The chart below shows how SCL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SCL sees a +1.05% change in stock price 10 days leading up to the earnings, and a -0.90% change 10 days following the report. On the earnings day itself, the stock moves by -1.04%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
EBITDA Growth Report: The company reported third quarter adjusted EBITDA of $53 million, up 11% versus the prior year.
Adjusted EBITDA Increase: Year-to-date, adjusted EBITDA was $152 million, up 7% versus the prior year, driven by improved volumes and margins.
Adjusted Net Income Growth: Third quarter adjusted net income was $23.7 million, a $1.03 per diluted share versus $14.7 million, a $0.64 per diluted share, for the third quarter of last year, a 61% increase year-over-year.
Dividend Increase Announcement: The company paid $8.4 million in dividends to our shareholders during the third quarter of 2024, representing a 2.7% increase in our dividends.
Cost Reduction Strategy: The company is on track to deliver our $50 million cost reduction goal for 2024 through ongoing discipline efforts in supply chain and the workforce productivity actions taken in the last quarter of 2023.
Negative
Sales Volume Decline: Global sales volume was down 1%.
Surfactant Market Dynamics: Double-digit growth in several surfactant end markets was fully offset by demand weakness and competitive pressures in our Polymers business.
Polymers Demand Challenges: We believe this sluggish demand in Polymers is related to global macroeconomic uncertainties, low overall construction activity, and the high interest rate environment.
Dividend Payment Announcement: During the third quarter of 2024, the company paid $8.4 million in dividends to our shareholders.
Quarterly Cash Dividend Declared: Our Board of Directors declared a quarterly cash dividend on Stepan common stock of $0.385 per share, payable on December 13, 2024.
Stepan Company (SCL) Q3 2024 Earnings Call Transcript
SCL.N
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