Balchem Corp. (BCPC) posted fourth-quarter net earnings of $9.9 million or $0.33 per share, compared to $9.5 million or $0.31 per share in the comparable quarter last year. On average, three analysts polled by Thomson Reuters expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $80.06 million, an increase of about 5% from $79.7 million reported in the prior year comparative quarter. Analysts had consensus revenue estimate of $71.51 million for the quarter.
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