Stepan Co. Files 2023 Annual Report on Form 10-K
Ticker: SCL · Form: 10-K · Filed: 2024-02-29T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, Stepan Co., Financial Report, Specialty Products, Polymers
TL;DR
<b>Stepan Co. has filed its 2023 10-K report detailing financial performance and business operations.</b>
AI Summary
STEPAN CO (SCL) filed a Annual Report (10-K) with the SEC on February 29, 2024. Stepan Co. filed its 10-K report for the fiscal year ending December 31, 2023. The filing covers the company's financial performance and business operations. Key segments include Specialty Products and Polymers. The report details various financial instruments and fair value inputs. Acquisitions in 2021, such as the Fermentation Plant and INVISTA Aromatic Polyester Polyol Business, are referenced.
Why It Matters
For investors and stakeholders tracking STEPAN CO, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Stepan Co.'s financial health and strategic initiatives for the fiscal year 2023, crucial for investors assessing the company's performance and future outlook. The detailed segment reporting and information on past acquisitions offer insights into the company's growth strategies and operational diversification within the chemical industry.
Risk Assessment
Risk Level: medium — STEPAN CO shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not highlight any immediate or severe risks beyond those typically associated with a publicly traded company in the chemical sector.
Analyst Insight
Review the detailed segment performance and financial disclosures within the 10-K to understand Stepan Co.'s operational strengths and potential areas for growth or concern.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Specialty Products | ||
| Polymers |
Key Numbers
- 20231231 — Fiscal Year End (Conformed period of report)
- 20240229 — Filing Date (Filed as of date)
- 135 — Public Document Count (Number of documents in the filing)
- 2021-02-02 — Fermentation Plant Acquisition (Date of a significant acquisition)
- 2021-01-29 — INVISTAAromaticPolyesterPolyolBusiness Acquisition (Date of another significant acquisition)
Key Players & Entities
- STEPAN CO (company) — Filer name
- SCL (company) — Ticker symbol
- 20231231 (date) — Conformed period of report
- 20240229 (date) — Filed as of date
- SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] (industry) — Standard Industrial Classification
- DE (jurisdiction) — State of incorporation
- 19840108 (date) — Date of name change from STEPAN CHEMICAL CO /DE/
- 2021-02-02 (date) — Fermentation Plant Acquisition date
FAQ
When did STEPAN CO file this 10-K?
STEPAN CO filed this Annual Report (10-K) with the SEC on February 29, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by STEPAN CO (SCL).
Where can I read the original 10-K filing from STEPAN CO?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by STEPAN CO.
What are the key takeaways from STEPAN CO's 10-K?
STEPAN CO filed this 10-K on February 29, 2024. Key takeaways: Stepan Co. filed its 10-K report for the fiscal year ending December 31, 2023.. The filing covers the company's financial performance and business operations.. Key segments include Specialty Products and Polymers..
Is STEPAN CO a risky investment based on this filing?
Based on this 10-K, STEPAN CO presents a moderate-risk profile. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not highlight any immediate or severe risks beyond those typically associated with a publicly traded company in the chemical sector.
What should investors do after reading STEPAN CO's 10-K?
Review the detailed segment performance and financial disclosures within the 10-K to understand Stepan Co.'s operational strengths and potential areas for growth or concern. The overall sentiment from this filing is neutral.
