In This Article:
Stepan (NYSE:SCL) Third Quarter 2024 Results
Key Financial Results
-
Revenue: US$546.8m (down 2.7% from 3Q 2023).
-
Net income: US$23.6m (up 88% from 3Q 2023).
-
Profit margin: 4.3% (up from 2.2% in 3Q 2023). The increase in margin was driven by lower expenses.
-
EPS: US$1.03 (up from US$0.55 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stepan EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 51%.
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Stepan is showing 1 warning sign in our investment analysis that you should know about...
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.