Search OUR COMPANY HUMAN NUTRITION & HEALTH ANIMAL NUTRITION & HEALTH SPECIALTY PRODUCTS CONTACT US Home>Investor Relations>Blog>Balchem Corporation Reports Third Quarter 2021 Financial Results Balchem Corporation Reports Third Quarter 2021 Financial Results Posted: October 29, 2021 Blog | Events | Investor Relations | Press Releases | Uncategorized New Hampton, NY, October 29, 2021 – Balchem Corporation (NASDAQ: BCPC) reported today record third quarter net earnings of $25.0 million for 2021, compared to net earnings of $21.6 million for the third quarter 2020, record third quarter adjusted net earnings(a) of $30.0 million, compared to $26.9 million in the prior year quarter, and record third quarter adjusted EBITDA(a) of $48.3 million, compared to $44.4 million in the prior year quarter. Third Quarter 2021 Financial Highlights: • Net sales were $197.9 million, an increase of $22.7 million, or 13.0%, compared to the prior year quarter, with record third quarter sales in all three segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. • Adjusted EBITDA was $48.3 million, an increase of $3.9 million, or 8.8%, from the prior year. • GAAP net earnings were $25.0 million, an increase of $3.4 million, or 16.0% from the prior year. These net earnings resulted in GAAP earnings per share of $0.77. • Adjusted net earnings were $30.0 million, an increase of $3.1 million or 11.3% from the prior year. These adjusted net earnings resulted in adjusted earnings per share(a) of $0.92. • The effective tax rate of 22.0% was 67 basis points lower than the prior year tax rate of 22.7%. • Quarterly cash flows from operations were $39.6 million, an increase of $4.3 million from the prior year, with quarterly free cash flow(a) of $31.1 million compared to $28.3 million for the prior year quarter. Quarterly Conference Call A quarterly conference call will be held on Friday, October 29, 2021, at 11:00 AM Eastern Time (ET) to review third quarter 2021 results. Ted Harris, Chairman of the Board, CEO and President and Martin Bengtsson, CFO will host the call. We invite you to listen to the conference by calling toll-free 1-877-407-8289 (local dial-in 1-201-689-8341), five minutes prior to the scheduled start time of the conference call. The conference call will be available for replay two hours after the conclusion of the call through end of day Friday, November 12, 2021. To access the replay of the conference call, dial 1-877-660-6853 (local dial-in 1-201-612-7415), and use conference ID #13724276. VIEW REPORT VIEW PRESENTATION Related Posts Balchem to Participate in the Baird 2021 Global Industrial Conference on November 10, 2021 Join Ted Harris, CEO and Martin Bengtsson, CFO to learn more about Balchem at the Baird 2021 Global Industrial Conference on November 10, 2021. Balchem Announces Conference Call for 3rd Quarter 2021 Financial Results Join Ted Harris, Chairman of the Board, CEO and President and Martin Bengtsson, CFO on Friday, October 29th at 11:00 AM Eastern Time (ET) to review 3rd Quarter 2021 results. Let Us Know How We Can Help You At Balchem, we have years of experience working with a vast network of customers spanning across various industries. We encourage you to reach out to our team of experts with any questions, comments, or concerns you may have about our business segments or products. Building a better tomorrow starts here. CONTACT US Newsletter Signup Sign up for our newsletter to receive the latest Balchem news. Facebook LinkedIn Our Company Investor Relations Press Releases Human Nutrition & Health Animal Nutrition & Health Specialty Products Careers Contact Us Privacy Policy | Terms & Conditions | California Transparency in Supply Chains Act of 2010 | Cookie Policy | Accessibility © 2021 Balchem Inc., All rights reserved. We use cookies to optimize our website and our service. Cookie Policy Accept