Balchem corporation reports fourth quarter net sales growth of 9.1% and strong full year 2022 results

Montvale, n.j., feb. 24, 2023 (globe newswire) -- balchem corporation (nasdaq: bcpc) reported today fourth quarter net sales of $232.5 million for 2022, compared to net sales of $213.1 million for the fourth quarter 2021. fourth quarter net earnings were $21.4 million for 2022, compared to net earnings of $24.9 million for the fourth quarter 2021, with adjusted net earnings(a) of $30.3 million, compared to $27.8 million in the prior year quarter. fourth quarter adjusted ebitda(a) was $52.3 million, compared to $45.6 million in the prior year quarter. balchem corporation also reported for the full year 2022 net sales of $942.4 million, compared to $799.0 million for 2021. full year 2022 net earnings were $105.4 million, compared to net earnings of $96.1 million for 2021, with adjusted net earnings of $130.5 million, compared to $116.6 million in the prior year. full year adjusted ebitda was $216.1 million, compared to $189.8 million in the prior year.
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