Balchem Full Year 2024 Earnings: In Line With Expectations

Balchem (NASDAQ:BCPC) Full Year 2024 Results

Key Financial Results

• Revenue: US$953.7m (up 3.4% from FY 2023).
• Net income: US$128.5m (up 18% from FY 2023).
• Profit margin: 14% (up from 12% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.93 (up from US$3.38 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Balchem Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Balchem's balance sheet health.

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