Stepan Co. Files Q1 2024 10-Q
Ticker: SCL · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: SCL
TL;DR
Stepan Co. Q1 2024 10-Q filed. Financials updated.
AI Summary
Stepan Company (SCL) filed its 10-Q for the period ending March 31, 2024. The company reported financial results for the first quarter of 2024, detailing its performance across various segments including Polymers, Specialty Products, and Surfactants. The filing provides updates on its financial position, including current liabilities and equity components like Additional Paid-In Capital.
Why It Matters
This filing provides investors with the latest financial performance data for Stepan Company, crucial for understanding the company's operational health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- Q1 2024 — Reporting Period (First quarter financial performance)
- 2023-03-31 — Prior Period Balance Sheet Date (For comparison with current period)
- 2023-12-31 — Prior Year Balance Sheet Date (For comparison with current period)
Key Players & Entities
- Stepan Company (company) — Filer of the 10-Q
- 20240331 (date) — End of the reporting period
- 20240508 (date) — Filing date
- SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] (industry) — Standard Industrial Classification
- DE (state) — State of incorporation
FAQ
What were the key financial highlights for Stepan Company in Q1 2024?
The 10-Q filing for the period ending March 31, 2024, provides detailed financial statements and segment performance for Stepan Company, but specific financial highlights like revenue or net income figures are not explicitly listed in the provided header information.
Which business segments are reported by Stepan Company?
Stepan Company reports on its operating segments, including Polymers, Specialty Products, and Surfactants, as indicated by the segment members listed in the filing.
What is Stepan Company's Standard Industrial Classification (SIC) code?
Stepan Company's SIC code is 2840, which corresponds to SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS.
When was Stepan Company incorporated?
Stepan Company was incorporated in Delaware (DE), as indicated by the state of incorporation listed in the filing.
What is the filing date of this 10-Q report?
This 10-Q report was filed on May 8, 2024 (20240508).
From the Filing
0000950170-24-055552.txt : 20240508 0000950170-24-055552.hdr.sgml : 20240508 20240508154742 ACCESSION NUMBER: 0000950170-24-055552 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 85 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-04462 FILM NUMBER: 24925626 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-Q 1 scl-20240331.htm 10-Q 10-Q 0000094049 false --12-31 Q1 http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent 7 0000094049 us-gaap:OperatingSegmentsMember scl:PolymersMember 2023-01-01 2023-03-31 0000094049 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000094049 srt:EuropeMember scl:SpecialtyProductsMember 2024-01-01 2024-03-31 0000094049 scl:UnsecuredPrivatePlacementNotesMember 2024-03-31 0000094049 2023-12-31 0000094049 scl:RetirementSavingsContributionsMember 2023-01-01 2023-03-31 0000094049 us-gaap:StockAppreciationRightsSARSMember 2023-01-01 2023-03-31 0000094049 scl:SurfactantsMember 2023-01-01 2023-03-31 0000094049 2022-12-31 0000094049 scl:SeniorUnsecuredNotesFourMember srt:MinimumMember 2024-01-01 2024-03-31 0000094049 us-gaap:ForeignExchangeContractMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000094049 country:US us-gaap:UnfundedPlanMember us-gaap:NonqualifiedPlanMember 2024-01-01 2024-03-31 0000094049 scl:MultiCurrencyCreditFacilityWithSyndicateOfBanksMember 2022-06-24 2022-06-24 0000094049 scl:SeniorUnsecuredNotesOneMember srt:MinimumMember 2023-01-01 2023-12-31 0000094049 us-gaap:OperatingSegmentsMember scl:SpecialtyProductsMember 2023-01-01 2023-03-31 0000094049 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0000094049 scl:SeniorUnsecuredNotesTwoMember 2024-03-31 0000094049 scl:UnsecuredBankDebtInForeignCurrencyMember 2024-01-01 2024-03-31 0000094049 srt:MaximumMember scl:SeniorUnsecuredNotesFiveMember 2023-01-01 2023-12-31 0000094049 scl:UnsecuredPrivatePlacementNotesMember srt:MinimumMember 2024-03-31 0000094049 scl:PolymersMember srt:LatinAmericaMember 2023-01-01 2023-03-31 0000094049 us-gaap:TreasuryStockCommonMember 2023-12-31 0000094049 scl:PolymersMember srt:NorthAmericaMember 2023-01-01 2023-03-31 0000094049 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0000094049 us-gaap:FairValueInputsLevel2Member 2023-12-31 0000094049 us-gaap:TreasuryStockCommonMember 2022-12-31 0000094049 us-gaap:CommonStockMember 2023-12-31 0000094049 scl:SurfactantsMember 2024-01-01 2024-03-31 0000094049 us-gaap:OperatingSegmentsMember 2024-01-01 2024-03-31 0000094049 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000094049 scl:UnsecuredBankDebtInForeignCurrencyMember 2024-03-31 0000094049 scl:DelayedDrawTermLoanCreditFacilityMember 2024-01-01 2024-03-31 0000094049 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000094049 country:GB 2023-01-01 2023-03-31 0000094049 scl:PerformanceShareAndRestrictedStockUnitsMember 2024-03-31 0000094049 scl:SeniorUnsecuredNotesThreeMember srt:MinimumMember 2023-01-01 2023-12-31 0000094049 us-gaap:StockAppreciationRightsSARSMember 2024-01-01 2024-03-31 0000094049 scl:SpecialtyProductsMember 2023-01-01 2023-03-31 0000094049 scl:MultiCurrencyCreditFacilityWithSyndi