The chart below shows how BCPC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BCPC sees a -1.86% change in stock price 10 days leading up to the earnings, and a +0.45% change 10 days following the report. On the earnings day itself, the stock moves by +1.40%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Analysis: Consolidated revenues of $240 million were higher by 4.3% versus the prior year.
Gross Margin Expansion: Our gross margin dollars grew 11.5%, and we expanded our gross margin percentage by 230 basis points to 35.6%.
Operational Earnings Increase: Earnings from operations of $48 million were higher by 10% versus the prior year.
Record Quarterly Adjusted EBITDA: We delivered record quarterly adjusted EBITDA of $64 million, an increase of 7.6%, with an adjusted EBITDA margin of 26.8% of sales, up 80 basis points from the prior year.
Net Income Increase: Our third quarter net income of $34 million, an increase of 16.4%, resulted in earnings per share of $1.03 on a GAAP basis.
Negative
Third Quarter Net Income: O u r t h i r d q u a r t e r n e t i n c o m e o f $ 3 4 m i l l i o n , a n i n c r e a s e o f 1 6 . 4 % , r e s u l t e d i n e a r n i n g s p e r s h a r e o f $ 1 . 0 3 o n a G A A P b a s i s .
Record Non-GAAP Earnings: O n a n a d j u s t e d b a s i s , o u r t h i r d q u a r t e r n o n - G A A P n e t e a r n i n g s w e r e a r e c o r d o f $ 3 7 m i l l i o n , a n i n c r e a s e o f 9 . 3 % , w h i c h r e s u l t e d i n e a r n i n g s p e r s h a r e o f $ 1 . 1 3 o n a n o n - G A A P b a s i s .
Cash Flow Performance: C a s h f l o w s f r o m o p e r a t i o n s w e r e $ 5 1 m i l l i o n f o r t h e t h i r d q u a r t e r o f 2 0 2 4 , w i t h q u a r t e r l y f r e e c a s h f l o w o f $ 4 2 m i l l i o n .
Sales Decline: O u r A n i m a l N u t r i t i o n & H e a l t h s e g m e n t g e n e r a t e d q u a r t e r l y s a l e s o f $ 5 3 m i l l i o n , a d e c r e a s e o f 1 . 9 % c o m p a r e d t o t h e p r i o r y e a r .
Balchem Corporation (BCPC) Q3 2024 Earnings Call Transcript
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