Record net sales of $27.6 million were achieved for the quarter ended March 31, 2007. This is an increase of 12.2% above the $24.6 million result of the prior year comparable quarter and was derived from both organic and acquisition growth.
Record net earnings for the first quarter were $3.4 million, an increase of
$0.6 million, or 20.4% as compared with the same period last
Commenting on 2007, Dino A. Rossi, President and CEO of Balchem, said “We
are very pleased with the overall performance of the business. The results
derived from the CMC acquisition highlights one of our recent acquisitions and
successful strategic initiatives, and allows us to build off of our strong base
of technology and business.
“Consistent with our plan, we continue to invest in our
pharmaceutical initiative, where we spent approximately $0.2 million in the
quarter. We look to 2007 with strong double digit growth expectations from the
core and acquired businesses, including continued spending toward our
pharmaceutical objectives, for both sales and earnings.”
Balchem Corporation consists of three business
2/3 articles remaining | Register to continue reading.