Stepan Company (NYSE:SCL) filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, disclosing third-quarter net sales of $692,154 thousand and a nine-month net loss of $682 thousand driven largely by business restructuring charges.

Key Highlights

  • Q3 2026 net sales: $692,154 thousand, up from $590,284 thousand in Q3 2025.
  • Q3 2026 net income: $17,813 thousand, or $0.78 per basic and diluted share, compared to $10,839 thousand, or $0.47 per share, in Q3 2025.
  • Nine-month net loss: $(682) thousand, or $(0.03) per basic and diluted share, versus net income of $41,891 thousand for the same period in 2025.
  • Business restructuring charges: $5,582 thousand in Q3 2026 and $76,127 thousand for the nine months ended September 30, 2026, with no comparable charges in 2025.
  • Total assets: $2,390,397 thousand as of September 30, 2026, compared to $2,357,702 thousand at December 31, 2025.
  • Operating cash flow: $54,639 thousand for the nine months ended September 30, 2026, versus $87,891 thousand for the same period in 2025.
  • Shares outstanding: 22,734,661 shares of common stock as of October 30, 2026.

Stepan Q3 2026 Results: Sales Rebound, Restructuring Weighs on Nine-Month Income

According to the filing, Stepan Company reported third-quarter 2026 net sales of $692,154 thousand, an increase from $590,284 thousand in the prior-year quarter. Gross profit for Q3 2026 was $87,581 thousand, compared with $71,023 thousand in Q3 2025. The company disclosed operating income of $25,959 thousand for the quarter, up from $21,794 thousand in Q3 2025, after absorbing $5,582 thousand in business restructuring charges that had no equivalent in the prior-year period.

For the nine months ended September 30, 2026, the company reported a net loss of $(682) thousand, or $(0.03) per share, against net income of $41,891 thousand, or $1.83 per share, for the nine months ended September 30, 2025. The filing shows that nine-month operating income fell to $13,547 thousand from $68,047 thousand in the year-ago period, with $76,127 thousand in business restructuring charges cited as a significant factor. Net sales for the nine-month period were $1,980,772 thousand, up from $1,778,228 thousand a year earlier.

The condensed consolidated balance sheet as of September 30, 2026, reflected total assets of $2,390,397 thousand and total equity of $1,218,787 thousand. Cash and cash equivalents stood at $98,092 thousand, down from $132,688 thousand at December 31, 2025. The filing disclosed current maturities of debt of $292,410 thousand and long-term debt of $341,687 thousand. Net cash provided by operating activities was $54,639 thousand for the nine-month period, compared to $87,891 thousand in the same period of 2025. The company paid $26,922 thousand in dividends during the nine months ended September 30, 2026.

What Was Disclosed

Stepan Company's 10-Q for the period ended September 30, 2026, disclosed quarterly and nine-month income statements, a balance sheet, cash flow statement, and notes including details on business restructuring charges totaling $76,127 thousand for the nine-month period.