Balchem Corporation Reports Net Earnings of $14.1 Million with Adjusted EBITDA of $39.5 Million for Second Quarter 2016
GlobeNewswire - Fri Aug 05, 6:00AM CDT
Balchem Corporation (NASDAQ:BCPC) today reported for the second quarter net earnings of $14.2 million, compared to net earnings of $14.9 million and $11.9 million for the second quarter 2015 and sequentially from the first quarter 2016, respectively. All-time record quarterly adjusted EBITDA was $39.5 million, compared to adjusted EBITDA of $35.0 million and $35.5 million for the second quarter 2015 and sequentially from the first quarter 2016, respectively. For the six months ended June 30, 2016, net earnings were $26.0 million with record adjusted EBITDA of $75.0 million, compared to net earnings and adjusted EBITDA of $30.1 million and $71.1 million, respectively, in the prior year. Adjusted EBITDA margin was strong, increasing in the second quarter 2016 to 28.5% from 26.0% and 26.2% in the prior year quarter and first quarter 2016, respectively, and this was a significant contributor to these results in a challenging macroeconomic environment.
BCPC: 69.80 (-0.23)
Balchem Welcomes FDA Announcement of New Daily Value for Choline
GlobeNewswire - Mon May 23, 9:42AM CDT
On May 20, 2016, the FDA issued the long-awaited food nutrition labeling Final Rule. In it, the FDA has established a Reference Dietary Intake (RDI) of 550mg of choline for foods and supplement products that include the nutrient. Products with claims on choline content or benefits will now show choline and its percent Daily Value (DV) on the label, providing consumers with a highly visible measure of the choline content of foods.
BCPC: 69.80 (-0.23)
Blachem posts 1Q profit
Automated Insights - Tue May 10, 8:13AM CDT
NEW HAMPTON, N.Y. (AP) _ Balchem Corp. (BCPC) on Tuesday reported first-quarter net income of $11.9 million.
BCPC: 69.80 (-0.23)
Balchem Corporation Reports Adjusted EBITDA of $35.5 Million for First Quarter 2016
GlobeNewswire - Tue May 10, 8:00AM CDT
Balchem Corporation (NASDAQ:BCPC) today reported for the first quarter 2016 adjusted EBITDA of $35.5 million, compared to $36.1 million in the prior year quarter and $33.7 million sequentially from the fourth quarter 2015. Adjusted EBITDA margin expanded to 26.2% from 24.9% and 25.4% in the prior year quarter and fourth quarter 2015, respectively, and this was a significant contributor to these results in a challenging oil & gas and dairy market environment.
BCPC: 69.80 (-0.23)
Balchem Corporation Announces Quarterly Conference Call for First Quarter Financial Results on May 10, 2016
GlobeNewswire - Wed Apr 27, 10:59AM CDT
Balchem Corporation (NASDAQ:BCPC) today announced that a conference call will be held on Tuesday, May 10, 2016, at 11:00 AM Eastern Time (ET) to review first quarter 2016 results. Ted Harris, President & Chief Executive Officer, and Bill Backus, Chief Financial Officer, will host the call.
BCPC: 69.80 (-0.23)
3 Boring Stocks That Are Great Buys in April
Swarup Gupta - Zacks Investment Research - Mon Apr 04, 10:07AM CDT
It is necessary to pick stocks from stolid, safe sectors which may look boring but provide resilience if volatility recurs.
FAST: 42.82 (-0.29), CLX: 131.04 (unch), GOOGL: 791.40 (+1.55), XRX: 9.87 (+0.02), TSN: 75.48 (-0.09), SHLD: 13.49 (-0.28), BCPC: 69.80 (-0.23), K: 81.69 (-0.52)
Upgrade Alert for Balchem (BCPC)
Comtex SmarTrend(R) - Wed Feb 03, 7:10AM CST
Balchem (NASDAQ:BCPC) was upgraded from Neutral to Buy at Sidoti today. The stock closed yesterday at $63.07 on volume of 419,000 shares, above average daily volume of 141,000. Balchem Corporation develops, manufactures, and markets specialty performance ingredients for the food, feed, and medical sterilization industries. The Company micro-encapsulates performance ingredients, and also repackages and markets specialty gases. Balchem sells its products through its own sales force, independent distributors, and sales agents.
BCPC: 69.80 (-0.23)
Why Balchem Corporation's Shares Popped 14% Today
Travis Hoium, The Motley Fool - Motley Fool - Tue Feb 02, 10:44AM CST
What: Shares of specialty ingredient maker Balchem Corporation popped 14% as of 11:00 a.m. ET on Tuesday after announcing an acquisition. So what: Balchem is buying Albion International, a manufacturer of mineral amino acid chelates,...
BCPC: 69.80 (-0.23)
Balchem Corporation Acquires Albion International, Inc.
GlobeNewswire - Mon Feb 01, 12:07PM CST
Balchem Corporation (NASDAQ:BCPC) today announced that it acquired Albion International, Inc., a privately held manufacturer of mineral amino acid chelates, specialized mineral salts and mineral complexes, headquartered in Clearfield, Utah for a purchase price of $111.5 million in cash. Albion's 2015 revenues were approximately $53.5 million. The acquisition purchase price reflects a multiple of approximately 10.7 times 2015 EBITDA, excluding any synergies. The transaction consideration is subject to certain adjustments as provided in the definitive agreement. The purchase price will be financed through the Company's existing revolving credit facility and cash on hand. The transaction is expected to be immediately accretive to Balchem's earnings per share.
