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Balchem Corp  (BCPC)
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BCPC's Net Income Growth by Quarter and Year

Balchem's Net Income results by quarter and year




BCPC Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 26.65 21.41 24.95 22.16
III Quarter September 29.08 25.25 25.01 21.57
II Quarter June 30.11 29.78 22.73 21.13
I Quarter March 22.71 28.93 23.41 19.77
FY   108.55 105.37 96.10 84.63



BCPC Net Income fourth quarter 2023 Y/Y Growth Comment
Balchem Corp achieved in the fourth quarter 2023, above Company average Net Income growth of 24.47% year on year, to $ 26.65 millions.

Looking into fourth quarter 2023 results within Chemical Manufacturing industry 10 other companies have achieved higher Net Income growth. While Balchem Corp' s Net Income rise of 24.47% ranks overall at the positon no. 333 in the fourth quarter 2023.




BCPC Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 24.47 % -14.19 % 12.59 % 8.73 %
III Quarter September 15.17 % 0.96 % 15.95 % 4.3 %
II Quarter June 1.11 % 31.02 % 7.57 % 6.56 %
I Quarter March -21.5 % 23.58 % 18.41 % 5.27 %
FY   3.02 % 9.65 % 13.55 % 6.23 %

Financial Statements
Balchem's fourth quarter 2023 Net Income $ 26.65 millions BCPC's Income Statement
Balchem's fourth quarter 2022 Net Income $ 21.41 millions Quarterly BCPC's Income Statement
New: More BCPC's historic Net Income Growth >>


BCPC Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -8.36 % -15.21 % -0.24 % 2.74 %
III Quarter September -3.42 % -15.21 % 10.03 % 2.08 %
II Quarter June 32.58 % 2.94 % -2.9 % 6.88 %
I Quarter March 6.07 % 15.95 % 5.64 % -2.99 %
FY (Year on Year)   3.02 % 9.65 % 13.55 % 6.23 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Chemical Manufacturing Industry #11
Basic Materials Sector #24
Overall #333

Net Income Y/Y Growth Statistics
High Average Low
107.69 % 13.99 % -20.55 %
(March 31, 2016)   (Sep 30 2019)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Chemical Manufacturing Industry #11
Basic Materials Sector #24
Overall #333
Net Income Y/Y Growth Statistics
High Average Low
107.69 % 13.99 % -20.55 %
(March 31, 2016)   (Sep 30 2019)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Balchem's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
161.63 % 4.81 % -53.91 %
(Dec 31 2017)  


BCPC's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Balchem Corp realized drop in Net Income from the third quarter by -8.36% to $ 26.65 millions, from $ 29.08 millions achived in the previous reporting period.

As we evaluate recent slump at the IV. Quarter, we must take into consideration, that usually IV. Quarter performance emerge sluggish then in the third quarter, Benjamin Jonsson, an industry advisor added.

Within Chemical Manufacturing industry 6 other companies have achieved higher Net Income quarter on quarter growth. While Balchem's Net Income growth quarter on quarter, overall rank is 317.


Net Income Q/Q Growth Company Ranking
Within: No.
Chemical Manufacturing Industry #7
Basic Materials Sector #19
Overall #317
Net Income Q/Q Growth Company Ranking
Within: No.
Chemical Manufacturing Industry #7
Basic Materials Sector #19
Overall #317
Net Income Q/Q Growth Statistics
High Average Low
161.63 % 4.81 % -53.91 %
(Dec 31 2017)  


BCPC's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Balchem Corp disclosed drop in Net Income sequentially by -8.36% to $ 26.65 millions, from $ 29.08 millions released a quarter before.

This is not huge problem, as IV. Quarter Net Income frequently seem to slow in the IV. Quarter.

Within Chemical Manufacturing industry 6 other companies have achieved higher Net Income quarter on quarter growth. While Balchem's Net Income growth quarter on quarter, overall rank is 317.


Balchem's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 108.54 $ 103.30 $ 99.48 $ 99.15 $ 105.37
Y / Y Net Income Growth (TTM) 3.01 % -5.15 % -8.46 % -2.44 % 9.64 %
Year on Year Net Income Growth Overall Ranking # 245 # 119 # 672 # 825 # 659
Seqeuential Net Income Change (TTM) 5.07 % 3.85 % 0.33 % -5.9 % -3.25 %
Seq. Net Income Growth (TTM) Overall Ranking # 333 # 824 # 174 # 170 # 833




Cumulative Net Income growth Comment
Although Balchem's Annual Net Income growth year on year were below company's average 13.99% , Net Income announced in the Dec 31 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 3.01% year on year, from -5.15% in Sep 30 2023.

Among companies within the Basic Materials sector 16 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 119 to 245.

Net Income TTM Q/Q Growth Statistics
High Average Low
107.69 %
13.99 %
-20.55 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Chemical Manufacturing Industry # 11
Basic Materials Sector # 17
Overall # 245

Net Income TTM Y/Y Growth Statistics
High Average Low
107.69 %
13.99 %
-20.55 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 24
S&P 500 # 333
Cumulative Net Income growth Comment
Although Balchem's Annual Net Income growth year on year were below company's average 13.99% , Net Income announced in the Dec 31 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 3.01% year on year, from -5.15% in Sep 30 2023.

Among companies within the Basic Materials sector 16 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 119 to 245.

Net Income TTM Q/Q Growth Statistics
High Average Low
107.69 %
13.99 %
-20.55 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Chemical Manufacturing Industry # 11
Basic Materials Sector # 17
Overall # 245

Net Income TTM Y/Y Growth Statistics
High Average Low
107.69 %
13.99 %
-20.55 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 24
S&P 500 # 333




Other Net Income Growth
Chemical Manufacturing Industry Net Income Growth Trends and Statistics
Basic Materials Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
BCPC's Net Income Growth Ratio versus Chemical Manufacturing Industry, Basic Materials Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for BCPC's Competitors
Net Income Growth for Balchem's Suppliers
Net Income Growth for BCPC's Customers

You may also want to know
BCPC's Annual Growth Rates BCPC's Profitability Ratios BCPC's Asset Turnover Ratio BCPC's Dividend Growth
BCPC's Roe BCPC's Valuation Ratios BCPC's Financial Strength Ratios BCPC's Dividend Payout Ratio
BCPC's Roa BCPC's Inventory Turnover Ratio BCPC's Growth Rates BCPC's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Basic Materials SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Niocorp Developments Ltd 35.49%$ 35.488 millions
Sealed Air Corp31.50%$ 31.495 millions
Reynolds Consumer Products Inc 29.25%$ 29.245 millions
Graphic Packaging Holding Co25.64%$ 25.641 millions
Balchem Corp24.49%$ 24.488 millions
Avery Dennison Corporation16.44%$ 16.436 millions
Red Trail Energy Llc15.83%$ 15.832 millions
Linde Plc15.80%$ 15.797 millions




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