Balchem delivered strong third-quarter results, driven by market penetration of specialty nutrients and delivery systems, and favorable trends in food and nutrition. The company achieved record net sales of $267.6 million and record adjusted EBITDA of $71.4 million, with growth in sales and earnings from operations across all three reporting segments.
Record net sales reached $267.6 million, marking a 5% increase compared to the prior year quarter.
GAAP net earnings were $40.3 million, a 1% increase from the prior year quarter.
Record adjusted EBITDA stood at $71.4 million, consistent with the prior year quarter.
GAAP EPS was $1.24, and adjusted EPS was a record $1.35, showing significant increases from the prior year.
Balchem is moving forward with a significant expansion project for its microencapsulation manufacturing facility, which is expected to more than double its capacity. The company also highlighted positive results from sponsored research efforts, including a key study on choline biomarkers.