Oct 28, 7:00 AM ET
Stepan reported third quarter 2026 net sales of $692.2 million, up 17%, and net income of $17.8 million, up 64%, with diluted EPS of $0.78 versus $0.47. Nine-month results were a net loss of $0.7 million because of a $76.1 million pre-tax restructuring charge tied to Project Catalyst, and the company said it expects full-year Adjusted EBITDA growth and positive free cash flow in 2026. The board also declared a $0.405 quarterly dividend, a $0.010 increase.
- Q3 2026 net sales $692.2 million, up 17% year-over-year; Q3 Adjusted EBITDA $66.3 million, up 18%
- Nine months 2026 net loss of $0.7 million versus $41.9 million of income in 2025, driven by a $76.1 million pre-tax restructuring charge
- Quarterly dividend of $0.405 per share, payable December 15, 2026, to holders of record on December 1, 2026; 59th consecutive annual increase
- Company expects full-year 2026 Adjusted EBITDA growth, positive free cash flow and continued balance sheet de-leveraging
Read the filing on SEC.gov ↗
Sep 25, 9:47 PM ET
Stepan entered into a new Credit Agreement on September 25, 2026, providing $500.0 million in initial committed facilities: a $350.0 million multicurrency revolver and a $150.0 million delayed draw term loan, both maturing September 25, 2031. The new facilities replace its $350.0 million revolver and $100.0 million delayed draw term loan under a June 24, 2022 agreement, and include an option for up to an additional $250.0 million, giving the company expanded, longer-dated borrowing capacity.
- Initial facilities total $500.0 million: $350.0 million revolver and $150.0 million delayed draw term loan, both maturing September 25, 2031
- Replaces the $350.0 million revolver and $100.0 million delayed draw term loan from a June 24, 2022 credit agreement
- Expansion option allows up to an additional $250.0 million, subject to certain requirements
- Loans priced at spreads of 1.125% to 1.625% over term benchmark rates, depending on net leverage ratio; covenants include interest coverage and net leverage ratios
Read the filing on SEC.gov ↗
Jul 29, 7:00 AM ET
Stepan reported second-quarter 2026 net income of $22.9 million, up 102% from a year earlier, on net sales of $684.1 million, up 15%. The first half was a net loss of $18.5 million, driven by a $70.5 million pre-tax restructuring charge tied to Project Catalyst, and the company also announced a plan to cut about 100 salaried roles, declared a $0.395 quarterly dividend, and reported a board resignation and a new principal accounting officer.
- Q2 2026 diluted EPS was $1.00 versus $0.50; adjusted EPS was $1.18 versus $0.52.
- Q2 adjusted EBITDA was $74.4 million, up 45%, and management said it expects full-year 2026 adjusted EBITDA growth.
- Full-year Project Catalyst restructuring charges are expected to be $75.0 million to $80.0 million, with about $4 million to $6 million tied to the workforce reduction.
- Jan Stern Reed resigned from the board on July 27, 2026; Matthew J. Eaken was named principal accounting officer effective July 28, 2026.
Read the filing on SEC.gov ↗
Apr 28, 7:00 AM ET
Stepan Company reported a first-quarter 2026 net loss of $41.4 million, or $1.81 per diluted share, compared with net income of $19.7 million a year earlier, after a $65.4 million pre-tax restructuring charge tied to previously announced plant closures. Net sales rose 2% to $604.5 million, but adjusted net income fell 47% to $10.3 million, and the company also declared a quarterly dividend of $0.395 per share.
- Net loss of $41.4 million ($1.81 per diluted share) versus net income of $19.7 million ($0.86 per share) in Q1 2025; the loss includes a $65.4 million pre-tax restructuring charge
- Adjusted net income of $10.3 million ($0.45 per diluted share), down 47% from $19.3 million; adjusted EBITDA of $49.6 million, down 14%
- Net sales rose 2% to $604.5 million, driven by higher selling prices and currency translation; organic sales volume was flat
- Board declared a quarterly dividend of $0.395 per share, payable June 15, 2026, to holders of record on June 1, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.