Balchem Corp

NASDAQ:BCPCUnited States

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• Balchem's Q2 Earnings, Net Sales Rise, from 11 hours ago by MT Newswires

  11 hours ago by MT Newswires
  Companies Mentioned: BCPC
  07:32 AM EDT, 07/26/2024 (MT Newswires) -- Balchem (BCPC) reported Q2 adjusted earnings Friday of $1.09 per diluted share, up from $1.06 a year earlier. Two analysts surveyed by Capital IQ expected $1.04. Net sales for the quarter ended June 30 was ...

• -- Earnings Flash (BCPC) BALCHEM CORPORATION Posts Q2 Revenue $234.1M, vs. Street Est of $239.7M, from 12 hours ago by MT Newswires

  12 hours ago by MT Newswires
  Companies Mentioned: BCPC
  07:02 AM EDT, 07/26/2024 (MT Newswires) -- ...

• -- Earnings Flash (BCPC) BALCHEM CORPORATION Posts Q2 EPS $1.09, vs. Street Est of $1.04, from 12 hours ago by MT Newswires

  12 hours ago by MT Newswires
  Companies Mentioned: BCPC
  07:02 AM EDT, 07/26/2024 (MT Newswires) -- ...

• Balchem Corporation Reports Second Quarter 2024 Financial Results, from 12 hours ago by GlobeNewswire

  12 hours ago by GlobeNewswire
  Companies Mentioned: BCPC

• *DJ Balchem 2Q EPS 98c >BCPC, from 12 hours ago by Dow Jones

  12 hours ago by Dow Jones
  Companies Mentioned: BCPC
  these intangibles and finance lease in our GAAP financial statements. Amortization expenses for our intangible assets and finance lease are inconsistent in amount and are significantly impacted by the timing and valuation of an acquisition. Consequently, our non-GAAP adjustments exclude these expenses to facilitate an evaluation of our current operating performance and comparisons to our past operating performance. ------------------------------------------------------------- (3) Restructuring costs: Expenses related to a reorganization of the business. ------------------------------------------------------------- (4) Transaction and integration costs: Transaction and integration costs related to acquisitions and divestitures are expensed in our GAAP financial statements. Management excludes these items for the purposes of calculating Adjusted EBITDA and other non-GAAP financial measures. We believe that excluding these items from our non-GAAP financial measures is useful to investors because these are items associated with transactions that are inconsistent in amount and frequency causing comparison of current and historical financial results to be difficult. ------------------------------------------------------------- (5) Nonqualified deferred compensation plan (income) expense: Gains and losses on rabbi trust assets related to our nonqualified deferred compensation plan are recorded in other (income) expense while the offsetting increases or decreases to the deferred compensation liability are recorded within earnings from operations. The increases and decreases in the deferred compensation liability are driven by market volatility and are not a true reflection of company performance. We believe excluding these amounts from our non-GAAP financial measures is useful to investors because these items are inconsistent in amount based on market conditions causing comparison of current and historical financial results to be difficult. Adjustments have been made to the prior period presentation to conform with the current period presentation. ------------------------------------------------------------- (6) Income tax adjustment: For purposes of calculating adjusted net earnings and adjusted diluted earnings per share, we adjust the provision for (benefit from) income taxes to tax effect the taxable and deductible non-GAAP adjustments described above as they have a significant impact on our income tax (benefit) provision. Additionally, the income tax adjustment is adjusted for the impact of adopting ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting" and uses our non-GAAP effective rate applied to both our GAAP earnings before income tax expense and non-GAAP adjustments described above. See Table 3 for the calculation of our non-GAAP effective tax rate. ------------------------------------------------------------- (7) Impact of ASU 2016-09: The primary impact of ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"), was the recognition during the three and six months ended June 30, 2024 and 2023, of excess tax benefits as a reduction to the provision for income taxes and the classification of these excess tax benefits in operating activities in the consolidated statement of cash flows instead of financing activities. -------------------------------------------------------------