Balchem Corporation (BCPC)

Balchem Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	942.38	922.44	942.36	799.02	703.64	643.71
Revenue Growth (YoY)	1.74%	-2.11%	17.94%	13.56%	9.31%	0.00%
Cost of Revenue	617.52	620.38	661.91	555.85	479.75	432.34
Gross Profit	324.86	302.06	280.45	243.17	223.9	211.37
Selling, General & Admin	144.4	130.13	120.78	102.15	102.42	95.16
Research & Development	16.22	15.05	12.19	13.52	10.33	11.38
Operating Expenses	160.62	145.18	132.97	115.67	112.75	106.54
Operating Income	164.24	156.88	147.48	127.5	111.15	104.83
Interest Expense	-19	-23.73	-12.52	-4.71	-6.71	-7.32
Interest & Investment Income	-	1.12	2.25	2.26	2.28	1.36
Earnings From Equity Investments	-0.48	-0.51	-0.56	-0.56	-0.58	-0.39
Other Non Operating Income (Expenses)	0.92	1.19	-1.12	0.74	0.28	0.27
EBT Excluding Unusual Items	145.68	134.94	135.54	125.23	106.42	98.75
Merger & Restructuring Charges	-1.74	-8.98	-2.26	-	-	-2.27
Other Unusual Items	11.3	11.3	0.47	-	-	-
Pretax Income	155.24	137.26	133.75	125.23	106.42	96.48
Income Tax Expense	33.7	28.72	28.38	29.13	21.79	16.81
Net Income	121.54	108.54	105.37	96.1	84.62	79.67
Net Income to Common	121.54	108.54	105.37	96.1	84.62	79.67
Net Income Growth	17.66%	3.01%	9.64%	13.57%	6.22%	1.40%
Shares Outstanding (Basic)	32	32	32	32	32	32
Shares Outstanding (Diluted)	33	32	32	33	33	33
Shares Change (YoY)	0.63%	0.17%	-0.85%	0.52%	-0.01%	0.18%
EPS (Basic)	3.77	3.38	3.29	2.98	2.63	2.48
EPS (Diluted)	3.73	3.35	3.25	2.94	2.60	2.45
EPS Growth	17.31%	3.08%	10.54%	13.08%	6.12%	1.24%
Free Cash Flow	162.44	145.87	88.59	123.15	116.67	96.05
Free Cash Flow Per Share	4.98	4.50	2.73	3.77	3.59	2.95
Dividend Per Share	0.790	0.790	0.710	0.640	0.580	0.520
Dividend Growth	11.27%	11.27%	10.94%	10.34%	11.54%	10.64%
Gross Margin	34.47%	32.75%	29.76%	30.43%	31.82%	32.84%
Operating Margin	17.43%	17.01%	15.65%	15.96%	15.80%	16.28%
Profit Margin	12.90%	11.77%	11.18%	12.03%	12.03%	12.38%
Free Cash Flow Margin	17.24%	15.81%	9.40%	15.41%	16.58%	14.92%
EBITDA	215.09	211.52	199	176.1	162.15	150.41
EBITDA Margin	22.82%	22.93%	21.12%	22.04%	23.04%	23.37%
D&A For EBITDA	50.85	54.65	51.51	48.6	51	45.58
EBIT	164.24	156.88	147.48	127.5	111.15	104.83
EBIT Margin	17.43%	17.01%	15.65%	15.96%	15.80%	16.28%
Effective Tax Rate	21.71%	20.92%	21.22%	23.26%	20.48%	17.42%

Source: S&P Capital IQ. Standard template. Financial Sources.