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Stepan Earnings Rise 19% on Higher Volumes
12:00 PM MDT | April 24, 2012 | Vincent Valk
Stepan’s first quarter net income was up 19% year-on-year, to $22.3 million, on sales up 10%, to $465.3 million. Earnings totaled $1.97/share, beating analysts’ consensus of $1.90/share, as reported by Thomson Reuters (New York). Volume increases in all the company’s business segments drove the higher earnings. Surfactant sales were up 7% year-on-year, to $347.2 million, on higher volumes in North America and Latin America. Segment gross profit rose 14%, to $54 million. Polymer sales rose 12%, to $96.7 million, on higher polyols volumes...
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