Quarterly ResultMay 6, 2026, 11:47 AM
Stepan Reports Q1 Net Loss $(41.4)M; Operating Loss $(49.6)M
AI Summary
Stepan Company reported a net loss of $(41.4) million, or $(1.81) per diluted share, for the first quarter of 2026, a significant decline from a net income of $19.7 million in Q1 2025. This loss was primarily driven by a $65.4 million business restructuring expense. Net sales saw a modest increase of 1.9% to $604.5 million, while gross profit decreased by 14.1%. Operating activities generated $16.9 million in cash, a substantial increase from the prior year.
Key Highlights
- Q1 2026 Net Loss: $(41.4) million, down from $19.7 million net income in Q1 2025.
- Q1 2026 Diluted EPS: $(1.81), compared to $0.86 in Q1 2025.
- Q1 2026 Net Sales: $604.5 million, a 1.9% increase from $593.3 million in Q1 2025.
- Q1 2026 Gross Profit: $64.9 million, a 14.1% decrease from $75.5 million in Q1 2025.
- Q1 2026 Operating Loss: $(49.6) million, primarily due to $65.4 million in restructuring costs.
- Net Cash from Operating Activities: $16.9 million in Q1 2026, up from $6.9 million in Q1 2025.
- Q1 2026 Surfactants Net Sales: $453.7 million.
- Q1 2026 Polymers Net Sales: $130.0 million.
Price Impact
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