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Balchem Q1 2023 Earnings Report

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$165.49 -1.02 (-0.61%)
(As of 12/20/2024 05:15 PM ET)

Balchem EPS Results

Actual EPS
$0.70
Consensus EPS
$0.78
Beat/Miss
Missed by -$0.08
One Year Ago EPS
$0.89

Balchem Revenue Results

Actual Revenue
$232.54 million
Expected Revenue
$232.00 million
Beat/Miss
Beat by +$540.00 thousand
YoY Revenue Growth
N/A

Balchem Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

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Balchem Earnings Headlines

Balchem Increases Annual Dividend by 10.1%
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Balchem Raises Annual Dividend by 10%
Balchem Corporation Announces Dividend
Balchem Corp.
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About Balchem

Balchem (NASDAQ:BCPC) develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets worldwide. It operates through three segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. The Human Nutrition & Health segment supplies ingredients in the food and beverage industry. Its products include spray dried and emulsified powders, extrusion and agglomeration, blended lipid systems, liquid flavor delivery systems, juice and dairy bases, chocolate systems, and cereal systems, as well as ice cream bases and variegates. This segment also offers specialty vitamin K2; microencapsulation solutions for various applications; and human grade choline nutrients and mineral amino acid chelated products for nutrition and health applications. The Animal Nutrition & Health segment provides microencapsulated products to enhance health and milk production, and delivering nutrient supplements in ruminant animals; chelation technology, which offers enhanced nutrient absorption for various species of production and companion animals; methylsulfonylmethane; and choline chloride, a nutrient for monogastric animal health. The Specialty Products segment distributes ethylene oxide and ammonia primarily for use in the health care industry; and single use canisters for sterilizing re-usable devices. This segment also markets and sells propylene oxide, a fumigant to aid in the control of insects and microbiological spoilage, as well as to reduce bacterial and mold contamination in shell and processed nut meats, processed spices, cacao beans, cocoa powder, raisins, figs, and prunes; and chelated minerals for high value crops. It sells its products through sales force, independent distributors, and sales agents. The company was incorporated in 1967 and is headquartered in Montvale, New Jersey.

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