Short answer
STEPAN CO (SCL) filed an 8-K current report with the SEC on April 28, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 financial results for quarter ended March 31, 2026.
STEPAN CO 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 financial results for quarter ended March 31, 2026
- Press release with detailed results attached as Exhibit 99.1
Item 8.01 · Other Events
- Quarterly cash dividend declared at $0.395 per common share
- Payment scheduled for June 15, 2026
- June 1, 2026 record date determines eligible shareholders
- Dividend announcement signals continued shareholder-return commitment
Item EX-99.1 · Exhibit EX-99.1
- Q1 net sales rose 2% to $604.5M, but adjusted net income fell 47% to $10.3M, reflecting weaker Surfactants and higher interest expense
- GAAP loss of $41.4M included a $65.4M pre-tax restructuring charge tied to Fieldsboro, Millsdale, and Stalybridge closures
- Adjusted EBITDA declined 14% to $49.6M, with Surfactants down 15% while Polymers increased 8%
- Free cash flow was negative $14.0M as working capital absorbed cash; net debt ratio increased to 30% from 28%
- Planned Millsdale-area land sale for $30M, expected in the second half, offers potential cash support for restructuring and deleveraging
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