Stepan Reports Q4 Net Income of $3.4 Million
NORTHBROOK, Ill., March 8, 2023 (GLOBE NEWSWIRE) -- Stepan Company (SCL) today announced its financial results for the fourth quarter ended December 31, 2022.
Key Financial Highlights:
* Net income: $3.4 million ($0.15 per share)
* Adjusted earnings: $0.12 per share
* Revenue: $525.6 million
Full-Year Financial Highlights:
* Net income: $50.4 million ($2.20 per share)
* Revenue: $2.18 billion
The company noted that its earnings were impacted by non-recurring gains, which were excluded from the adjusted earnings per share calculation. Stepan attributed its revenue growth to strong demand across its product portfolio.
For more information, refer to the Zacks stock report on SCL at https://www.zacks.com/ap/SCL.