What is Stepan's goodwill impairment?

Stepan (SCL) reported goodwill impairment of $978K in Q2 2022.

What does goodwill impairment mean?

Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

Stepan SCL Goodwill impairment

Discontinued — last reported Q2 '22

Goodwill impairment at other companies

RPM InternationalRPM

$2.84M—

International Flavors & FragrancesIFF

$0-100%

Segments

By segment

See full

Surfactants$6.25M—

Other financials

Income statement

See full

Revenue$604.5M+1.9%

Gross profit$64.9M-14.1%

Operating income-$49.6M-275%

Net income-$41.4M-310%

EPS (diluted)-$1.81-310%

Balance sheet

See full

Cash & equivalents$140.8M+31.0%

Total debt$713.1M-2.5%

Total equity$1.2B-0.6%

Total assets$2.3B-2.4%

Cash flow

See full

Operating cash flow$16.9M+144%

CapEx$30.9M-5.7%

Free cash flow-$14.0M+45.9%

Valuation

See full

Market cap$1.25B+3.0%

Enterprise value$1.82B-0.8%

P/S0.5×0.0×

Profitability

See full

Gross margin11.1%-1.4pp

Operating margin0%-3.5pp

Net margin-0.6%-3.1pp

FCF margin1.6%—

Returns & leverage

See full

Return on equity-1.2%-5.8pp

Debt / equity0.6×0.0×

Current ratio1.3×0.0×

Where this comes from

Reported directly by Stepan in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Stepan’s 10-Q, filed August 4, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Stepan's goodwill impairment?: Stepan (SCL) reported goodwill impairment of $978K in Q2 2022.
What does goodwill impairment mean?: Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.