earnings
confidence high
sentiment positive
materiality 0.80
Balchem Q2 net sales $284M (+11.2% YoY); record quarterly earnings; credit facility expanded to $650M
BALCHEM CORP
- Net sales $284.0M (+11.2% YoY); GAAP EPS $1.39 vs $1.17; adjusted EPS $1.49 vs $1.27.
- Record quarterly net earnings $44.6M (+16.6%) and adjusted EBITDA $77.9M (+12.6%).
- Credit agreement amended: borrowing capacity increased to $650M, maturity extended to July 24, 2031.
- Repurchased $29M of stock in Q2, $114M over trailing twelve months.
- All three reporting segments delivered sales and earnings growth.