Balchem Q4 Profit Rises - Quick Facts

(RTTNews) - Balchem Corp. (BCPC) reported that its fourth-quarter net earnings were $10.7 million, an increase of 8.6% from last year's $9.9 million, with net earnings per share improving 6.1% to $0.35 from $0.33 in the prior year comparable period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly sales were $81.6 million, an increase of about 2.0% from $80.1 million in the prior year comparative quarter.

Dino Rossi, Chairman, CEO and President of Balchem said,"We concluded the year with new quarterly records in both revenue and earnings, achieving record annual results in line with our expectations. Certain sectors of the segments continued to grow at double-digit rates, and even though more modest growth rates were realized in the industrial markets this quarter, margin percentage improvement occurred due to certain manufacturing efficiencies and the portfolio product mix. We do expect each of the markets served to continue to grow organically in 2014 and to execute on our strategy to strengthen the business portfolio and geographies served through acquisition(s)."