balchem corp (BCPC) Key Developments
Balchem Corporation Announces Management Changes
Jun 3 14
Dino A. Rossi, President and CEO of Balchem Corporation announced the promotion of William A. Backus, CPA, to the position of Chief Financial Officer (CFO), effective immediately. Mr. Backus joined Balchem in 2006 as Balchem's Corporate Controller, and in 2011 was given added responsibility when he was promoted to Chief Accounting Officer and Assistant Treasurer. Current CFO, Frank J. Fitzpatrick, will move to a newly established position of Vice President, Administration.
Balchem Corp. Announces the Step Down of Richard A. Bendure as COO
May 20 14
On May 14, 2014, Balchem Corp. announced that Richard A. Bendure stepped down as COO in order to pursue other business endeavors following the mutual decision of Mr. Bendure and Balchem Corporation.
Balchem Corp. Presents at Houlihan Lokey 9th Annual Global Industrials Conference, May-22-2014
May 16 14
Balchem Corp. Presents at Houlihan Lokey 9th Annual Global Industrials Conference, May-22-2014 . Venue: New York Marriott Marquis, 1535 Broadway, New York, NY 10036, United States.
Balchem Corp. Provides Earnings Guidance for the Full Year 2014
May 5 14
Balchem Corp. provided earnings guidance for the full year 2014. For the year, the company expects to have 2014 annual revenues of approximately $260 million and 2014 earnings before interest, tax, depreciation and amortization of approximately $53 million. The acquisition purchase price reflects a multiple of 10.7x the estimated 2014 EBITDA, excluding any deal-related costs and synergies.
Balchem Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
May 5 14
Balchem Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced net sales of $85,995,000 compared to $84,651,000 for the same period a year ago. Earnings from operations were $13,355,000 compared to $15,865,000 for the same period a year ago. Earnings before income tax expense was $13,372,000 compared to $15,863,000 for the same period a year ago. Net earnings were $8,894,000 compared to $10,888,000 for the same period a year ago. Diluted net earnings per common share were $0.29 compared to $0.36 for the same period a year ago. Net cash provided by operating activities was $10,240,000 compared to $4,353,000 for the same period a year ago. Capital expenditures were $1,138,000 compared to $3,400,000 for the same period a year ago. Intangible assets acquired were $27,000 compared to $33,000 for the same period a year ago.