Stepan Co Files Q2 2024 10-Q

Ticker: SCL · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, quarterly-report

TL;DR

Stepan Co's Q2 10-Q is in: financials for Polymers & Surfactants detailed.

AI Summary

Stepan Company filed its 10-Q for the period ending June 30, 2024. The filing details financial performance across its segments, including Polymers and Surfactants, with specific regional data for Asia, Latin America, and Europe. Key financial items like current liabilities and treasury stock are also presented for the reporting periods.

Why It Matters

This filing provides investors with a detailed look at Stepan Company's financial health and operational performance for the second quarter of 2024, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

2024-06-30 — Reporting Period End (Financial reporting period for the 10-Q.)
2024-01-01 — Reporting Period Start (Financial reporting period for the 10-Q.)
2023-06-30 — Prior Year Period End (For comparative financial analysis.)
2023-01-01 — Prior Year Period Start (For comparative financial analysis.)

Key Players & Entities

STEPAN CO (company) — Filer
20240630 (date) — Reporting Period End Date
20240808 (date) — Filing Date
0000094049 (company) — Central Index Key
SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] (industry) — Standard Industrial Classification
NORTHFIELD, IL 60093 (location) — Business Address
8474467500 (phone_number) — Business Phone
STEPAN CHEMICAL CO /DE/ (company) — Former Company Name
19840108 (date) — Date of Name Change

FAQ

What were the key financial reporting periods covered in this 10-Q filing?

The 10-Q covers the period from January 1, 2024, to June 30, 2024, and includes comparative data for periods in 2023.

Which business segments are detailed in the filing?

The filing provides data related to Stepan Company's Polymers and Surfactants segments.

What geographical regions are specifically mentioned for segment performance?

The filing includes data for Asia, Latin America, and Europe.

What is Stepan Company's Standard Industrial Classification code?

Stepan Company's SIC code is 2840, which corresponds to SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS.

When was Stepan Company previously known by another name?

Stepan Company was formerly known as STEPAN CHEMICAL CO /DE/, with a date of name change on January 8, 1984.

From the Filing

0000950170-24-093579.txt : 20240808 0000950170-24-093579.hdr.sgml : 20240808 20240808122704 ACCESSION NUMBER: 0000950170-24-093579 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 88 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240808 DATE AS OF CHANGE: 20240808 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: 241187102 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-20240630.htm 10-Q 10-Q 0000094049 Q2 --12-31 false http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent 7 0000094049 us-gaap:CommonStockMember 2024-01-01 2024-06-30 0000094049 scl:PolymersMember srt:AsiaMember 2023-04-01 2023-06-30 0000094049 srt:LatinAmericaMember scl:SurfactantsMember 2024-01-01 2024-06-30 0000094049 us-gaap:MaterialReconcilingItemsMember 2023-01-01 2023-06-30 0000094049 scl:SeniorUnsecuredNotesTwoMember srt:MaximumMember 2023-01-01 2023-12-31 0000094049 scl:SurfactantsMember srt:LatinAmericaMember 2024-04-01 2024-06-30 0000094049 scl:PolymersMember srt:AsiaMember 2024-04-01 2024-06-30 0000094049 srt:AsiaMember 2023-01-01 2023-06-30 0000094049 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-06-30 0000094049 us-gaap:TreasuryStockCommonMember 2024-04-01 2024-06-30 0000094049 scl:PolymersMember srt:EuropeMember 2024-04-01 2024-06-30 0000094049 scl:SeniorUnsecuredNotesSixMember srt:MinimumMember 2024-01-01 2024-06-30 0000094049 scl:PolymersMember srt:EuropeMember 2023-04-01 2023-06-30 0000094049 scl:RetirementSavingsContributionsMember 2023-01-01 2023-06-30 0000094049 scl:SeniorUnsecuredNotesTwoMember srt:MinimumMember 2023-01-01 2023-12-31 0000094049 srt:EuropeMember 2024-04-01 2024-06-30 0000094049 us-gaap:RetainedEarningsMember 2023-12-31 0000094049 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-03-31 0000094049 scl:PolymersMember us-gaap:OperatingSegmentsMember 2024-01-01 2024-06-30 0000094049 us-gaap:TreasuryStockCommonMember 2023-04-01 2023-06-30 0000094049 scl:CicCreditAgreementMember 2024-06-30 0000094049 us-gaap:MaterialReconcilingItemsMember 2024-01-01 2024-06-30 0000094049 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0000094049 2020-12-31 0000094049 us-gaap:TreasuryStockCommonMember 2024-03-31 0000094049 scl:SurfactantsMember 2024-01-01 2024-06-30 0000094049 us-gaap:EmployeeStockOptionMember 2024-06-30 0000094049 us-gaap:AccumulatedTranslationAdjustmentMember 2024-06-30 0000094049 scl:SeniorUnsecuredNotesTwoMember 2023-12-31 0000094049 srt:LatinAmericaMember scl:SpecialtyProductsMember 2023-04-01 2023-06-30 0000094049 us-gaap:CommonStockMember scl:StockAwardPlanMember 2024-01-01 2024-06-30 0000094049 scl:RevolvingCreditFacilityAndTermLoanBorrowingMember 2023-12-31 0000094049 scl:SurfactantsMember srt:EuropeMember 2024-04-01 2024-06-30 0000094049 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0000094049 scl:PolymersMember srt:LatinAmericaMember 2024-04-01 2024-06-30 0000094049 2024-07-31 0000094049 2023-06-30 0000094049 srt:EuropeMember 2023-01-01 2023-06-30 0000094049 scl:SurfactantsMember 2023-04-01 2023-06-30 0000094049 us-gaap:RetainedEarningsMember 2024-06-30 0000094049 srt:MinimumMember 2024-06-30 0000094049 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0000094049 scl:MultiCurrencyRevolvingCreditAgreementMember 2023-12-31 0000094049 us-gaap:AdditionalPaidInCapitalMember 2024-0