Brief: Stepan Reports Q1 Earnings Per Share $1.07

Stepan

30/04/2019 12:13

April 30 (Reuters) - Stepan Co  SCL.N :
    * STEPAN REPORTS FIRST QUARTER EARNINGS
    * Q1 ADJUSTED EARNINGS PER SHARE $1.31
    * Q1 EARNINGS PER SHARE $1.07
    * Q1 EARNINGS PER SHARE ESTIMATE $1.27 -- REFINITIV IBES
DATA
    * QTRLY NET SALES $489.2 MILLION, DOWN 2%
    * QUARTERLY NET SALES $489.2 MILLION VERSUS $499.3 MILLION
    * FOR FULL YEAR, CAPITAL EXPENDITURES ARE EXPECTED TO BE IN
RANGE
OF $110 MILLION TO $130 MILLION
    * LOOKING FORWARD, WE BELIEVE OUR SURFACTANT BUSINESS WILL
CONTINUE TO BENEFIT FROM OUR DIVERSIFICATION EFFORTS
    * STEPAN - SPECIALTY PRODUCT SEGMENT WILL DELIVER BETTER
MARGINS
AND COMBINED WITH RESTRUCTURING EFFORTS SEGMENT SHOULD PROVIDE
H2 BENEFITS
    * OPTIMISTIC POLYMER BUSINESS WILL DELIVER FULL YEAR VOLUME
GROWTH
AND INCREMENTAL MARGIN IMPROVEMENT VERSUS 2018

Source text for Eikon:  ID:nPn92tDlKa 
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