BNET Industries
Market Cap:$576.1M
Last Fiscal Year Sales:$1.3B
- Public
- US
Dow Jones Description
Stepan Company, which was incorporated under the laws of the state of Delaware on February 19, 1959, and its subsidiaries (the Company) produce specialty and intermediate chemicals, which are sold to other manufacturers and then made into a variety of end products. The Company has three reportable segments: surfactants, polymers and specialty products. Surfactants refer to chemical agents that affect the interaction between two surfaces; they can provide actions such as detergency (i.e., the ability of water to remove soil from another surface), wetting and foaming, dispersing, emulsification (aiding two dissimilar liquids to mix), demulsification, viscosity modifications and biocidal disinfectants. Surfactants are the basic cleaning agent in detergents for washing clothes, dishes, carpets, fine fabrics, floors and walls. Surfactants are also used for the same purpose in shampoos and conditioners, fabric softeners, toothpastes, cosmetics and other personal care products. Commercial and industrial applications include emulsifiers for agricultural products, emulsion polymers such as floor polishes and latex foams and coatings, wetting and foaming agents for wallboard manufacturing, surfactants for enhanced oil recovery and biodiesel. In September 2008, the Company entered into a joint venture agreement with Nalco Company. The joint venture, named TIORCO, LLC, was formed to market chemical solutions for increased production of crude oil and gas from existing fields. ...
Chairman, Chief Executive Officer and Sole Owner
Thomas F. GrojeanNumber of Employees 1,578
Peer Companies
NAICS Code Surface Active Agent Manufacturing: 325613
Recent Events
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Stepan Co. SCL Posts Q3 EPS of $1.80; Raises Quarterly Dividend to $0.24
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Zacks' Discount Fundamental Strength Strategy Highlights: Stepan Company, Core-Mark Holding,...
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Stepan Reports Record Second Quarter and First Half Earnings
News & Analysis
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stepan co. - All News and Analysis
Stepan Co. Q4 2008 Earnings Call Transcript
Earnings Call ExcerptStepan Co. SCL Q4 2008 Earnings Call February 11, 2009 2:00 pm ET Executives James E. Hurlbutt – Chief Financial Officer Analysts George Gasper – Robert Baird [John Beier – SKA Financial] Presentation Operator Welcome to Stepan Company’s fourth quarter 2008 conference call. (Operator...
Stepan Co. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. We do have a question from George Gasper – Robert Baird. George Gasper – Robert Baird I had a question in terms of product development on the oil seal side. Is there any update that you can give us for the past...
Stepan Company Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Daniel Rizzo – Sidoti & Company, LLC. Daniel Rizzo – Sidoti & Company, LLC I understand that you said a lot of the, some of the margin gains were because of just better product mix. Are...
Stock Screen: Price Momentum + Fundamentals = Profits
Mark Barath submits: Ultimately the performance of a stock will follow the underlying fundamentals of a firm. Stocks that are rising quickly usually represent firms which are executing well and have strong profit growth. On the other hand, stocks that are falling usually represent firms that are failing to grow...
Dividend Investment Myths
Dividend Inc. submits: There is a commonly told myth that says that companies that pay a dividend misallocate funds that could be used to generate new revenue or grow the company. According to this myth the lack of growth in the company will keep the stock's price low...
Stepan Company Q1 2008 Earnings Conference Call Transcript
Question-and-Answer Session Operator Thank you. Operator instructions And our first question comes from the line of Aaron Weitman with Appaloosa. Please proceed. Aaron Weitman – Appaloosa Hi, guys. I was wondering how much sulfur, sulfuric acid and phosphoric acids do you consume? Are those some of the products...
Stepan Company Q1 2008 Earnings Conference Call Transcript
Question-and-Answer Session Operator Thank you. Operator instructions And our first question comes from the line of Aaron Weitman with Appaloosa. Please proceed. Aaron Weitman – Appaloosa Hi, guys. I was wondering how much sulfur, sulfuric acid and phosphoric acids do you consume? Are those some of the products...
Stepan Company Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions And our first question comes from the line of George Gaspar - Robert W. Baird. George Gaspar - Robert W. Baird Could you relate a little bit more on where you are with some of the capacity levels within the company...
Chemical Companies Hike Prices For Derivatives and Surfactants
STEPAN COMPANY, Petresa Canada Inc. and Union Carbide Corporation are planning to increase prices on several of their product lines, effective April 1. Stepan says it will raise surfactant prices because of extensive raw material increases on products that are critical to its production....
