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%.
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