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Balchem Corp. (BCPC)
NASDAQ:BCPC
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.11Last Year’s EPS
$0.95Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2024
|% Change Since: -0.40%
|Next Earnings Date:Feb 14, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall financial performance with record earnings and growth in key segments, despite challenges in the Animal Nutrition & Health segment and increased costs. The company's focus on innovation and debt reduction further contributed positively.Company Guidance
During Balchem's Q3 2024 earnings call, the company reported strong financial performance with consolidated revenues of $240 million, marking a 4.3% increase from the previous year. Gross margin dollars rose by 11.5%, and the gross margin percentage expanded by 230 basis points to 35.6%. Earnings from operations reached a record $48 million, up 10% year-over-year, and adjusted EBITDA climbed to $64 million, reflecting a 7.6% growth with an adjusted EBITDA margin of 26.8%. The company also recorded a net income of $34 million, an increase of 16.4%, resulting in earnings per share of $1.03 on a GAAP basis and $1.13 on a non-GAAP basis. Additionally, cash flows from operations were $51 million, with free cash flow amounting to $42 million. Balchem's Human Nutrition & Health segment led the growth, complemented by a strong performance in Specialty Products, which offset the challenges in the Animal Nutrition & Health segment. The company emphasized its continued focus on innovation and new product launches, which are expected to bolster future growth.Strong Financial Performance
Balchem reported a strong quarter with consolidated revenues of $240 million, an increase of 4.3% compared to the prior year. Gross margin dollars grew 11.5%, and the gross margin percentage expanded by 230 basis points to 35.6%.
Record Earnings
Earnings from operations reached $48 million, a 10% increase versus the prior year, with record adjusted EBITDA of $64 million, up 7.6%.
Human Nutrition & Health Segment Growth
The Human Nutrition & Health segment generated sales of $152 million, an increase of 5.4% from the prior year, driven by higher sales within the minerals and nutrients business and the food and beverage markets.
Innovative Product Launches
New products include AminoShure-XL in Animal Nutrition & Health and K2VITAL DELTA Fermented and VitaCholine Pro-Flo in Human Nutrition & Health, highlighting ongoing innovation.
Debt Reduction
Balchem reduced its debt by $40 million in the third quarter, ending with net debt of $153 million and a leverage ratio of 0.6.
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BCPC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BCPC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $166.16 | $171.46 | +3.19% |
| Jul 26, 2024 | $174.81 | $180.78 | +3.42% |
| May 03, 2024 | $146.28 | $150.40 | +2.82% |
| Feb 16, 2024 | $146.39 | $149.20 | +1.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Balchem Corp. (BCPC) report earnings?
Balchem Corp. (BCPC) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Balchem Corp. (BCPC) earnings time?
Balchem Corp. (BCPC) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BCPC EPS forecast?
BCPC EPS forecast for the fiscal quarter 2024 (Q4) is $1.11.
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