BCPC: 69.80 (-0.23)
Balchem's board approves USD0.34 per share dividend
M2 - Mon Dec 21, 6:39AM CST
The board of directors of Balchem Corporation (NasdaqGS:BCPC) declared on Friday its dividend of USD0.34 per share on its shares of common stock.
BCPC: 69.80 (-0.23)
Balchem Corporation: Drop in Energy Drags Down Earnings
Travis Hoium, The Motley Fool - Motley Fool - Sat Nov 07, 1:15PM CST
Balchem Corporation reported earnings before the market opened Tuesday and the company saw the impact of a number of macro events that have affected a lot of industrial companies this year. Low oil prices and a strong dollar have eaten into results...
BCPC: 69.80 (-0.23)
Uptrend Call Working As Balchem Stock Rises 13.0% (BCPC)
Comtex SmarTrend(R) - Mon Nov 02, 5:24PM CST
SmarTrend identified an Uptrend for Balchem (NASDAQ:BCPC) on August 5th, 2015 at $60.95. In approximately 3 months, Balchem has returned 13.02% as of today's recent price of $68.88.
BCPC: 69.80 (-0.23)
Balchem Has Returned 10.5% Since SmarTrend Recommendation (BCPC)
Comtex SmarTrend(R) - Mon Oct 26, 4:11PM CDT
SmarTrend identified an Uptrend for Balchem (NASDAQ:BCPC) on August 5th, 2015 at $60.95. In approximately 3 months, Balchem has returned 10.53% as of today's recent price of $67.36.
BCPC: 69.80 (-0.23)
Balchem Corporation Announces Quarterly Conference Call for Third Quarter Financial Results on November 3, 2015
GlobeNewswire - Fri Oct 23, 8:47AM CDT
Balchem Corporation (NASDAQ:BCPC) today announced that a conference call will be held on Tuesday, November 3, 2015, at 11:00 AM Eastern Time (ET) to review third quarter 2015 results. Ted Harris, President & Chief Executive Officer, and Bill Backus, Chief Financial Officer, will host the call.
BCPC: 69.80 (-0.23)
Shares of BCPC Up 7.9% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Mon Oct 12, 9:46AM CDT
SmarTrend identified an Uptrend for Balchem (NASDAQ:BCPC) on August 5th, 2015 at $60.95. In approximately 2 months, Balchem has returned 7.89% as of today's recent price of $65.75.
BCPC: 69.80 (-0.23)
Balchem Corporation Announces the Addition of New Director
GlobeNewswire - Fri Sep 18, 8:30AM CDT
Balchem Corporation (NASDAQ:BCPC) announces the addition of Matthew D. Wineinger as director, expanding its Board of Directors to eight.
BCPC: 69.80 (-0.23)
Global Food Encapsulation Market Is Projected To Reach A Value Of $39.5 Billion By 2020, At A CAGR Of 6.1% From 2015
M2 - Thu Aug 20, 3:12AM CDT
Research and Markets (http://www.researchandmarkets.com/research/r22h2l/food) has announced the addition of the "Food Encapsulation Market by Shell Material, Technology (physical, physio-chemical and chemical), Core phase, and by Application (functional food, bakery & confectionery, convenient food, and dairy foods) - Global Trends & Forecast to 2020" report to their offering. With increase in demands for functional or health enhancing convenience foods, due to increased health awareness globally, food encapsulation has seen numerous developments in the recent years. Rapid growth is expected in food categories such as microwavable foods, convenience foods and fortified foods. The global Food Encapsulation market is driven by factors such as increased shelf life and enhanced bioavailability offered by food encapsulation technologies. The factors inhibiting growth of the market are the higher cost of food encapsulation technologies and relatively lower technological advances. The market has growth opportunities with consumers increasing demand for fresh flavorful food products. North America dominates the global food encapsulation market. North America is completely driven by the U.S. market, with the help of major players present in the country. The country presently holds the largest market share and the market is steadily growing but at slower growth rates, compared to Europe and Asia. Europe market is expected to grow in coming years. Emerging economies such as China and India are expected to show higher growth in coming years. The industrial applications and technology of starch processing is changing rapidly in the Asia-Pacific countries, especially India. The major players are tapping their footprints in the emerging nations by establishing their facilities and the developing nations are focused on adopting the newer technologies. The government's initiatives to increase the functional food consumption in these countries to eradicate malnutrition and congenial regulations have been accelerating the food encapsulation market in these countries. Key Topics Covered - Introduction - Research Methodology - Executive Summary - Premium Insights - Food Encapsulation Market Overview - Industry Trends - Food Encapsulation Market, By Shell Material & Technology - Food Encapsulation Shell Market, By Core Phase - Food Encapsulation Market, By Application - Food Encapsulation Market, By Region - Competitive Landscape - Company Profiles - (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments) - Appendix Companies Mentioned - Aveka Group - Balchem Corporation - Cargill - Firmenich - Frieslandcampina Kievit - Ingredion Incorporation - International Flavors And Fragrances - Kerry Group - Lycored - Royal - Sensient Technologies - Symrise For more information visit http://www.researchandmarkets.com/research/r22h2l/food
IFF: 138.37 (-0.21), BCPC: 69.80 (-0.23)
Balchem Corporation Announces Dino Rossi to Transition to Non-Executive Chairman
GlobeNewswire - Tue Aug 11, 5:00PM CDT
Balchem Corporation (NASDAQ:BCPC) (the "Company"
BCPC: 69.80 (-0.23)