnings
23 Oct 19
8-K
Stepan Reports Second Quarter Results and First Half Earnings
24 Jul 19
8-K
Regulation FD Disclosure
24 May 19
8-K
Departure of Directors or Certain Officers
6 May 19
8-K
Stepan Reports First Quarter Earnings
30 Apr 19
Registration and prospectus
25-NSE
Exchange delisting
9 Aug 13
25
Voluntary exchange delisting
25 Mar 13
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Feb 13
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Feb 13
S-8
Registration of securities for employees
3 May 11
S-8
Registration of securities for employees
27 Apr 06
S-8
Registration of securities for employees
22 Jun 00
8-A12B
Registration of securities on exchange
4 Mar 96
S-8
Registration of securities for employees
6 Jan 95
Proxies
DEF 14A
Definitive proxy
20 Mar 20
DEF 14A
Definitive proxy
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 18
DEF 14A
Definitive proxy
24 Mar 17
DEF 14A
Definitive proxy
24 Mar 16
DEF 14A
Definitive proxy
26 Mar 15
DEF 14A
Definitive proxy
27 Mar 14
DEF 14A
Definitive proxy
27 Mar 13
PRE 14A
Preliminary proxy
7 Mar 13
DEF 14A
Definitive proxy
22 Mar 12
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
31 May 16
SD
Conflict minerals disclosure
27 May 15
SD
Conflict minerals disclosure
30 May 14
UPLOAD
Letter from SEC
9 Nov 10
CORRESP
Correspondence with SEC
26 Oct 10
UPLOAD
Letter from SEC
13 Oct 10
Ownership
4
STEPAN / Michael Ross Boyce ownership change
6 Jul 20
4
STEPAN / GREGORY E LAWTON ownership change
6 Jul 20
4
STEPAN / Randall S. Dearth ownership change
6 Jul 20
4
STEPAN / EDWARD J WEHMER ownership change
6 Jul 20
4
STEPAN / F QUINN STEPAN JR ownership change
17 Jun 20
4
STEPAN / Luis Rojo ownership change
17 Jun 20
4
STEPAN / Sean Thomas Moriarty ownership change
17 Jun 20
4
STEPAN / Arthur W Mergner ownership change
17 Jun 20
4
STEPAN / Janet Anne Catlett ownership change
17 Jun 20
4
STEPAN / Scott R. Behrens ownership change
17 Jun 20
Patents
APP
Utility
Hardness and Flatness Tester
9 Jul 20
Methods and systems for determining the integrity of a manufactured board are disclosed.
GRANT
Utility
Agricultural compositions with reduced aquatic toxicity
30 Jun 20
Agricultural compositions having reduced aquatic toxicity are disclosed.
APP
Utility
Corrosion Inhibitors for Oilfield Applications
25 Jun 20
A corrosion inhibitor active and method for reducing corrosion of a metal surface in contact with a corrosive environment is disclosed.
APP
Utility
Friction Reducer for Hydraulic Fracturing
18 Jun 20
Compositions comprising an acrylamide polymer emulsion and a nonionic surfactant suitable for use as friction reducers for hydraulic fracturing are disclosed.
APP
Utility
Agricultural Compositions Containing Structured Surfactant Systems
11 Jun 20
Agricultural compositions that employ structured surfactant systems to suspend water-insoluble or sparingly soluble agricultural actives and/or adjuvants are disclosed.