Balchem Corporation

Food & Beverage Health Manufacturing & Industrial manufacturer nutrition

Founded in 1967, Balchem provides state-of-the-art solutions and the finest quality products for a range of industries worldwide. Our Company consists of four business segments: Human Nutrition & Health; Specialty Products; Animal Nutrition and Health and Industrial Products. Balchem employs approximately 1,000 people worldwide who are engaged in many diverse activities, developing our company into chosen market leadership positions.

Revenue(Q1, 2017)

$137.7 M

Market capitalization(2017-08-15)

$2.4 B

Backlog(FY, 2016)

26.2 M

Company Growth (employees)

Type

Public

New Hampton, US

Founded

1967

Size (employees)

1,060 (est)

Website

balchem.com

Balchem Corporation was founded in 1967 and is headquartered in New Hampton, US

Balchem Corporation Office Locations

Balchem Corporation has offices in New Hampton, Reading, Seattle, Covington and in 6 other locations

New Hampton, US (HQ)

52 Sunrise Park Rd

Show all (10)

Balchem Corporation Data and Metrics

Balchem Corporation Financial Metrics

Balchem Corporation's revenue was reported to be $137.7 m in Q1, 2017

Summary

USD

Balchem Corporation's current market capitalization is $2.4 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	337.2 m	541.4 m	552.5 m	553.2 m
Revenue growth, %		61%	2%	0%
Cost of goods sold	239.8 m	397.2 m	384.4 m	372.3 m
Gross profit	97.4 m	144.2 m	168.1 m	180.9 m
Gross profit Margin, %	29%	27%	30%	33%
Sales and marketing expense				55.2 m
R&D expense				7.3 m
General and administrative expense				27.5 m
Operating expense total	31.8 m	62 m	74.1 m	90 m
EBIT	65.6 m	82.1 m	94 m	90.8 m
EBIT margin, %	19%	15%	17%	16%
Interest expense	24 k	5.1 m	6.6 m	7.3 m
Interest income	277 k	64 k	9 k	9 k
Pre tax profit	65.8 m	77.1 m	87.1 m	82.9 m
Income tax expense	20.9 m	24.2 m	27.3 m	27 m
Net Income	44.9 m	52.8 m	59.7 m	56 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	132.2 m	160.5 m	144.9 m	134.8 m	140.1 m	135.1 m	138.8 m	138.5 m	137.7 m
Cost of goods sold	99.9 m	116 m	101.7 m	92.9 m	97 m	92.3 m	92.3 m	93.9 m	93.3 m
Gross profit	32.3 m	44.5 m	43.1 m	41.9 m	43.2 m	42.8 m	46.4 m	44.7 m	44.4 m
Gross profit Margin, %	24%	28%	30%	31%	31%	32%	33%	32%	32%
Sales and marketing expense	8.6 m	11.5 m	11.8 m	11.4 m	11.8 m	13.1 m	14.5 m	13.6 m	13.7 m
R&D expense	1.1 m	1.4 m	1.4 m	1.5 m	1.5 m	1.9 m	1.9 m	1.7 m	1.8 m
General and administrative expense	6.2 m	6.3 m	4.9 m	5.2 m	6.9 m	7.8 m	6.7 m	6.4 m	6.2 m
Operating expense total	15.8 m	19.2 m	18.1 m	18.1 m	20.3 m	22.9 m	23.1 m	21.7 m	21.7 m
Interest expense	1.3 m	2.1 m	1.9 m	1.6 m	1.6 m	1.8 m	1.9 m	1.8 m	1.8 m
Interest income	(13 k)	(3 k)	(2 k)	(3 k)	(3 k)	(3 k)	(2 k)	(2 k)	(2 k)
Income tax expense	5.6 m	8 m	7.9 m	7.3 m	7.2 m	6.1 m	7.2 m	6.8 m	5.2 m
Net Income	9.7 m	15.2 m	15.2 m	14.9 m	14 m	11.9 m	14.2 m	14 m	15.5 m

Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	208.7 m	50.3 m	84.8 m	38.6 m
Inventories	24.8 m	49.6 m	46.1 m	57.2 m
Current Assets	277.8 m	181.3 m	198.8 m	188.4 m
PP&E	54.9 m	131.6 m	158.5 m	165.8 m
Goodwill	28.5 m	383.6 m	383.9 m	439.8 m
Total Assets	376.9 m	861.3 m	881.2 m	948.6 m
Accounts Payable	12.4 m	24.4 m	14.7 m	32.5 m
Dividends Payable	7.9 m	9.3 m	10.7 m	12.1 m
Total Debt		332.5 m	297.5 m	261.5 m
Current Liabilities	35.8 m	95.5 m	81.1 m	101 m
Total Liabilities				427.6 m
Additional Paid-in Capital	77.5 m	97.3 m	122.6 m	137.7 m
Retained Earnings	251.6 m	295.2 m	344.2 m	388.1 m
Total Equity	331.4 m	391.9 m	463.7 m	521 m
Debt to Equity Ratio		0.8 x	0.6 x	0.5 x
Debt to Assets Ratio		0.4 x	0.3 x	0.3 x
Financial Leverage	1.1 x	2.2 x	1.9 x	1.8 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	59.7 m	25.4 m	56.6 m	72.2 m	81.6 m	39.2 m	33.4 m	32.5 m	37 m
Inventories	57 m	58.2 m	50.5 m	47.9 m	50.7 m	60.4 m	57.8 m	56.7 m	62.9 m
Current Assets	199.3 m	163.8 m	179.1 m	193.5 m	204.1 m	177.5 m	169 m	172.8 m	187 m
PP&E	129.9 m	128.2 m	133.5 m	139.7 m	149.2 m	173.1 m	172.8 m	166.7 m	164.6 m
Goodwill	385.6 m	385.6 m	383.9 m	383.9 m	383.9 m	441.7 m	445.4 m	444.1 m	439.8 m
Total Assets	892.9 m	848.8 m	854.8 m	869 m	882.6 m	970.2 m	954.3 m	946.8 m	941.4 m
Accounts Payable	21.8 m	20.6 m	20 m	19.1 m	18.8 m	23.3 m	18.2 m	16.2 m	21.5 m
Dividends Payable									19 k
Current Liabilities	82.5 m	80.4 m	78.1 m	74 m	77.1 m	78.6 m	75 m	73.8 m	84.8 m
Additional Paid-in Capital	83.9 m	90.9 m	104.1 m	115.6 m	120.6 m	125.9 m	128.8 m	134.7 m	142.9 m
Retained Earnings	270.3 m	285.4 m	310.4 m	325.3 m	339.3 m	356.1 m	370.2 m	384.2 m	403.6 m
Total Equity	356.2 m	376.6 m	411.2 m	438.2 m	457.3 m	480.3 m	496.2 m	516.4 m	542.3 m
Financial Leverage	2.5 x	2.3 x	2.1 x	2 x	1.9 x	2 x	1.9 x	1.8 x	1.7 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	44.9 m	52.8 m	59.7 m	56 m
Depreciation and Amortization	10.5 m	30.5 m	40 m	46.2 m
Accounts Receivable	3 m	(8.4 m)	10.8 m	(15.7 m)
Inventories	(3.9 m)	6.7 m	3.1 m	4.7 m
Accounts Payable	(2.8 m)	7.7 m	(15.7 m)	17.8 m
Cash From Operating Activities	55.7 m	85.4 m	103.8 m	107.6 m
Capital Expenditures	(8.2 m)	(13.2 m)	(41.3 m)	(23 m)
Cash From Investing Activities	(8.4 m)	(504.4 m)	(42.3 m)	(133.6 m)
Long-term Borrowings		(17.5 m)	(35 m)	(35 m)
Dividends Paid		(7.9 m)	(9.3 m)	(10.7 m)
Cash From Financing Activities	16.5 m	261.7 m	(25.8 m)	(19.5 m)
Income Taxes Paid	(620 k)	3.4 m	633 k	(2.8 m)
Free Cash Flow	47.5 m	72.2 m	62.5 m	84.6 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	9.7 m	15.2 m	15.2 m	14.9 m	14 m	11.9 m	14.2 m	14 m	15.5 m
Inventories	57 m	58.2 m	50.5 m	47.9 m	50.7 m	60.4 m	57.8 m	56.7 m	62.9 m
Accounts Payable	21.8 m	20.6 m	20 m	19.1 m	18.8 m	23.3 m	18.2 m	16.2 m	21.5 m

Ratios

USD	Y, 2017
Revenue/Employee	129.9 k
Financial Leverage	1.7 x

Balchem Corporation Operating Metrics

Balchem Corporation's Backlog was reported to be 26.2 m in FY, 2016, which is a 14% decrease from the previous period

	FY, 2015	FY, 2016
Backlog	30.45 m	26.2 m
Facilities		19
Patents Issued		109

Source: SEC Filings

Balchem Corporation Market Value History

Balchem Corporation Revenue Breakdown

Balchem Corporation Job Categories

Market Position of Balchem Corporation

Competitors

Manufacturing & Industrial - Private

Compare competitors

Balchem Corporation

Company Growth (employees)

Balchem Corporation Office Locations

Balchem Corporation Data and Metrics

Balchem Corporation Financial Metrics

Summary

Revenue (Q1, 2017)

Gross profit (Q1, 2017)

Gross profit margin (Q1, 2017), %

Net income (Q1, 2017)

Market capitalization (15-Aug-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

R&D expense

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

R&D expense

General and administrative expense

Operating expense total

Interest expense

Interest income

Income tax expense

Net Income

Balance Sheet

Cash

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Dividends Payable

Total Debt

Current Liabilities

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Cash

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Dividends Payable

Current Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

Capital Expenditures