| 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. Our
reportable segments are strategic businesses that offer products and services to
different markets. We presently have three reportable segments: Specialty
Products; Food, Pharma & Nutrition; and Animal Nutrition & Health.
The Company sells its products through its own sales force, independent
distributors and sales agents. Financial information concerning the Company's
business, business segments and geographic information appears in the Notes to
our Consolidated Financial Statements included under Item 8 below, which
information is incorporated herein by reference.
The Company operates five domestic subsidiaries, all of which are wholly-owned:
BCP Ingredients, Inc. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.29 | NA | 28.92 | | 06/2011 | 1.21 | NA | 36.18 | | 03/2011 | 1.18 | NA | 31.80 | | 12/2010 | 1.12 | 0.150 | 30.19 | | 09/2010 | 1.05 | NA | 29.39 | | 06/2010 | 1.00 | NA | 25.00 | | 03/2010 | 0.96 | NA | 25.68 | | 12/2009 | 0.62 | 0.073 | 36.03 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.82 | Total Liab/Total Assets | 0.18 | | Net Inc/Total Assets | 0.15 | Total Liab/Inv Cap | 0.21 | | Net Inc/Inv Cap | 0.17 | Total Liab/Comm Equity | 1.02 | | Pretax Inc/Net Sales | 0.20 | Interest Coverage Ratio | 558.01 | | Net Inc/Net Sales | 0.13 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | 0.15 | LTD/Equity | 0.02 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 0.03 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 8.14 | Quick Ratio | 3.86 | | Inventory Turnover | 11.93 | Current Ratio | 4.39 | | Inventory Day Sales | 0.03 | Net Rec/Curr Assets | 0.25 | | Net Sales/Work Cap | 2.55 | Inv/Curr Assets | 0.12 | | Net Sales/PP&E | 5.88 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
74.44
|
74.69
|
73.01
|
69.80
|
|
Cost of Goods Sold
|
51.82
|
52.93
|
52.23
|
48.53
|
|
Selling & Admin Exps
|
6.79
|
6.97
|
6.61
|
6.60
|
|
Operating Income
|
15.18
|
14.06
|
13.30
|
13.82
|
|
Interest Exp
|
0.03
|
0.02
|
0.02
|
0.03
|
|
Pretax Income
|
15.24
|
14.35
|
13.38
|
13.97
|
|
Other Income
|
0.10
|
0.32
|
0.10
|
0.18
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
10.79
|
9.57
|
8.91
|
9.42
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
104.87
|
89.74
|
82.05
|
77.25
|
|
Receivables - Total
|
37.02
|
39.16
|
36.83
|
32.60
|
|
Inventories - Total
|
18.43
|
18.89
|
18.44
|
15.72
|
|
Total Current Assets
|
162.89
|
151.46
|
140.36
|
129.65
|
|
Net Property, Plant & Equipment
|
44.48
|
44.89
|
44.63
|
43.39
|
|
Total Assets
|
260.00
|
249.96
|
239.58
|
228.62
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
23.79
|
25.36
|
27.41
|
28.03
|
|
Debt in Current Liabilities
|
1.47
|
1.57
|
1.55
|
1.48
|
|
Total Current Liabilities
|
25.25
|
26.92
|
28.96
|
29.51
|
|
Long-Term Debt
|
2.43
|
2.96
|
3.27
|
3.43
|
|
Total Liabilities
|
36.01
|
37.48
|
39.92
|
41.16
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
1.93
|
1.93
|
1.92
|
1.92
|
|
Retained Earnings
|
176.81
|
166.03
|
156.45
|
147.54
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
224.00
|
212.48
|
199.66
|
187.47
|
|
Total Liabilities and Stockholders' Equity
|
260.00
|
249.96
|
239.58
|
228.62
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
16.96
|
7.45
|
9.67
|
9.70
|
|
Net Cash Provided by Investing Activities
|
-1.66
|
-1.40
|
-1.79
|
-0.38
|
|
Net Cash Provided by Financing Activities
|
0.00
|
1.61
|
-3.22
|
2.55
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 100.90 | 12.28 | 0.30 | | 12/2007 | 176.20 | 16.12 | 0.58 | | 12/2008 | 232.05 | 19.05 | 0.67 | | 12/2009 | 219.44 | 26.78 | 0.62 | | 12/2010 | 255.07 | 33.28 | 1.12 | | Growth Rates | 26.09 | 28.31 | 39.00 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 165 | 21,861 | 75.46 |
|
Report Date :
2/6/2012
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