earnings
confidence high
sentiment positive
materiality 0.60
Balchem Q1 2022: Record sales $228.9M, GAAP EPS $0.89, adjusted EPS $1.03, all segments up double-digit
BALCHEM CORP
2022-Q1 EPS reported
$0.89
revenue$228,867,000
- Net sales $228.9M (+23.3% YoY); GAAP net earnings $28.9M (+23.6% YoY); diluted GAAP EPS $0.89.
- Adjusted EPS $1.03 (vs $0.87 YoY); adjusted EBITDA $53.6M (+17.2% YoY).
- All three segments (Human Nutrition, Animal Nutrition, Specialty Products) delivered double-digit sales growth.
- Cash from operations $7.0M; free cash flow $(2.8)M for the quarter.
- Released 2021 Sustainability Report; targets 25% reduction in emissions and water usage by 2030.