Balchem Clocks 13% Sales Growth In Q3, Tops Consensus

  • Balchem Corp BCPC reported third-quarter FY21 sales growth of 13% year-on-year, to $197.87 million, beating the analyst consensus of $196.13 million.
  • Sales from Human Nutrition and Health segment rose 7.3% Y/Y to $111.2 million, Animal Nutrition and Health increased 21.2% to $56.2 million, and Specialty Products grew 20% to $27.6 million.
  • The gross margin increased 8.1% Y/Y to $60.9 million, with the margin contracting 139 basis points 30.7%.
  • The operating margin was 16.4%, and operating income for the quarter rose 12% to $32.5 million.
  • Balchem held $90 million in cash and equivalents as of September 30, 2021. Cash flow from operations totaled $39.6 million with a free cash flow of $31.1 million.
  • Adjusted EPS of $0.92 beat the analyst consensus of $0.90.
  • Adjusted EBITDA was $48.3 million, an increase of 8.8% Y/Y.
  • "We expect these macro-economic challenges, including global supply chain disruptions and input cost inflation, to continue to accelerate into the fourth quarter and next year, and mitigating these impacts will remain a key focus for the Balchem team," said Ted Harris, Chairman, CEO, and President of Balchem.
  • Price Action: BCPC shares are trading lower by 0.39% at $152.58 on the last check Friday.

Posted In: BriefsEarningsNews

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.