logo
Share SHARE
FONT-SIZE Plus   Neg

Balchem Corp. Q4 Profit Slightly Rises

Food manufacturer Balchem Corporation (BCPC) reported fourth-quarter net earnings of $9.5 million, slightly rising from last year's $9.4 million. Earnings per share remained flat at last year's $0.31.

Net sales for the quarter edged down to $69.7 million from $69.8 million last year.

Gross margin for the quarter declined to 29.9 percent from the prior year's 30.5 percent primarily due to lower sales volumes and increased raw material costs.

ARC Specialty Products segment sales for the quarter increased 6.9 percent as a result of strong volumes of ethylene oxide sold for medical device sterilization.

Sales in Food, Pharma and Nutrition segment declined 10.6 percent from last year. Animal Nutrition & Health segment showed mixed results with significant improvement coming from the ruminant production animal sector, flatness from the poultry markets, which was offset by softness in the industrial products end market.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Ford Motor Co. has unveiled a scrappage scheme for UK consumers to trade in cars over seven years old, by offering 2,000 pounds discount on some new models. Under the plan, owners of any make of car or van, including petrol and diesel, that took to the road before 2010 can get the incentive. Walmart Stores Inc. announced Monday the expansion of its online grocery delivery service to two more markets, Dallas and Orlando. The deliveries will be made through a partnership with Uber. Volkswagen AG's all electric Microbus might be available in market by 2022. As per the plan it would be available first in California.
comments powered by Disqus
Follow RTT