Quarterly ResultApr 28, 2026, 07:02 AM
SCL Q1 Net Loss $41.4M; Adj. Net Income $10.3M; Declares $0.395 Dividend
AI Summary
Stepan Company reported a Q1 2026 net loss of $41.4 million, primarily due to a $65.4 million pre-tax restructuring charge related to facility closures. Adjusted net income decreased 47% to $10.3 million, with adjusted EBITDA down 14% to $49.6 million. Organic sales volume was flat, with strong demand in Crop Productivity, Oilfield, and Industrial Cleaning offsetting soft European Polymers demand. The Board also declared a quarterly cash dividend of $0.395 per share, payable June 15, 2026.
Key Highlights
- Pre-tax restructuring charge of $65.4M for facility closures.
- Q1 2026 net loss was $41.4M vs $19.7M income prior year.
- Adjusted net income decreased 47% to $10.3M.
- Adjusted EBITDA decreased 14% to $49.6M.
- Net sales increased 2% to $604.5M.
- Quarterly cash dividend of $0.395 per share declared.
- Surfactants adjusted EBITDA down 15%; Polymers adjusted EBITDA up 8%.
- Agreement to sell land for $30M expected in H2 2026.