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Stock impact report

Balchem Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Balchem Corporation (BCPC) 
Last balchem corporation earnings: 5/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: balchem.com/investor-relations
Company Research Source: GlobeNewswire
MONTVALE, N.J., Feb. 16, 2024 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ: BCPC) reported today financial results for its 2023 fiscal fourth quarter ended December 31, 2023. The Company reported quarterly net sales of $228.7 million, quarterly net earnings of $26.6 million, adjusted EBITDA(a) of $55.4 million, and free cash flow(a) of $56.0 million. Ted Harris, Chairman, CEO, and President of Balchem said, “The fourth quarter capped off another solid year for Balchem. We delivered record fourth quarter adjusted EBITDA and very strong free cash flow, despite the continued challenging demand environment in parts of our portfolio. I am particularly pleased with our Human Nutrition and Health segment posting record fourth quarter sales and earnings.” Fourth Quarter 2023 Financial Highlights: GAAP net earnings were $26.6 million, an increase of 24.5% from the prior year.Adjusted EBITDA was $55.4 million, an increase of 5.4% from the prior year quarter Show less Read more
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