Stepan Co Files Q3 2024 10-Q

Ticker: SCL · Form: 10-Q · Filed: 2024-11-06T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, credit-facility

TL;DR

Stepan Co's Q3 10-Q is in: check out segment performance and credit facilities.

AI Summary

Stepan Company filed its 10-Q for the period ending September 30, 2024. The filing details financial performance across its operating segments, including Specialty Products and Polymers, with specific segment data for North America, Europe, Asia, and Latin America. The report also references financial instruments like the Delayed Draw Term Loan Credit Facility and a Multi-Currency Credit Facility with a syndicate of banks, dated June 24, 2022.

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 strategic direction.

Risk Assessment

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

Key Players & Entities

FAQ

What were the key financial highlights for Stepan Company in the third quarter of 2024?

The 10-Q filing for the period ending September 30, 2024, provides detailed financial information across Stepan Company's operating segments, but specific financial highlights like revenue or net income figures are not explicitly listed in the provided text snippet.

Which operating segments are detailed in this 10-Q filing?

The filing details financial performance for operating segments including 'Specialty Products' and 'Polymers', with geographical breakdowns for North America, Europe, Asia, and Latin America.

What credit facilities are mentioned in the filing?

The filing references a 'Delayed Draw Term Loan Credit Facility' and a 'Multi-Currency Credit Facility With Syndicate Of Banks', with the latter dated June 24, 2022.

What is the fiscal year end for Stepan Company?

Stepan Company's fiscal year ends on December 31.

When was Stepan Company incorporated and in which state?

Stepan Company was incorporated in Delaware (DE).

From the Filing

0000950170-24-121883.txt : 20241106 0000950170-24-121883.hdr.sgml : 20241106 20241106100833 ACCESSION NUMBER: 0000950170-24-121883 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 90 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241106 DATE AS OF CHANGE: 20241106 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: 241429503 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-20240930.htm 10-Q 10-Q 0000094049 false --12-31 Q3 http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent 7 0000094049 us-gaap:CommonStockMember 2023-01-01 2023-09-30 0000094049 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000094049 us-gaap:OperatingSegmentsMember scl:SpecialtyProductsMember 2024-07-01 2024-09-30 0000094049 scl:PolymersMember srt:NorthAmericaMember 2023-01-01 2023-09-30 0000094049 srt:EuropeMember 2024-01-01 2024-09-30 0000094049 us-gaap:AccumulatedTranslationAdjustmentMember 2023-06-30 0000094049 us-gaap:FairValueInputsLevel2Member 2024-09-30 0000094049 2024-07-01 2024-09-30 0000094049 scl:DelayedDrawTermLoanCreditFacilityMember scl:MultiCurrencyCreditFacilityWithSyndicateOfBanksMember 2022-06-24 0000094049 us-gaap:EmployeeStockOptionMember 2024-01-01 2024-09-30 0000094049 scl:CriminalSocialEngineeringSchemeMember srt:AsiaMember 2024-07-01 2024-09-30 0000094049 country:US 2024-01-01 2024-09-30 0000094049 srt:LatinAmericaMember 2024-01-01 2024-09-30 0000094049 scl:PolymersMember us-gaap:OperatingSegmentsMember 2024-01-01 2024-09-30 0000094049 scl:SpecialtyProductsMember srt:NorthAmericaMember 2024-07-01 2024-09-30 0000094049 scl:SeniorUnsecuredNotesFourMember srt:MaximumMember 2023-01-01 2023-12-31 0000094049 scl:PolymersMember us-gaap:OperatingSegmentsMember 2023-01-01 2023-09-30 0000094049 us-gaap:MaterialReconcilingItemsMember 2023-07-01 2023-09-30 0000094049 srt:MaximumMember 2024-09-30 0000094049 scl:SeniorUnsecuredNotesTwoMember srt:MinimumMember 2024-01-01 2024-09-30 0000094049 us-gaap:PerformanceSharesMember 2023-07-01 2023-09-30 0000094049 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-09-30 0000094049 scl:UnsecuredBankDebtInForeignCurrencyMember 2023-01-01 2023-12-31 0000094049 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-01 2023-09-30 0000094049 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000094049 us-gaap:OperatingSegmentsMember scl:SurfactantsMember 2024-01-01 2024-09-30 0000094049 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0000094049 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-06-30 0000094049 srt:LatinAmericaMember scl:SurfactantsMember 2023-07-01 2023-09-30 0000094049 2024-10-31 0000094049 scl:OptionsAndStockAppreciationRightsMember 2023-07-01 2023-09-30 0000094049 us-gaap:OperatingSegmentsMember 2023-07-01 2023-09-30 0000094049 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-01 2024-09-30 0000094049 us-gaap:RetainedEarningsMember 2023-01-01 2023-09-30 0000094049 scl:SpecialtyProductsMember 2023-01-01 2023-09-30 0000094049 srt:AsiaMember 2023-07-01 2023-09-30 0000094049 scl:UnsecuredPrivatePlacementNotesMember srt:MinimumMember 2024-01-01 2024-09-30 0000094049 us-gaap:LetterOfCreditMember scl:CicCreditAgreementMember 2024-09-30 0000094049 srt:AsiaMember 2024-07-01 2024-09-30 00000940

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