Stepan Company (NYSE:SCL) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET
Company Participants
Sam Hinrichsen - Vice President and Interim CFO
Quinn Stepan - Chairman
Luis Rojo - President and CEO
Conference Call Participants
Mike Harrison - Seaport Research Partners
Dave Storms - Stonegate
David Silver - CL King and Associates
Operator
Good morning. And welcome to the Stepan Company Third Quarter 2024 Earnings Conference Call. During the presentation, all participants will be in listen-only mode. Afterward, we will conduct a question-and-answer session. [Operator Instructions]
Please be advised that today’s conference has been recorded. As a reminder, this call is being recorded on Wednesday, October 30, 2024. It is now my pleasure to turn the call over to Mr. Sam Hinrichsen, Vice President and Interim Chief Financial Officer of Stepan Company. Mr. Hinrichsen, please go ahead.
Sam Hinrichsen
Good morning. And thank you for joining Stepan Company’s third quarter 2024 financial review.
Before we begin, please note that information in this conference call contains forward-looking statements, which are not historical facts. These statements involve risks and uncertainties that could cause actual results to differ materially, including but not limited to prospects for our foreign operations, global and regional economic conditions, and factors detailed in our Securities and Exchange Commission’s filings.
In addition, this conference call will include discussions of adjusted net income, adjusted EBITDA and free cash flow, which are non-GAAP measures. We provide reconciliations to the comparable GAAP measures in the earnings presentation and press release, which we have made available at www.stepan.com under the Investors section of our website.
Whether you are joining us online or over the phone, we encourage you to review the Investors slide presentation. We make these slides available at approximately the same time as when the earnings release is issued and we hope that you find the information and perspectives helpful.
With that, I would like to turn the call over to Mr. Quinn Stepan, the Chairman of Stepan Company.
Quinn Stepan
Good morning. Today we announce that our Board of Directors has appointed Luis Rojo as the company’s President and CEO and a member of the Board, effective immediately. Luis succeeds Scott Behrens, who has served in that role for the past three years. We thank Scott for his leadership and his many contributions to the growth and diversification of Stepan over his 30-year career with the company.
As you are aware, Luis has served as the CFO of Stepan for the past seven years. During his tenure, Luis has developed a deep understanding of all aspects of our business. And while he naturally has a strong financial mindset that will serve him well in the CEO role, he is also a strategic thinker and will ensure we execute on present market and operational opportunities.