Stepan reports higher 3Q 2013 earnings & sales

摘要

US-based chemicals company Stepan Co reported 3Q 2013 net income of $20.4 M, which is an increase of 1% from $20.2 M in 3Q 2012. Net sales rose 8% from $440.98 M in 3Q 2012 to $475.47 M for 3Q 2013, boosted by improved sales volumes (+9%), notably in North America. Surfactant margins were down slightly as the slow global economy and select customer de-formulations reduced demand and increased competitive activity.