Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Balchem Corp. Q4 Profit Slightly Rises

RELATED NEWS
Trade BCPC now with 

Food manufacturer Balchem Corporation (BCPC: Quote) 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.

Click here to receive FREE breaking news email alerts for Balchem Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast. Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.