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Stepan (NYSE:SCL) Sets New 1-Year High on Better-Than-Expected Earnings
- On Wednesday, October 28, 2026, Northbrook, Illinois-based Stepan Company reported $692.2 million in third-quarter net sales and $17.8 million in net income, or $0.78 per diluted share.
- Stepan's adjusted EBITDA reached $66.3 million, an 18% increase over the prior-year quarter, driven by global volume growth, margin recovery, and Project Catalyst savings.
- Surfactants net sales rose 15% to $486.6 million, while Polymers sales grew 24% to $178.7 million; Specialty Products contributed $26.9 million to consolidated revenue.
- Stepan increased its quarterly dividend by $0.01 per share to $0.385, marking 59 consecutive years of growth, and closed a $28.5 million land sale near Millsdale, Illinois.
- Management expects to exceed its $100 million two-year pretax savings target for 2026 through Project Catalyst, while the company maintains $536 million in net debt.
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BizTocStepan Just Raised Its Dividend for the 59th Straight Year. Most Investors Have Never Heard of It
A company most investors have never heard of just extended one of the longest dividend growth streaks in market history, and it does it by making an ingredient found in almost every cleaning product in your home.
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Coverage Details
Total News Sources18
Leaning Left3Leaning Right2Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 33%
C 45%
R 22%
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