Stepan Expects To Deliver Full Year Adjusted EBITDA Growth And Positive Free Cash Flow
Portfolio Pulse from Benzinga Newsdesk
Stepan Company (SCL) anticipates full-year adjusted EBITDA growth and positive free cash flow, driven by recovery in Rigid Polyols, growth in Surfactant volumes, and an expected recovery in the Agricultural business in the second half of the year.
April 30, 2024 | 11:06 am
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Stepan Company expects to see full-year adjusted EBITDA growth and positive free cash flow, buoyed by improvements in Rigid Polyols and Surfactant volumes, along with a recovery in the Agricultural sector.
The positive outlook provided by Stepan's President and CEO, Scott Behrens, regarding the expected recovery in key business segments such as Rigid Polyols and Surfactants, along with the Agricultural business, suggests a strong potential for revenue growth and improved financial performance. This optimism is likely to be viewed favorably by investors, potentially leading to a short-term increase in SCL's stock price.
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