NYSE: SCL
STEPAN COCIK 0000094049 · SIC 2840 · Soap & Cleaning Products
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Stepan replaces credit facilities with new $500M agreement maturing 2031
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Latest financial statements
From 10-Q filed Aug 5, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Unaudited)
(In thousands, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Net Sales | 684,109 | 594,689 | 1,288,618 | 1,187,944 |
| Cost of Sales | 584,127 | 522,804 | 1,123,785 | 1,040,596 |
| Gross Profit | 99,982 | 71,885 | 164,833 | 147,348 |
| Operating Expenses: | ||||
| Selling | 14,866 | 14,657 | 27,032 | 26,765 |
| Administrative | 24,203 | 22,801 | 45,516 | 44,215 |
| Research, development and technical services | 17,195 | 14,701 | 32,188 | 29,350 |
| Deferred compensation expense | 1,402 | 1,761 | 1,964 | 765 |
| 57,666 | 53,920 | 106,700 | 101,095 | |
| Business restructuring (Note 16) | 5,106 | — | 70,545 | — |
| Operating Income (Loss) | 37,210 | 17,965 | (12,412) | 46,253 |
| Other Income (Expense): | ||||
| Interest, net | (5,682) | (5,485) | (10,693) | (9,611) |
| Other, net (Note 15) | 1,021 | 1,306 | 1,165 | 1,808 |
| (4,661) | (4,179) | (9,528) | (7,803) | |
| Income (Loss) Before Provision for Income Taxes | 32,549 | 13,786 | (21,940) | 38,450 |
| Provision for Income Taxes | 9,638 | 2,445 | (3,445) | 7,398 |
| Net Income (Loss) | 22,911 | 11,341 | (18,495) | 31,052 |
| Net Income (Loss) Per Common Share (Note 10): | ||||
| Basic | 1.00 | 0.50 | (0.81) | 1.36 |
| Diluted | 1.00 | 0.50 | (0.81) | 1.36 |
| Shares Used to Compute Net Income Per Common Share (Note 10): | ||||
| Basic | 22,897 | 22,865 | 22,893 | 22,866 |
| Diluted | 22,924 | 22,879 | 22,893 | 22,885 |
Condensed Consolidated Balance Sheets (Unaudited)
(Dollars in thousands)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | 113,705 | 132,688 |
| Receivables, net | 492,342 | 387,959 |
| Inventories (Note 6) | 324,463 | 298,827 |
| Other current assets | 44,254 | 39,485 |
| Total current assets | 974,764 | 858,959 |
| Property, Plant and Equipment: | ||
| Cost | 2,764,435 | 2,787,036 |
| Less: Accumulated depreciation | (1,621,823) | (1,567,409) |
| Property, plant and equipment, net | 1,142,612 | 1,219,627 |
| Goodwill, net | 91,741 | 92,570 |
| Other intangible assets, net | 36,130 | 39,526 |
| Long-term investments (Note 3) | 14,507 | 21,270 |
| Operating lease assets (Note 7) | 58,071 | 62,494 |
| Other non-current assets | 74,841 | 63,256 |
| Total assets | 2,392,666 | 2,357,702 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Current maturities of debt (Note 14) | 403,285 | 285,735 |
| Accounts payable | 321,664 | 261,723 |
| Accrued liabilities | 122,049 | 119,036 |
| Total current liabilities | 846,998 | 666,494 |
| Deferred income taxes | 10,998 | 11,450 |
| Long-term debt, less current maturities (Note 14) | 244,069 | 340,975 |
| Non-current operating lease liabilities (Note 7) | 45,028 | 49,340 |
| Other non-current liabilities | 33,527 | 45,433 |
| Commitments and Contingencies (Note 8) | ||
| Equity: | ||
| Common stock, $1 par value; authorized 60,000,000 shares; 27,467,526 issued shares in 2026 and 27,301,177 issued shares in 2025 | 27,468 | 27,301 |
| Additional paid-in capital | 265,273 | 259,820 |
| Accumulated other comprehensive loss (Note 11) | (136,676) | (138,974) |
| Retained earnings | 1,249,315 | 1,285,752 |
| Less: Common treasury stock, at cost, 4,735,033 shares in 2026 and 4,676,739 shares in 2025 | (193,334) | (189,889) |
| Total equity | 1,212,046 | 1,244,010 |
| Total liabilities and equity | 2,392,666 | 2,357,702 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash Flows From Operating Activities | ||
| Net income (loss) | (18,495) | 31,052 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 63,867 | 60,559 |
| Deferred compensation (income) expense | 1,964 | 765 |
| Realized and unrealized loss on long-term investments | (1,085) | (1,074) |
| Stock-based compensation | 3,620 | 3,064 |
| Deferred income taxes | (10,855) | 496 |
| Business restructuring | 63,537 | — |
| Other non-cash items | 662 | 412 |
| Changes in assets and liabilities: | ||
| Receivables, net | (104,289) | (31,753) |
| Inventories | (24,229) | (30,652) |
| Other current assets | (5,116) | (10,765) |
| Accounts payable and accrued liabilities | 56,407 | (1,570) |
| Pension liabilities | (116) | (472) |
| Environmental and legal liabilities | 348 | (436) |
| Deferred revenues | (922) | (1,491) |
| Net Cash Provided By Operating Activities | 25,298 | 18,135 |
| Cash Flows From Investing Activities | ||
| Expenditures for property, plant and equipment | (54,294) | (58,346) |
| Other, net | 7,978 | 6,878 |
| Net Cash Used In Investing Activities | (46,316) | (51,468) |
| Cash Flows From Financing Activities | ||
| Revolving debt and bank overdrafts, net (Note 14) | 41,300 | (18,200) |
| Other debt borrowings | — | 75,000 |
| Other debt repayments | (20,714) | (24,286) |
| Dividends paid | (17,942) | (17,386) |
| Stock option exercises | 294 | 104 |
| Other, net | (1,738) | (1,974) |
| Net Cash Provided By Financing Activities | 1,200 | 13,258 |
| Effect of Exchange Rate Changes on Cash | 835 | 9,314 |
| Net Decrease in Cash and Cash Equivalents | (18,983) | (10,761) |
| Cash and Cash Equivalents at Beginning of Period | 132,688 | 99,665 |
| Cash and Cash Equivalents at End of Period | 113,705 | 88,904 |
| Supplemental Cash Flow Information | ||
| Cash payments of income taxes, net of refunds | 9,629 | 4,590 |
| Cash payments of interest | 14,208 | 13,628 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share amounts); (Dollars in thousands); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