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Stepan Reports Record Fourth Quarter Results and Full Year 2020 Earnings


Stepan Reports Record Fourth Quarter Results and Full Year 2020 Earnings
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Fourth Quarter Highlights
Reported net income was $30.4 million, or $1.30 per diluted share versus $22.0 million, or $0.95 per diluted share, in the prior year.  Adjusted net income was $33.1 million, or $1.42 per diluted share versus $25.7 million, or $1.10 per diluted share, in the prior year.  Total Company sales volume increased 7% versus the prior year.   
Surfactant operating income was $43.3 million versus $33.9 million in the prior year. This increase was primarily attributable to an 8% increase in global sales volume as well as improved product and customer mix.  The sales volume growth was principally due to higher demand for cleaning, disinfection and personal wash products as a result of COVID-19. ....

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Crown Holdings, Inc. Reports Strong Fourth Quarter And Full Year 2020 Results


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YARDLEY, Pa., Feb. 9, 2021 /PRNewswire/ Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter and Full Year Highlights
Earnings per share $1.12 for the quarter versus $0.64 in prior year; $4.30 full year versus $3.78 in 2019
Adjusted earnings per share $1.50 for the quarter versus $1.04 in prior year; $5.92 full year versus $5.11 in 2019
Beverage can volumes up 4% for the year
Food can volumes up 7% for the year
Over $1.3 billion in cash from operations
Record adjusted free cash flow of $756 million; more than $1.5 billion over last two years
15 billion units of beverage can capacity commercialized/announced from 2020 to end of 2022 ....

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