Balchem Corp
NASDAQ:BCPC
Income Statement
Earnings Waterfall
Balchem Corp
Revenue
|
922.4m
USD
|
Cost of Revenue
|
-620.4m
USD
|
Gross Profit
|
302.1m
USD
|
Operating Expenses
|
-145.2m
USD
|
Operating Income
|
156.9m
USD
|
Other Expenses
|
-48.3m
USD
|
Net Income
|
108.5m
USD
|
Income Statement
Balchem Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
337
N/A
|
339
+0%
|
387
+14%
|
460
+19%
|
541
+18%
|
600
+11%
|
603
+0%
|
583
-3%
|
553
-5%
|
543
-2%
|
547
+1%
|
545
0%
|
553
+1%
|
556
+0%
|
564
+1%
|
576
+2%
|
595
+3%
|
619
+4%
|
635
+3%
|
639
+1%
|
644
+1%
|
639
-1%
|
637
0%
|
641
+1%
|
644
+0%
|
661
+3%
|
673
+2%
|
689
+2%
|
704
+2%
|
715
+2%
|
744
+4%
|
767
+3%
|
799
+4%
|
842
+5%
|
877
+4%
|
923
+5%
|
942
+2%
|
946
+0%
|
941
-1%
|
926
-2%
|
922
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(240)
|
(242)
|
(284)
|
(337)
|
(397)
|
(436)
|
(429)
|
(410)
|
(384)
|
(375)
|
(374)
|
(371)
|
(372)
|
(373)
|
(381)
|
(392)
|
(406)
|
(422)
|
(432)
|
(435)
|
(439)
|
(437)
|
(435)
|
(432)
|
(432)
|
(444)
|
(454)
|
(468)
|
(480)
|
(488)
|
(513)
|
(531)
|
(556)
|
(586)
|
(608)
|
(647)
|
(662)
|
(664)
|
(653)
|
(631)
|
(620)
|
|
Gross Profit |
97
N/A
|
96
-1%
|
104
+8%
|
124
+19%
|
144
+16%
|
164
+14%
|
174
+6%
|
172
-1%
|
168
-2%
|
168
0%
|
172
+3%
|
174
+1%
|
181
+4%
|
182
+1%
|
183
+0%
|
184
+1%
|
189
+3%
|
196
+4%
|
203
+3%
|
205
+1%
|
204
0%
|
202
-1%
|
202
+0%
|
208
+3%
|
211
+1%
|
218
+3%
|
219
+1%
|
221
+1%
|
224
+1%
|
227
+2%
|
231
+2%
|
236
+2%
|
243
+3%
|
256
+5%
|
268
+5%
|
276
+3%
|
281
+2%
|
282
+1%
|
288
+2%
|
296
+3%
|
302
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(32)
|
(32)
|
(38)
|
(49)
|
(62)
|
(68)
|
(72)
|
(74)
|
(74)
|
(78)
|
(83)
|
(84)
|
(89)
|
(89)
|
(88)
|
(89)
|
(90)
|
(92)
|
(95)
|
(95)
|
(95)
|
(94)
|
(96)
|
(101)
|
(107)
|
(113)
|
(114)
|
(114)
|
(111)
|
(112)
|
(112)
|
(114)
|
(115)
|
(121)
|
(123)
|
(128)
|
(133)
|
(137)
|
(142)
|
(143)
|
(145)
|
|
Selling, General & Administrative |
(28)
|
(28)
|
(34)
|
(45)
|
(57)
|
(63)
|
(66)
|
(68)
|
(68)
|
(71)
|
(76)
|
(77)
|
(81)
|
(81)
|
(80)
|
(81)
|
(81)
|
(82)
|
(84)
|
(84)
|
(84)
|
(82)
|
(84)
|
(89)
|
(95)
|
(102)
|
(103)
|
(103)
|
(100)
|
(101)
|
(101)
|
(102)
|
(102)
|
(107)
|
(109)
|
(114)
|
(120)
|
(125)
|
(129)
|
(129)
|
(130)
|
|
Research & Development |
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(11)
|
(11)
|
(14)
|
(14)
|
(14)
|
(14)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
66
N/A
|
64
-2%
|
66
+2%
|
75
+13%
|
82
+10%
|
96
+17%
|
102
+6%
|
99
-3%
|
94
-5%
|
90
-4%
|
90
0%
|
90
+0%
|
92
+3%
|
94
+2%
|
95
+1%
|
95
+0%
|
99
+4%
