Earnings Call Summary | Stepan(SCL.US) Q1 2024 Earnings Conference
Earnings Call Summary | Stepan(SCL.US) Q1 2024 Earnings Conference
The following is a summary of the Stepan Company (SCL) Q1 2024 Earnings Call Transcript:
以下是斯蒂芬公司（SCL）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Stepan Company's adjusted EBITDA for Q1 2024 was up 5% YoY to $51.2 million.
Global sales decreased 15% YoY due to lower selling prices and unfavorable product mix, partially offset by a 1% increase in global sales volume.
Net sales in Q1 2024 decreased 15% YoY, primarily impacted by lower costs for raw materials and unfavorable product mix.
The company generated positive free cash flow of $11.4 million in Q1 2024.
Stepan successfully repaid $8.5 million in dividends with $125 million remaining under the share repurchase program.
Adjusted net income decreased to $14.7 million in Q1 2024 compared to the prior year's $16.4 million.
斯蒂芬公司2024年第一季度調整後的息稅折舊攤銷前利潤同比增長5％，至5,120萬美元。
由於較低的銷售價格和不利的產品組合，全球銷售額同比下降了15％，但部分被全球銷量的增長1％所抵消。
2024年第一季度的淨銷售額同比下降了15％，這主要是受原材料成本降低和不利產品組合的影響。
該公司在2024年第一季度創造了1140萬美元的正自由現金流。
Stepan成功償還了850萬美元的股息，股票回購計劃還剩1.25億美元。
2024年第一季度調整後的淨收入從上一年的1,640萬美元降至1,470萬美元。
Business Progress:
業務進展：
Weakness in the agricultural and operational issues at their Millsdale site were counterbalanced by strong recovery in volumes across other core markets.
Significant growth observed in Personal Care, Oilfield end markets, and in Latin American surfactant volumes.
The construction of a new alkoxylation production facility in Pasadena, Texas, is around 90% complete and due to startup in Q4 2024.
Added around 400 new Tier 2 and Tier 3 customers in Q1 2024, further diversifying its customer base.
Stepan's initiatives are on track to deliver $50 million in cost savings in 2024.
Continuous investment in business growth and returning cash to shareholders is planned.
Expectation of EBITDA improvement in the second half of the year due to predicted rebound in agriculture business.
Increased demand at the farmer level is anticipated starting in Q3 or Q4 of the year due to expected inventory destocking phase in agriculture business.
其他核心市場銷量的強勁復甦抵消了他們米爾斯代爾工廠農業和運營問題的疲軟。
個人護理、油田終端市場和拉丁美洲表面活性劑的銷量均出現顯著增長。
位於德克薩斯州帕薩迪納的新烷氧基化生產設施的建設已完成約90％，並將於2024年第四季度啓動。
2024年第一季度增加了約400名新的二級和三級客戶，進一步實現了其客戶群的多元化。
Stepan 的舉措有望在2024年節省5000萬美元的成本。
計劃持續投資於業務增長並向股東返還現金。
由於預計農業業務將反彈，預計下半年息稅折舊攤銷前利潤將有所改善。
由於農業業務的庫存減少階段，預計從今年第三季度或第四季度開始，農民層面的需求將增加。
More details: Stepan IR
更多詳情： Stepan IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。