Stepan Q4 2024 adjusted net income falls 63% as sales dip 1%
Stepan reported fourth-quarter 2024 net sales of $525.6 million, down 1% from a year earlier, and reported net income of $3.4 million versus a $1.2 million loss in the prior year. Adjusted net income fell 63% to $2.8 million, mainly due to pre-commissioning costs at its new Pasadena, Texas facility, a $2.9 million Latin American tax reserve and CEO transition expenses. The company also declared a quarterly dividend of $0.385 per share, payable March 14, 2025.
Key points
- Q4 2024 net sales were $525.6 million, down 1% year over year; Polymers sales fell 12%
- Q4 2024 reported net income was $3.4 million ($0.15 per diluted share) versus a $1.2 million loss a year earlier
- Full-year 2024 net income rose 25% to $50.4 million, while full-year net sales fell 6% to $2.18 billion
- Quarterly cash dividend of $0.385 per share payable March 14, 2025 to holders of record on March 3, 2025
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.