Printer Friendly

STEPAN EXPECTS LOWER SECOND QUARTER EARNINGS

 NORTHFIELD, Ill., June 10 /PRNewswire/ -- Stepan Company (AMEX: SCL) today announced that it expects lower second quarter earnings compared to the second quarter of 1992, which were $3,883,000, or 71 cents per share.
 F. Quinn Stepan, chairman and president, stated, "Lower earnings from large national customers, decreased sales volume and margins for phthalic anhydride (PA) and lower earnings from international operations account for our lower projections." Pressure on sales volume and margins for PA is expected to continue due to low cost imported material. It is premature to speculate about the duration of lower earnings from large national customers. At this time, we do not expect significant third quarter improvement in international operations.
 The company plans to release second quarter earnings on July 27.
 Stepan Company, headquartered in Northfield, Ill., is a leading producer of basic and intermediate chemicals used in household, industrial, personal care, agricultural and energy-related products. The stock is traded on the American and Midwest Stock Exchanges under the symbol SCL and on the Midwest Stock Exchange under the symbol SCLPR.
 -0- 6/10/93
 /CONTACT: Walter J. Klein of Stepan Company, 708-446-7500/
 (SCL)


CO: Stepan Company ST: Illinois IN: CHM SU: ERP

TM -- NY084 -- 4465 06/10/93 17:39 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 10, 1993
Words:207
Previous Article:CONTINUUM ANNOUNCES PAXUS EXCHANGE OFFER TERMS AND FISCAL 1993 RESULTS
Next Article:TEKTRONIX APPOINTS SHELLEY POTTER VICE PRESIDENT, CORPORATE COMMUNICATIONS
Topics:


Related Articles
STEPAN REPORTS IMPROVED THIRD QUARTER RESULTS
STEPAN REPORTS RECORD SALES AND EARNINGS
STEPAN REPORTS LOWER SECOND QUARTER RESULTS
STEPAN REVISES 1993 OUTLOOK
STEPAN REPORTS LOWER FIRST QUARTER EARNINGS
STEPAN REPORTS HIGHER SECOND QUARTER RESULTS
STEPAN ANNOUNCES RECORD SALES AND EARNINGS
STEPAN EXPECTS RECORD YEAR IN SPITE OF LOWER 2ND QUARTER
Stepan Reports Record Quarterly Earnings on Target for Record Year
Stepan Reports Second Quarter Results.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters