Brief: Stepan Reports Quarterly Earnings Per Share Of $1.18

Stepan

21/04/2020 12:15

April 21 (Reuters) - Stepan Co  SCL.N :
    * STEPAN REPORTS FIRST QUARTER EARNINGS
    * Q1 ADJUSTED EARNINGS PER SHARE $1.04
    * Q1 EARNINGS PER SHARE $1.18
    * Q1 EARNINGS PER SHARE ESTIMATE $0.78 -- REFINITIV IBES
DATA
    * QUARTERLY NET SALES $450 MILLION VERSUS $489.2 MILLION
    * IN 2020 ANTICIPATE AGRICULTURE BUSINESS SHOULD APPROXIMATE
LAST
YEAR
    * ANTICIPATE HIGHER NORTH AMERICAN COSTS DUE TO ILLINOIS
RIVER
LOCK CLOSURE SCHEDULED DURING SECOND HALF OF 2020
    * HAVE A $350.0 MILLION REVOLVER WHICH IS ESSENTIALLY
UNTAPPED

Source text for Eikon:  ID:nPn25MJPTa 
Further company coverage:  SCL.N 

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