Company News, Financial News

Stepan Reports Record Net Income

On essentially flat sales.

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By: TOM BRANNA

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Stepan reported 2016 net income roe 13% to a record $86.2 million, as sales fell less than 1% to more than $1.76 billion. Volume rose 6%, but lower prices and negative currency rates negated gains. Company executives credited the results to a combination of strong polymer sales and internal cost-cutting measures. “(It) was a very good year as the company delivered record reported and adjusted net income,” said F. Quinn Stepan Jr., president and chief executive officer. “...

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