Record-Breaking Financial Performance
Balchem reported record quarterly consolidated revenue of $255 million, a 9.1% increase from the prior year. Adjusted EBITDA reached $69 million, up 11.2%, with an adjusted EBITDA margin of 27.1%, a 50 basis point improvement. Net income increased by 19.4% to $38 million.
Strong Segment Growth
All three reporting segments (Human Nutrition & Health, Animal Nutrition & Health, and Specialty Products) experienced year-over-year sales and earnings growth, with Human Nutrition & Health segment achieving record sales of $161 million, an 8.7% increase.
Strategic Expansion Initiatives
Balchem announced plans to build a new $36 million manufacturing facility in New York to double its capacity for microencapsulation technologies, supporting continued growth.
Positive Impact of European Antidumping Duties
The European Commission's provisional antidumping duties on Chinese choline of 95% to 120% are expected to benefit Balchem's Animal Nutrition & Health segment.
Scientific Research and Innovations
Significant progress in the scientific pipeline with 20 active clinical studies and 9 published research studies, including findings on dietary choline reducing Alzheimer's risk by 51%.