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Stepan Earnings Rise, But Fall Short of Estimates
8:54 AM MST | February 14, 2012 | Vincent Valk
Stepan’s fourth-quarter net income rose 54% year-on-year, $13.2 million, on sales up 23%, to $444.2 million. Income totaled $1.17/share, short of analysts’ consensus of $1.28/share, as reported by Thomson One (New York). The company’s fourth-quarter volumes rose 5% year-on-year, while selling prices rose 19%. Net sales in the surfactants segment rose 24% year-on-year, to $331.4 million, as volumes rose in agricultural, oilfield and biodiesel applications, offsetting weakness in consumer applications in North America. Segment gross profit...
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