Stepan Reports Strong Third Quarter 2016 Results_For 9 months 2016 Adjusted net income* was a record $84.1 million_by chemwinfo

18 October 2016

ABOUT STEPAN COMPANY

DETAILS

Stepan Company (NYSE: SCL) today reported:

Nine Month Highlights

• Reported net income was a record $75.9 million,
  or $3.31 per diluted share,
  a 20% increase versus $63.1 million,
  or $2.76 per diluted share, in the prior year.
  
  Adjusted net income* was a record $84.1 million,
  or $3.66per diluted share,
  a 35% increase versus $62.4 million,
  or $2.73 per diluted share, in the prior year.
  
  
• Total company sales volume increased 8%
  for the first nine months.
  
  
• The effect of foreign currency translation
  negatively impacted net income by $2.3 million,
  or $0.10 per diluted share, versus prior year.

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SOURCE Stepan Company

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