Trump announces trade deal with EU following months of negotiations
NORTHBROOK, Ill. - Stepan Company (NYSE:SCL), a global manufacturer of specialty and intermediate chemicals with a market capitalization of $1.2 billion, has announced the immediate appointment of Corning Painter to its Board of Directors. According to InvestingPro data, the company has maintained strong financial health with a Fair Value assessment suggesting the stock is currently undervalued.
Painter currently holds the position of CEO at Orion S.A., a global chemical manufacturer, since September 2018. With a career starting in 1984, he brings a wealth of experience to Stepan, having previously been an Executive Vice President for Industrial Gases at Air Products and Chemicals. His background is further solidified by his status as a Certified Professional Engineer and a chemical engineering degree from Carnegie Mellon University.
F. Quinn Stepan, Jr., Chairman of the Board of Stepan, welcomed Painter’s appointment, recognizing his "extensive leadership and chemical industry experience." Stepan Jr. expressed confidence that Painter’s strategic and operational expertise would be a valuable asset to the board.
Stepan Company, headquartered in Northbrook, Illinois, is a key player in the production of surfactants, which are essential components in various cleaning, disinfection, agricultural, and oilfield products. The company also supplies polyurethane polyols for thermal insulation and the CASE industries. With annual revenues exceeding $2.2 billion and a remarkable 54-year streak of consecutive dividend increases, Stepan operates a network of production facilities across the Americas, Europe, and Asia, and its common stock is traded on the New York Stock Exchange.InvestingPro analysis reveals multiple additional growth indicators and financial metrics for Stepan Company. Subscribers gain access to comprehensive research reports, detailed financial health scores, and exclusive insights that help investors make informed decisions. The platform offers in-depth analysis of over 1,400 US stocks, including Stepan Company’s complete financial profile.
This board appointment is based on a press release statement from Stepan Company.
In other recent news, Stepan Company reported a significant increase in its financial performance for the first quarter of 2025. The company saw a 32% rise in adjusted net income, reaching $19.3 million, and a 12% increase in adjusted EBITDA to $57.5 million. This strong performance was attributed to volume growth across several key markets and the successful start of operations at the new Pasadena site. Furthermore, Stepan Company has expanded its production capacity of Alpha Olefin Sulfonates (AOS) by 25%, enhancing its ability to meet customer demands in North America. In a strategic move, Stepan has also agreed to sell its Philippine manufacturing assets to Masurf, Inc., which aligns with its focus on core growth areas. The transaction includes a tolling agreement to ensure continued service to Southeast Asian customers. Analysts from firms like Seaport Research Partners have noted the company’s positive trajectory, particularly with the operational improvements and strategic investments. Additionally, Stepan Company remains optimistic about achieving full-year growth in 2025, despite potential challenges such as tariff impacts and market constraints.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.