Balchem corporation (BCPC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

174,436

166,527

158,595

161,554

157,029

163,539

155,043

163,687

161,410

159,264

150,716

147,082

137,728

140,760

138,509

138,794

135,141

132,729

140,128

134,773

144,862

162,668

160,490

132,230

85,995

81,633

87,593

83,296

84,651

80,060

75,116

79,014

76,203

69,733

74,439

74,687

73,008

63,910

61,458

Cost of sales

119,105

112,181

104,587

107,636

107,934

112,214

107,041

110,221

109,951

107,626

104,535

100,321

93,299

93,828

93,853

92,345

92,317

92,803

96,954

92,906

101,732

118,533

116,003

99,895

62,780

57,851

63,071

58,411

60,419

57,661

51,718

56,430

55,045

48,890

51,822

52,926

52,228

43,677

42,342

Gross margin

55,331

54,346

54,008

53,918

49,095

51,325

48,002

53,466

51,459

51,638

46,181

46,761

44,429

46,932

44,656

46,449

42,824

39,926

43,174

41,867

43,130

44,135

44,487

32,335

23,215

23,782

24,522

24,885

24,232

22,399

23,398

22,584

21,158

20,843

22,617

21,761

20,780

20,233

19,116

Operating expenses:
Selling expenses

15,430

16,085

15,227

15,494

14,126

14,436

14,229

14,495

14,059

13,783

13,656

13,569

13,712

13,990

13,601

14,494

13,087

11,295

11,807

11,367

11,786

11,559

11,458

8,552

4,189

3,908

3,679

4,046

4,287

3,868

3,810

4,169

4,087

3,953

4,042

4,151

4,138

4,023

3,647

Research and development expenses

2,700

2,931

2,699

2,852

2,895

3,253

2,540

3,230

2,569

2,498

2,712

2,280

1,815

1,782

1,681

1,920

1,942

1,540

1,510

1,492

1,448

1,473

1,445

1,119

773

961

876

947

838

802

897

947

776

633

648

733

876

793

670

General and administrative expenses

10,923

11,689

10,052

9,170

5,594

6,402

5,710

8,638

7,591

9,043

6,758

6,081

6,199

6,569

6,428

6,702

7,827

4,869

6,935

5,234

4,858

4,108

6,300

6,155

4,898

2,768

2,991

3,276

3,242

2,692

2,451

2,643

2,620

2,564

2,752

2,818

2,468

2,399

2,358

Total operating expenses

29,053

30,705

27,978

27,516

22,615

24,091

22,479

26,363

24,219

25,324

23,126

21,930

21,726

22,341

21,710

23,116

22,856

17,704

20,252

18,093

18,092

17,140

19,203

15,826

9,860

7,637

7,546

8,269

8,367

7,362

7,158

7,759

7,483

7,150

7,442

7,702

7,482

7,215

6,675

Earnings from operations

26,278

23,641

26,030

26,402

26,480

27,234

25,523

27,103

27,240

26,314

23,055

24,831

22,703

24,591

22,946

23,333

19,968

22,222

22,922

23,774

25,038

26,995

25,284

16,509

13,355

16,145

16,976

16,616

15,865

15,037

16,240

14,825

13,675

13,693

15,175

14,059

13,298

13,018

12,441

Other expenses:
Interest expense, net

-1,696

-1,210

-1,672

-1,488

-1,589

-1,675

-1,797

-2,265

-1,874

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

2

2

2

-

2

2

3

1

3

3

2

2

3

13

46

99

65

61

52

0

2

1

7

4

39

69

72

72

-69

Interest expense

-

-

-

-

-

-

-

-

-

-

2,012

1,891

1,799

-

1,790

1,905

1,843

1,501

1,617

1,594

1,881

1,777

2,052

1,315

1

19

2

2

1

1

3

3

3

12

32

22

18

23

18

Other, net

-92

-63

78

-33

-98

-296

-197

223

-189

43

-348

-382

-196

-67

-387

-47

-147

-100

-119

-16

-74

-40

-26

84

-28

-12

21

7

-53

71

-14

1

9

87

56

246

24

-122

-59

Total other expenses (income)

-1,788

-1,273

-1,594

-1,521

-1,687

-1,971

-1,994

-2,042

-2,063

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings before income tax expense

24,490

22,368

24,436

24,881

24,793

25,263

23,529

25,061

25,177

24,521

20,697

22,560

20,710

22,799

20,771

21,383

17,981

20,622

21,189

22,167

23,085

25,180

23,209

15,291

13,372

16,213

17,060

16,682

15,863

15,107

16,225

14,824

13,688

13,772

15,238

14,352

13,376

12,945

12,551

Income tax expense

4,722

1,985

3,760

5,052

6,010

4,929

4,315

5,382

5,831

-17,453

4,654

6,024

5,192

6,875

6,759

7,233

6,095

4,964

7,213

7,251

7,913

6,158

8,031

5,559

4,478

5,466

5,403

5,100

4,975

5,215

5,352

4,852

4,420

4,276

4,453

4,780

4,464

4,452

4,212

Net earnings

19,768

20,383

20,676

19,829

18,783

20,334

19,214

19,679

19,346

41,974

16,043

16,536

15,518

15,924

14,012

14,150

11,886

15,658

13,976

14,916

15,172

19,022

15,178

9,732

8,894

10,747

11,657

11,582

10,888

9,892

10,873

9,972

9,268

9,496

10,785

9,572

8,912

8,493

8,339

Net earnings per common share - basic (in dollars per share)

0.62

0.64

0.64

0.62

0.58

0.64

0.60

0.61

0.60

1.32

0.50

0.52

0.49

0.51

0.44

0.45

0.38

0.50

0.45

0.48

0.49

0.62

0.50

0.32

0.30

0.36

0.39

0.39

0.37

0.35

0.37

0.34

0.32

0.33

0.38

0.34

0.31

0.30

0.30

Net earnings per common share - diluted (in dollars per share)

0.61

0.62

0.64

0.61

0.58

0.62

0.59

0.61

0.60

1.30

0.50

0.51

0.48

0.50

0.44

0.44

0.37

0.50

0.44

0.47

0.48

0.60

0.49

0.31

0.29

0.33

0.38

0.38

0.36

0.32

0.36

0.33

0.31

0.30

0.36

0.32

0.30

0.29

0.28