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Sep 30, 2020
Balchem Q3 2020 Earnings Report
Balchem reported record third-quarter sales and increased net earnings.
Key Takeaways
Balchem Corporation reported record third quarter net sales of $175.1 million and net earnings of $21.6 million. The company's adjusted EBITDA reached an all-time record of $44.4 million.
Net sales increased by 10.4% to $175.1 million compared to the prior year quarter, driven by growth in Human Nutrition & Health and Animal Nutrition & Health segments.
GAAP net earnings increased by 4.3% to $21.6 million, resulting in GAAP earnings per share of $0.66.
Adjusted net earnings increased by 2.3% to $26.9 million, resulting in adjusted earnings per share of $0.83.
Adjusted EBITDA increased by 10.1% to $44.4 million from the prior year.
Forward Guidance
The company did not provide specific forward guidance in the provided document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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