Stepan Q1 FY26 turns to net loss of $41.1 million; net sales rise 2% to $604.5 million

Stepan Co

Stepan Co

SCL

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  • Stepan posted a net loss of $41.1 million, or $1.81 per diluted share, in first-quarter 2026, swinging from profit a year earlier on a $51.2 million after-tax restructuring charge.
  • Net sales rose 2% to $604.5 million, with foreign currency translation adding $25.3 million while consolidated sales volume fell 3%.
  • Operating results turned to a $49.6 million loss as corporate expenses jumped to $81.7 million, driven by a $65.4 million pre-tax restructuring charge.
  • Project Catalyst calls for shutting down Fieldsboro, New Jersey and decommissioning select assets at Elwood, Illinois (Millsdale) and Stalybridge, U.K. during first-half 2026.


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