Below are the financial statements of Balchem, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 953.68a | 922.44a | 942.36a |
| Cost of sales | -617.48a | -620.38a | -661.91a |
| Gross margin | 336.21a | 302.06a | 280.45a |
| Operating expenses | -153.3a | -142.86a | -135.27a |
| Selling expenses | -68.92a | -74.4a | -67.41a |
| Research and development expenses | -16.79a | -15.05a | -12.19a |
| General and administrative expenses | -67.59a | -53.42a | -55.67a |
| Earnings from operations | 182.91a | 159.19a | 145.19a |
| Other expenses | 16.46a | 21.93a | 11.44a |
| Interest expense, net | -16.53a | -22.61a | -10.27a |
| Other (income) expense, net | -0.07a | -0.68a | 1.17a |
| Earnings before income tax expense | 166.45a | 137.26a | 133.75a |
| Income tax expense | -37.98a | -28.72a | -28.38a |
| Net earnings | 128.48a | 108.54a | 105.37a |
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