secwatch.observer — SEC 8-K summary
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Issuer:     BALCHEM CORP (BCPC)
CIK:        0000009326
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001628280-23-004959
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9326/000162828023004959/0001628280-23-004959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9326/000162828023004959/bcpc-20230224.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004959

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