Stepan Company (SCL) reported second-quarter 2026 net income of $22.9 million, up 102% from a year earlier, as net sales rose 15% to $684.1 million. Diluted earnings per share were $1.00, compared with $0.50 in the prior-year quarter.
The company said adjusted EBITDA increased 45% to $74.4 million, with higher Surfactant and Polymer earnings driven by volume growth and margin recovery. Stepan also announced a plan to reduce its global salaried workforce by about 100 positions as part of Project Catalyst.
- Second-quarter net sales were $684.1 million, compared with $594.7 million a year earlier.
- Reported net income was $22.9 million, compared with $11.3 million in the prior-year quarter.
- Diluted EPS was $1.00, compared with $0.50 a year earlier.
- Surfactant net sales increased 18% to $483.9 million, while Polymer net sales rose 9% to $178.0 million.
- Cash from operations was $8.4 million, and free cash flow was negative $15.0 million during the quarter.
- Stepan anticipates full-year restructuring charges of $75.0 million to $80.0 million, with a projected cash impact of $14.0 million to $18.0 million.
$SCL Hedge Fund Activity
We have seen 123 institutional investors add shares of $SCL stock to their portfolio, and 67 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WESTWOOD HOLDINGS GROUP INC removed 741,307 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $37,050,523
- INVENOMIC CAPITAL MANAGEMENT LP removed 183,264 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $9,159,534
- GENDELL JEFFREY L added 156,435 shares (+1721.9%) to their portfolio in Q1 2026, for an estimated $7,818,621
- TWO SIGMA INVESTMENTS, LP added 138,750 shares (+73.4%) to their portfolio in Q1 2026, for an estimated $6,934,725
- NUVEEN, LLC added 126,694 shares (+160.6%) to their portfolio in Q1 2026, for an estimated $6,332,166
- AMERICAN CENTURY COMPANIES INC added 120,067 shares (+19.6%) to their portfolio in Q1 2026, for an estimated $6,000,948
- TOWLE & CO added 105,940 shares (+inf%) to their portfolio in Q1 2026, for an estimated $5,294,881
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
