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Recent Updates — SCL

July 29, 2026View Source ↗

Stepan Company reported second quarter 2026 net income of $22.9 million and adjusted EBITDA of $74.4 million, reflecting strong performance in its Surfactant and Polymer segments. The company announced a plan to reduce its global salaried workforce by approximately 100 roles as part of Project Catalyst, estimating $4 million to $6 million in restructuring charges for the third quarter. Additionally, Jan Stern Reed resigned from the Board effective July 27, 2026, while Randall S. Dearth and Susan M. Lewis were appointed committee chairs, and Matthew J. Eaken was named Principal Accounting Officer. The Board also declared a quarterly cash dividend of $0.395 per share, payable on September 15, 2026, to shareholders of record as of September 1, 2026. Stepan Company is a major manufacturer of specialty and intermediate chemicals used in cleaning, agricultural, oilfield, and industrial applications.