---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-004959"
form_type: "8-K"
ticker: "BCPC"
cik: "0000009326"
company_name: "BALCHEM CORP"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T01:13:44.771922+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Balchem Q4 net sales up 9.1% to $232.5M; adjusted EPS $0.94; dividend raised 10.9%

## Summary
- Q4 net sales $232.5M (+9.1% YoY); GAAP net earnings $21.4M (-14.2%); adjusted net earnings $30.3M (+9.1%).
- Adjusted EBITDA $52.3M (+14.6%); full-year record sales $942.4M (+17.9%) with record sales in all three segments.
- Full-year record GAAP EPS $3.25; record adjusted EPS $4.03; operating cash flow $138.5M; free cash flow $89.4M.
- Dividend increased 10.9% to $0.71/share, marking 14th consecutive year of double-digit dividend growth.
- Net debt $374.0M; leverage ratio 1.7x; repaid $103M revolving debt in 2022.

## SEC filing metadata
- accession: 0001628280-23-004959
- form_type: 8-K
- ticker: BCPC
- cik: 0000009326
- company_name: BALCHEM CORP
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/9326/000162828023004959/0001628280-23-004959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/9326/000162828023004959/bcpc-20230224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-004959
- JSON: https://secwatch.observer/filing/0001628280-23-004959.json
- Plain text: https://secwatch.observer/filing/0001628280-23-004959.txt

## Key facts
- Earnings Releases
  BALCHEM CORP reported the quarter ended December 31, 2022 results: revenue $232.5 million, net income $21.4 million, EPS $0.66.
  - Period: the quarter ended December 31, 2022
  - Revenue: $232.5 million
  - Net income: $21.4 million
  - EPS: $0.66
  - Result: reported results
  source text: Balchem Corporation (NASDAQ: BCPC) reported today fourth quarter net sales of $232.5 million for 2022, compared to net sales of $213.1 million for the fourth quarter 2021. Fourth quarter net earnings were $21.4 million for 2022, compared to net earnings of $24.9 million for the fourth quarter 2021, with adjusted net earnings (a) of $30.3 million, compared to $27.8 million in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/9326/000162828023004959/0001628280-23-004959-index.htm
- Earnings Releases
  BALCHEM CORP reported the year ended December 31, 2022 results: revenue $942.4 million, net income $105.4 million, EPS $3.25.
  - Period: the year ended December 31, 2022
  - Revenue: $942.4 million
  - Net income: $105.4 million
  - EPS: $3.25
  - Result: reported results
  source text: Balchem Corporation also reported for the full year 2022 net sales of $942.4 million, compared to $799.0 million for 2021. Full year 2022 net earnings were $105.4 million, compared to net earnings of $96.1 million for 2021, with adjusted net earnings of $130.5 million, compared to $116.6 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/9326/000162828023004959/0001628280-23-004959-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.