secwatch.observer — SEC 8-K summary
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Issuer:     BALCHEM CORP (BCPC)
CIK:        0000009326
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001628280-23-013743
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Balchem reports record Q1 sales of $232.5M; net earnings down 21.5% to $22.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9326/000162828023013743/0001628280-23-013743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9326/000162828023013743/bcpc-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013743

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