Key Dates
- 2023-12-31: Fiscal Year End — Reporting period for the 10-K
- 2024-02-29: Filing Date — Date the 10-K was officially submitted
- 2021-02-02: Fermentation Plant Acquisition — Significant business acquisition
From the Filing
0000950170-24-022778.txt : 20240229 0000950170-24-022778.hdr.sgml : 20240229 20240229114944 ACCESSION NUMBER: 0000950170-24-022778 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 135 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEPAN CO CENTRAL INDEX KEY: 0000094049 STANDARD INDUSTRIAL CLASSIFICATION: SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 361823834 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04462 FILM NUMBER: 24700626 BUSINESS ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 BUSINESS PHONE: 8474467500 MAIL ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 FORMER COMPANY: FORMER CONFORMED NAME: STEPAN CHEMICAL CO /DE/ DATE OF NAME CHANGE: 19840108 10-K 1 scl-20231231.htm 10-K 10-K false FY 0000094049 5 3 3 3 8 ten years 7 P1M P7Y 1 1 http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent 0.3333 0.3333 P9Y P9Y 0000094049 srt:MaximumMember us-gaap:FurnitureAndFixturesMember 2023-12-31 0000094049 country:GB scl:InsuranceContractsMember 2022-12-31 0000094049 us-gaap:StockAppreciationRightsSARSMember 2022-12-31 0000094049 scl:AllOtherCountriesMember 2022-12-31 0000094049 srt:LatinAmericaMember 2023-01-01 2023-12-31 0000094049 us-gaap:PrimeRateMember srt:MinimumMember 2023-01-01 2023-12-31 0000094049 scl:NonUSSubsidiariesMember 2022-12-31 0000094049 country:FR 2023-01-01 2023-12-31 0000094049 scl:FermentationPlantAcquisitionMember scl:TwoThousandAndTwentyOneAcquisitionMember 2021-02-02 2021-02-02 0000094049 country:US us-gaap:FairValueInputsLevel1Member us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember 2023-12-31 0000094049 us-gaap:OperatingSegmentsMember scl:SpecialtyProductsMember 2023-01-01 2023-12-31 0000094049 scl:SpecialtyProductsMember srt:LatinAmericaMember 2021-01-01 2021-12-31 0000094049 srt:NaturalGasReservesMember 2023-12-31 0000094049 scl:PolymersMember scl:INVISTAAromaticPolyesterPolyolBusinessAcquisitionMember scl:TwoThousandAndTwentyOneAcquisitionMember 2021-01-29 2021-01-29 0000094049 country:GB us-gaap:FairValueInputsLevel2Member us-gaap:CashMember 2023-12-31 0000094049 us-gaap:OperatingSegmentsMember scl:SpecialtyProductsMember 2022-12-31 0000094049 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2022-12-31 0000094049 scl:OptionsAndStockAppreciationRightsMember 2022-01-01 2022-12-31 0000094049 country:GB us-gaap:CashMember 2023-12-31 0000094049 scl:UnsecuredPrivatePlacementNotesFiveMember srt:MaximumMember 2023-01-01 2023-12-31 0000094049 scl:InsuranceContractsMember 2022-12-31 0000094049 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000094049 srt:MinimumMember 2023-01-01 2023-12-31 0000094049 scl:UnsecuredPrivatePlacementNotesMember 2023-12-31 0000094049 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0000094049 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0000094049 srt:AsiaMember scl:PolymersMember 2023-01-01 2023-12-31 0000094049 us-gaap:OperatingSegmentsMember scl:PolymersMember 2021-12-31 0000094049 us-gaap:MaterialReconcilingItemsMember 2022-12-31 0000094049 srt:LatinAmericaMember 2021-01-01 2021-12-31 0000094049 country:US us-gaap:DefinedBenefitPlanEquitySecuritiesCommonStockEmployerRelatedPartyMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0000094049 us-gaap:FairValueInputsLevel2Member 2023-12-31 0000094049 us-gaap:OperatingSegmentsMember scl:PolymersMember 2022-01-01 2022-12-31 0000094049 us-gaap:MaterialReconcilingItemsMember 2021-01-01 2021-12-31 0000094049 scl:PolymersMember srt:NorthAmericaMember 2022-01-01 2022-12-31 0000094049 scl:EmployeeStockOptionGrantedPriorToTwoThousandAndSeventeenMember 2023-01-01 2023-12-31 0000094049 scl:SpecialtyProductsMember 2023-01-01 2023-12-31 0000094049 us-gaap:Trademarks