earnings
confidence high
sentiment negative
materiality 0.65
Balchem reports record Q1 sales of $232.5M; net earnings down 21.5% to $22.7M
BALCHEM CORP
2023-Q1 EPS reported
$0.70
revenue$232,540,000
- Record Q1 net sales of $232.5M (+1.6% YoY); gross margin $73.2M.
- GAAP net earnings $22.7M ($0.70 EPS), down 21.5% from prior year $28.9M.
- Adjusted EBITDA record $56.1M (+4.8% YoY); adjusted EPS $0.94 vs $1.03.
- Cash from operations $34.8M, up 396% YoY; free cash flow $25.2M.
- No guidance update; company cites challenging market conditions.