earnings
confidence high
sentiment positive
materiality 0.75
Balchem Q2 record net sales $236.7M (+17% YoY), GAAP EPS $0.92, adj. EPS $1.07
BALCHEM CORP
2022-Q2 EPS reported
$1.81
revenue$465,560,000
- Record net sales $236.7M, up 17% YoY; GAAP EPS $0.92, adjusted EPS $1.07 (record).
- Adjusted EBITDA $56.5M, up 12.6% YoY; all three segments posted sales growth.
- Completed acquisition of Kappa (vitamin K2 manufacturer) on June 21, 2022; expands nutrition portfolio.
- Entered new $550M revolving credit facility due 2027, replacing $500M facility due 2023.
- Cash from operations $48.2M; net debt $357.4M, leverage ratio 1.8x.