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Susan Lewis (JO:LEWJ), a director at Stepan Co (NYSE:SCL), recently acquired 500 shares of the company’s common stock, according to a recent SEC filing. The shares were purchased at a price of $63.53 each, amounting to a total transaction value of approximately $31,765. The purchase comes as SCL trades near its 52-week low of $59.55, with InvestingPro analysis indicating the stock is currently undervalued. Following this purchase, Lewis holds a total of 1,896 shares in the company. This transaction reflects Lewis’s ongoing investment in Stepan Co, a company known for its production of specialty and intermediate chemicals used in a variety of industries. The $1.41B market cap company has maintained dividend payments for 54 consecutive years, demonstrating strong shareholder commitment. For deeper insights into SCL’s financial health and growth potential, including 8 additional key ProTips, visit InvestingPro.
In other recent news, Stepan Company reported its fourth-quarter 2024 earnings, which showed an earnings per share (EPS) of $0.12, falling short of the anticipated $0.45. The company’s revenue for the quarter was $525.6 million, also below the expected $533.41 million. Despite these misses, Stepan remains optimistic about future growth, particularly in its agricultural and oilfield markets, with strategic investments in new facilities and products expected to drive performance. The company experienced a 4% increase in full-year adjusted EBITDA to $187 million, although the fourth quarter saw a 7% decrease year-over-year. Stepan’s adjusted net income for the year remained flat at $50.5 million, and the company added over 1,700 new clients in 2024. In other developments, Edward J. Wehmer announced his retirement from Stepan’s Board of Directors, effective April 2025, after serving since 2003. Randall S. Dearth is set to succeed him as Lead Independent (LON:IOG) Director. These updates reflect Stepan Company’s ongoing strategic initiatives and leadership transitions.
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