| Address:
|
P O BOX 600
|
| City: |
NEW HAMPTON |
|
State: |
NY |
|
Zip Code: |
10958 |
| Telephone: |
845-326-5632 |
|
Description of Business
|
Primary SIC Code:
2800 |
| (As filed with the SEC)
|
|
|
Balchem Corporation ("Balchem," the "Company," "we" or "us"), incorporated in
the State of Maryland in 1967, is engaged in the development, manufacture and
marketing of specialty performance ingredients and products for the food,
nutritional, feed, pharmaceutical and medical sterilization industries. The
Company has three segments: specialty products, encapsulated / nutritional
products and the unencapsulated feed supplements segment (also referred to in
this report as "BCP Ingredients" or "BCP"). Products relating to choline animal
feed for non-ruminant animals are primarily reported in the unencapsulated feed
supplements segment. Human choline nutrient products, calcium carbonate products
for the pharmaceutical industry and encapsulated products are reported in the
encapsulated / nutritional products segment. Chelated products and nutritional
products for the animal health industry are also reported in the encapsulated /
nutritional products segment. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | 0.62 | 0.073 | 36.03 | | 09/2009 | 0.57 | NA | 30.94 | | 06/2009 | 0.79 | NA | 20.78 | | 03/2009 | 0.71 | NA | 23.49 | | 12/2008 | 0.67 | 0.073 | 24.91 | | 09/2008 | 0.65 | NA | 27.49 | | 06/2008 | 0.64 | NA | 24.09 | | 03/2008 | 0.62 | NA | 24.65 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 0.97 | Total Liab/Total Assets | 0.26 | | Net Inc/Total Assets | 0.12 | Total Liab/Inv Cap | 0.32 | | Net Inc/Inv Cap | 0.15 | Total Liab/Comm Equity | 2.04 | | Pretax Inc/Net Sales | 0.12 | Interest Coverage Ratio | 30.52 | | Net Inc/Net Sales | 0.08 | Curr Debt/Equity | 0.04 | | Cash Flow/Net Sales | 0.10 | LTD/Equity | 0.06 | | SG&A/NetSales | 0.09 | Total Debt/Equity | 0.10 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.60 | Quick Ratio | 1.50 | | Inventory Turnover | 11.11 | Current Ratio | 2.15 | | Inventory Day Sales | 0.03 | Net Rec/Curr Assets | 0.56 | | Net Sales/Work Cap | 7.85 | Inv/Curr Assets | 0.30 | | Net Sales/PP&E | 5.46 | | |
Income Statement (Millions) |
| |
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Total Revenues(Net Sales)
|
52.98
|
52.99
|
54.05
|
58.24
|
|
Cost of Goods Sold
|
35.67
|
36.69
|
40.62
|
45.52
|
|
Selling & Admin Exps
|
6.14
|
6.18
|
5.24
|
4.81
|
|
Operating Income
|
10.29
|
9.31
|
7.48
|
7.23
|
|
Interest Exp
|
0.04
|
0.07
|
0.17
|
0.22
|
|
Pretax Income
|
10.30
|
9.17
|
7.30
|
6.94
|
|
Other Income
|
0.06
|
-0.07
|
-0.00
|
-0.07
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
6.87
|
6.10
|
4.89
|
4.79
|
|
Assets
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Cash & Short Term Investments
|
27.09
|
18.55
|
3.42
|
4.21
|
|
Receivables - Total
|
26.10
|
25.93
|
30.90
|
30.88
|
|
Inventories - Total
|
15.74
|
15.31
|
16.62
|
17.68
|
|
Total Current Assets
|
71.16
|
62.30
|
55.25
|
55.78
|
|
Net Property, Plant & Equipment
|
41.68
|
41.39
|
42.51
|
42.91
|
|
Total Assets
|
167.69
|
159.44
|
154.47
|
156.01
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
19.95
|
20.65
|
20.78
|
20.39
|
|
Debt in Current Liabilities
|
8.10
|
3.33
|
4.90
|
9.88
|
|
Total Current Liabilities
|
28.05
|
23.98
|
25.69
|
30.27
|
|
Long-Term Debt
|
1.70
|
5.90
|
6.67
|
8.85
|
|
Total Liabilities
|
34.87
|
37.03
|
39.97
|
45.16
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.84
|
0.83
|
0.82
|
0.82
|
|
Retained Earnings
|
107.85
|
100.98
|
94.88
|
91.98
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
132.82
|
122.41
|
114.51
|
110.86
|
|
Total Liabilities and Stockholders' Equity
|
167.69
|
159.44
|
154.47
|
156.01
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Net Cash Provided by Operating Activities
|
8.38
|
18.50
|
5.67
|
8.69
|
|
Net Cash Provided by Investing Activities
|
-0.83
|
-0.60
|
-1.25
|
-1.35
|
|
Net Cash Provided by Financing Activities
|
0.88
|
-2.73
|
-5.16
|
-5.60
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 67.41 | 8.03 | 0.20 | | 12/2005 | 83.10 | 10.95 | 0.27 | | 12/2006 | 100.90 | 12.28 | 0.30 | | 12/2007 | 176.20 | 16.12 | 0.58 | | 12/2008 | 232.05 | 19.05 | 0.67 | | Growth Rates | 36.21 | 24.12 | 35.29 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 134 | 20,549 | 72.94 |
|
Report Date :
3/15/2010
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