Balchem Q2 Profit Rises - Quick Facts

(RTTNews) - Balchem Corp. (BCPC) reported that its second-quarter net earnings increased to $11.58 million or $0.38 per share, from $9.97 million or $0.33 per share, last year. The company said the increase reflects overall higher volumes sold in the quarter despite a disruption to production and sales in June due to the declaration of force majeure by a key raw material supplier, primarily impacting various choline and choline derivative products reported in the Animal Nutrition & Health segment.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $83.30 million, compared to $79.01 million, last year. Analysts expected revenue of $87.50 million for the quarter.

Consolidated gross margin improved 10.2% to $24.9 million, as compared to $22.6 million prior year.