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| F. Quinn Stepan | President |
| James Hurlbutt | CFO & Vice President |
| Anthony Zoglio | Vice President, Supply Chain |
| Arthur W Mergner | Vice President, Procurement |
| Charles Brown | Vice President, Latin America |
| Edmund A. Perreault | Vice President, Purchasing |
| Edward H. Buening | Vice President, Surfactant Sales |
| Edward T C Hyer | Vice President, Plant Operations, the Americas |
| Frank Pacholec | Vice President, R & D |
| Greg Servatius | Vice President, HR |
| H. Edward Wynn | Vice President |
| James S. Pall | Vice President, Business Development |
| John V. Venegoni | Vice President |
| Matthew I. Levinson | Vice President, Global Process Development |
| Richard H. Wehman, JR | Vice President, Strategic Purchasing |
| Robert S. Mangold | Vice President, North American Plant Operations |
| Robert Wood | Vice President |
| Tony Martin | Vice President, Europe |
| Craig Tickel | Director, Global Quality |
| Deb Stefaniak | Director, Global Logistics |
| Kyle Montgomery | Director, Supply Chain, Europe |
| Scott Behrens | Director, Functional Products, Surfactants |
| Debbi Bobbitt | Coordinator, Advertising |
| Kathleen O Sherlock | Assistant Secretary & Assistant General Counsel |
| Robert G. Potter | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Thomas F. Grojean | Chairman, Chief Executive Officer and Sole Owner |
| Edward J. Wehmer | Board of Directors |
| Gary E. Hendrickson | Board of Directors |
| Gregory E. Lawton | Board of Directors |
| Paul H. Stepan | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Grojean Transportation Inc. | Chief Executive Officer | Current |
| Stepan Company | Chairman, Chief Executive Officer and Sole Owner | Current |
| Conferencingsite.Com | Current | |
| Grojean Transportation Inc. | Chairman | Current |
| Solutia Inc. | Chief Executive Officer | Former |
| ASIS International | member | Former |
| Solutia Inc. | Potter Former Chairman | Former |
| Stepan Company | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | President | Current |
| Stepan Company | Chairman | Current |
| Stepan Company | Chief Executive Officer | Former |
| Stepan Company | Chief Operating Officer | Former |
| Stepan Company | Executive Officer | Former |
| Stepan Company | Board of Directors | Former |
James E. Hurlbutt has served the Company as Vice President Finance since February 2005. From February 2002 until February 2005, he served the Company as Vice President and Controller.
| Organization | Position | Status |
|---|---|---|
| Stepan Company | CFO & Vice President | Current |
| Stepan Company | Board of Directors | Current |
| Stepan Company | Controller. | Former |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Supply Chain | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Procurement | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Latin America | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Purchasing | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Surfactant Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Plant Operations, the Americas | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, R & D | Current |
| Monsanto Company | Former |
Gregory Servatius has served the Company as Vice President, Human Resources since February 2006. From April 2003 until January 2006, he served as Vice President, Surfactant Sales. From October 2001 until April 2003, he served as Vice President, Functional Products.
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, HR | Current |
H. Edward Wynn was appointed elected Vice President, General Counsel and Secretary effective January 9, 2007. From 2005 until 2006, he served as Chief Administrative Officer and General Counsel with Heritage Development Partners, LLC. From 2003 until 2005, he served as Chief Administrative Officer and General Counsel with the Illinois Department of Central Management Services. From 2001 until 2003 he was a partner at Winston and Strawn. From 1989 until 2000 he served in various legal and regulatory positions at SBC Communications, Inc. and Ameritech (both now AT&T).
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President | Current |
| Stepan Company | Board of Directors | Current |
| Winston & Strawn LLP | Partner | Former |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President | Current |
| Stepan Company | General Manager, Surfactants | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Global Process Development | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Strategic Purchasing | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, North American Plant Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President | Current |
| Stepan Company | General Manager, Polymers | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Vice President, Europe | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Director, Global Quality | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Director, Global Logistics | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Director, Supply Chain, Europe | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Director, Functional Products, Surfactants | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Coordinator, Advertising | Current |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Assistant Secretary & Assistant General Counsel | Current |
| Stepan Company | Board of Directors | Current |
Edward J. Wehmer (55), Director since 1996 Since May 1998,Mr.Wehmer has served as President and Chief Executive Officer of the Company. Prior to May 1998, he served as President and Chief Operating Officer of the Company since its formation in 1996.He served as the President of Lake Forest Bank from 1991 to 1998. He serves as a Director or Advisory Director of each of the Company’s main operating subsidiaries. Mr. Wehmer is a certified public accountant and earlier in his career spent seven years with the accounting firm of Ernst & Young LLP specializing in the banking field and particularly in the area of bank mergers and acquisitions. Mr.Wehmer serves on the board of directors of Stepan Company (NYSE), a chemical manufacturing and distribution company, as a trustee for Children’sMemorial Hospital and Foundation and on the Finance Board and the School Board of the Archdiocese of Chicago. He is also a former Chairman of the Board of Trustees for Loyola Academy in Wilmette, Illinois.
| Organization | Position | Status |
|---|---|---|
| Wintrust Financial Corporation | Chief Executive Officer | Current |
| Stepan Company | Board of Directors | Current |
| Wintrust Financial Corporation | Board of Directors | Current |
| Wintrust Financial Corporation | President | Former |
| Organization | Position | Status |
|---|---|---|
| The Valspar Corporation | President & Chief Operating Officer | Current |
| The Academic Approach | Current | |
| Quikrete International, Inc. | Current | |
| Stepan Company | Board of Directors | Current |
| The Valspar Corporation | Senior Vice President | Former |
| Phillips Exeter Academy | Former | |
| Harvard University | MBA | Former |
| University of Connecticut | Bachelors Degree | Former |
| Merrimack College | BA | Former |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Board of Directors | Current |
| General Cable Corporation | Board of Directors | Current |
| Smart Grid Newsletter | Board of Directors | Current |
| JohnsonDiversey, Inc. | Chief Executive Officer | Former |
| JohnsonDiversey, Inc. | President | Former |
| Nutone, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| Stepan Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Arch Coal, Inc. | Chairman | Current |
| Stepan Company | Director | Current |
| Solutia Inc. | Chief Executive Officer | Former |
| Solutia Inc. | Chairman | Former |
| Arch Coal, Inc. | Director | Former |
Executive News
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Wintrust Financial announces new appointments
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Wintrust Financial Corporation Hires Bank CEO & St. Charles Lending Team
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Wintrust Financial Corporation Hires Bank CEO & St. Charles Lending Team
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