STEPAN CO Q2 2026: Revenue $684.1M, EPS $1— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Stepan Co reported Q2 2026 revenue of $684.1M, up 15% YoY, and diluted EPS of $1.00, doubling net income to $22.9M. Growth was driven by higher selling prices and favorable product mix, particularly in surfactants. Strong performance occurred in Latin America and North America, while Asia declined due to asset divestiture. The company launched Project Catalyst to consolidate assets and reduce costs, with initial benefits already improving unit margins.
STEPAN CO reported second-quarter 2026 results with revenue of $684.1M and diluted earnings per share of $1, driven by higher selling prices and mix improvements that supported a doubling of net income versus the year-ago quarter.
Financial Highlights
- Revenue: $684.1M for Q2 2026, up from $594.7M in the year-ago quarter (15.0% YoY).
- Net income: $22.9M for Q2 2026, versus $11.3M in the year-ago quarter (102.4% YoY).
- Diluted earnings per share: $1.00 for Q2 2026, up from $0.50 in the year-ago quarter (100% YoY).
Business Highlights
- Revenue growth: Consolidated net sales rose 15% in Q2 and 8% for the first half, driven primarily by higher selling prices and modest volume gains.
- Regional mix: Strong volume and sales growth in Latin America and North America; Asia sales declined following the divestiture of Philippine assets.
- Product mix: Surfactants accounted for 73% of sales and led performance with favorable mix and pricing; polymers improved on polyol demand while specialty products remained stable.
- Operational actions: Launched Project Catalyst in February 2026 to consolidate assets and initiate site shutdowns aimed at improving utilization and reducing fixed costs; the company recorded significant restructuring charges related to shutdowns with initial benefits already boosting unit margins in key regions.
Original SEC Filing: STEPAN CO [ SCL ] - 10-Q - Aug. 05, 2026