NEW HAMPTON, N.Y., Feb. 21, 2013 (GLOBE NEWSWIRE) -- Balchem Corporation (Nasdaq:BCPC) reported as follows (unaudited) for the period ended December 31, 2012.
|($000 Omitted Except for Net Earnings per Share)|
|For the Three Months Ended December 31,|
|Net sales||$ 80,060||$ 69,733|
|Earnings from operations||15,037||13,693|
|Earnings before income tax expense||15,107||13,772|
|Income tax expense||5,215||4,276|
|Net earnings||$ 9,892||$ 9,496|
|Diluted net earnings per common share||$ 0.33||$ 0.31|
|Shares used in the calculation of diluted net earnings per common share||30,391||30,343|
|For the Twelve Months Ended December 31,|
|Net sales||$ 310,393||$ 291,867|
|Earnings from operations||59,777||56,225|
|Earnings before income tax expense||59,844||56,738|
|Income tax expense||19,839||17,973|
|Net earnings||$ 40,005||$ 38,765|
|Diluted net earnings per common share||$ 1.32||$ 1.28|
|Shares used in the calculation of diluted net earnings per common share||30,353||30,244|
Record Quarterly Sales & Net Earnings
For the quarter ended December 31, 2012, the company achieved record quarterly net sales of $80.1 million, which is an increase of approximately 15% above the $69.7 million result of the prior year comparative quarter. Record fourth quarter net earnings were achieved of $9.9 million, an increase of $0.4 million, or 4.2% as compared with the same period last year. The $9.9 million generated diluted net earnings of $0.33 per common share versus $0.31 per common share for the prior year comparable period, an increase of 6.5%.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV