Balchem Corp. (BCPC) Misses Q1 EPS by 4c
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Balchem Corporation Reports Adjusted EBITDA of $35.5 Million for First Quarter 2016
May 10, 2016 9:05 AM EDTNEW HAMPTON, N.Y., May 10, 2016 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ: BCPC) today reported for the first quarter 2016 adjusted EBITDA(a) of $35.5 million, compared to $36.1 million in the prior year quarter and $33.7 million sequentially from the fourth quarter 2015. Adjusted EBITDA margin expanded to 26.2% from 24.9% and 25.4% in the prior year quarter and fourth quarter 2015, respectively, and this was a significant contributor to these results in a challenging oil & gas and dairy market environment.
First Quarter 2016 Financial Highlights:
Net sales of $135.1 million, a decrease of 6.7%... More