- Stepan (NYSE:NYSE:SCL) reports total sales volume growth of 12% in Q2
- Surfactant segment sales volume rose 11% due to new North American laundry business earned in July 2015.
- Polymer segment sales volume grew 14% primarily due to continued growth in polyols used in rigid foam insulation and insulated metal panels.
- Specialty Products net sales expanded 13% to $21.52M.
- Gross margin rate improved 280 bps to 20.6%.
- Operating margin rate increased 310 bps to 9.4%.
- The company expects FY2016 capex to be between $110M to $120M.