By Katherine Hamilton
Stepan shares advanced after the company said it is still on track to meet financial expectations despite tariffs and uncertainty.
Its stock gained 6% to $51.25 on Tuesday following earnings, though it is still down 21% this year.
The chemicals maker said Tuesday morning it was cautiously optimistic it could deliver its full-year earnings projections despite market uncertainty and the impact of tariffs. It reaffirmed its adjusted income growth and adjusted earnings before interest, taxes, depreciation and amortisation.
For the first quarter, Stepan posted a profit of $19.7 million, or 86 cents a share, up from $13.9 million, or 61 cents a share, during the same period the year before. Revenue increased 8% to $593.3 million.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 29, 2025 12:31 ET (16:31 GMT)
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