|
104
+5%
|
108
+3%
|
110
+2%
|
109
-1%
|
108
-1%
|
107
-1%
|
108
+1%
|
105
-3%
|
105
0%
|
105
+1%
|
108
+2%
|
113
+5%
|
115
+2%
|
119
+3%
|
123
+3%
|
128
+4%
|
135
+6%
|
145
+7%
|
148
+2%
|
148
+0%
|
145
-2%
|
146
+1%
|
152
+5%
|
157
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
(1)
|
(3)
|
(5)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(6)
|
(11)
|
(16)
|
(20)
|
(23)
|
(23)
|
|
Non-Reccuring Items |
0
|
(1)
|
(3)
|
(3)
|
0
|
(2)
|
(1)
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(0)
|
0
|
0
|
(2)
|
(3)
|
(4)
|
(4)
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
(2)
|
(3)
|
(3)
|
(2)
|
2
|
2
|
|
Total Other Income |
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
(1)
|
(0)
|
0
|
(1)
|
1
|
|
Pre-Tax Income |
66
N/A
|
63
-4%
|
62
-2%
|
68
+10%
|
77
+13%
|
87
+13%
|
94
+8%
|
92
-2%
|
87
-5%
|
82
-6%
|
81
-1%
|
81
0%
|
83
+3%
|
86
+3%
|
87
+1%
|
87
0%
|
89
+2%
|
93
+5%
|
96
+3%
|
98
+3%
|
99
+1%
|
99
0%
|
99
0%
|
99
+1%
|
97
-3%
|
96
0%
|
97
+1%
|
101
+4%
|
106
+6%
|
112
+5%
|
116
+4%
|
120
+4%
|
125
+4%
|
133
+6%
|
142
+7%
|
141
-1%
|
134
-5%
|
125
-6%
|
124
-1%
|
130
+4%
|
137
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(21)
|
(21)
|
(21)
|
(24)
|
(24)
|
(28)
|
(29)
|
(29)
|
(27)
|
(26)
|
(26)
|
(25)
|
(27)
|
(26)
|
(25)
|
(23)
|
(24)
|
(25)
|
(24)
|
(24)
|
(21)
|
(22)
|
(21)
|
(21)
|
(17)
|
(16)
|
(15)
|
(18)
|
(22)
|
(24)
|
(26)
|
(27)
|
(29)
|
(31)
|
(34)
|
(32)
|
(28)
|
(26)
|
(25)
|
(27)
|
(29)
|
|
Income from Continuing Operations |
45
|
43
|
41
|
45
|
53
|
59
|
64
|
63
|
60
|
57
|
56
|
56
|
56
|
60
|
62
|
64
|
64
|
68
|
71
|
74
|
78
|
77
|
77
|
79
|
80
|
81
|
82
|
83
|
85
|
88
|
90
|
93
|
96
|
102
|
109
|
109
|
105
|
99
|
99
|
103
|
109
|
|
Net Income (Common) |
45
N/A
|
43
-4%
|
41
-4%
|
45
+9%
|
53
+19%
|
59
+12%
|
64
+9%
|
63
-2%
|
60
-5%
|
57
-5%
|
56
-1%
|
56
N/A
|
56
+0%
|
60
+6%
|
62
+4%
|
64
+3%
|
90
+41%
|
94
+4%
|
97
+3%
|
100
+3%
|
79
-22%
|
78
-1%
|
78
+0%
|
80
+2%
|
80
+0%
|
81
+1%
|
82
+2%
|
83
+1%
|
85
+2%
|
88
+4%
|
90
+2%
|
93
+4%
|
96
+3%
|
102
+6%
|
109
+7%
|
109
+0%
|
105
-3%
|
99
-6%
|
99
+0%
|
103
+4%
|
109
+5%
|
|
EPS (Diluted) |
1.44
N/A
|
1.37
-5%
|
1.33
-3%
|
1.44
+8%
|
1.69
+17%
|
1.89
+12%
|
2.05
+8%
|
2
-2%
|
1.89
-6%
|
1.77
-6%
|
1.74
-2%
|
1.74
N/A
|
1.75
+1%
|
1.86
+6%
|
1.93
+4%
|
1.99
+3%
|
2.79
+40%
|
2.9
+4%
|
2.99
+3%
|
3.07
+3%
|
2.42
-21%
|
2.4
-1%
|
2.38
-1%
|
2.43
+2%
|
2.45
+1%
|
2.49
+2%
|
2.53
+2%
|
2.55
+1%
|
2.6
+2%
|
2.71
+4%
|
2.76
+2%
|
2.87
+4%
|
2.94
+2%
|
3.12
+6%
|
3.36
+8%
|
3.35
0%
|
3.25
-3%
|
3.06
-6%
|
3.07
+0%
|
3.19
+4%
|
3.35
+5%
|