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
Facebook's Chief Operating Officer Sheryl Sandberg said the company would be a founding partner of Station F start-up garage in Paris. There will be more than 3000 desks for tech companies at the start-up garage. In its first ever start-up project, Facebook plans to have 80 desks and would initiate the activities by April. Book retailer Barnes & Noble has pulled off from shelves its Nook tablet due to a faulty charger, after launching the cheap 7-inch tablet in November to take on Amazon's popular Fire tablets. Nook tablet has been removed from brick and mortar stores as well from online. Barnes & Noble has not issued... Morgan Stanley (MS) reported fourth-quarter net income applicable to company of $1.7 billion, or $0.81 per share compared with income of $908 million, or $0.39 per share, for the same period a year ago. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share...
comments powered by Disqus
Follow RTT