EX-99.1 2 d103427dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Stepan Company Announces $100 Million Pre-Tax Cost Out and Efficiency Plan to Support Global Operations Optimization Northbrook, IL, February 23, 2026 - Stepan Company (NYSE: SCL) today announced Project Catalyst, a comprehensive operational and efficiency plan with the objective to deliver approximately $100 million in pre-tax savings over the next two years. Project Catalyst is a key part of Stepan’s commitment to optimizing its global manufacturing footprint, driving shareholder returns and building a foundation for sustainable growth. Key elements of the plan include: Optimizing Stepan’s global manufacturing footprint through consolidation of volume into more efficient and modern assets within the network to reduce cost and improve productivity. Operational efficiency and cost optimization in manufacturing, procurement of materials and services, and through improved processes, planning and execution. Organizational effectiveness with clear accountabilities across businesses and functions, and focused resources to aggressively capture market opportunities advancing the Company’s growth strategy. As …
Open exhibit ↗Current Report · Items 2.05, 7.01, 9.01 · 8-K
Stepan Co.
SCLNYSEEQUITYCurrent
Costs Associated with Exit or Disposal Activities · Regulation FD Disclosure
Item 2.05. Costs Associated with Exit or Disposal Activities. On February 20, 2026, the Board of Directors of Stepan Company (“Stepan” or the “Company”) approved a comprehensive operational and efficiency plan with the objective to deliver approximately $100 million in pre-tax savings over the next two years (“Project Catalyst”).…
Recent company filings
- 10-Q filingAug 5, 2026
- Results of Operations and Financial Condition · Costs Associated with Exit or Disposal Activities · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other EventsJul 29, 2026
- SD filingMay 29, 2026
- 10-Q filingMay 6, 2026
- Submission of Matters to a Vote of Security HoldersApr 30, 2026
Disclosure sections
Item 2.05Item 2.05 - Costs with Exit or Disposal
Item 2.05. Costs Associated with Exit or Disposal Activities.
On February 20, 2026, the Board of Directors of Stepan Company (“Stepan” or the “Company”) approved a comprehensive operational and efficiency plan with the objective to deliver approximately $100 million in pre-tax savings over the next two years (“Project Catalyst”). As part of Project Catalyst, the Company will close its Fieldsboro, New Jersey site and decommission select assets at its Elwood (Millsdale), Illinois and Stalybridge, United Kingdom facilities, by mid-2026.
The Company anticipates recognizing restructuring charges in the range of $70 to $80 million in 2026, of which approximately $52 to $62 million is expected to be recognized in the three months ending March 31, 2026. Over the course of the project, cash and non-cash impacts are projected to be in the range of $29 to $44 million and $58 to $62 million, respectively. The restructuring costs will include asset write-downs, decommissioning costs and other related expenses.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On February 23, 2026, Stepan issued a press release announcing Project Catalyst and furnished an investor presentation summarizing the initiative. A copy of the press release is attached hereto as Exhibit 99.1. A copy of the investor presentation is available on the Company’s website under the “Investors” section.
The information in this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.