Balchem reports Q4 adjusted EPS 94c, consensus 83c

Reports Q4 revenue $232.5M, consensus $241.47M. Ted Harris, Chairman, CEO, and President of Balchem said, "The fourth quarter capped off another strong year for Balchem. For the full year, we achieved record sales of $942 million, growing almost 18 percent year over year, with record sales in all three of our business segments. In 2022, we continued to deliver strong results in a challenging macro-economic environment, supported by our strong positions within the markets we serve and our attractive product offerings. I am extremely proud of how the company responded to the unprecedented market environment over the last year. As I look forward to 2023, I believe we are well positioned to drive continued growth and progress on our strategic growth initiatives while managing through the new challenges we will undoubtedly face within this dynamic global market environment."