Balchem rises on higher Q1 rev

Balchem

28/04/2023 19:44

** Shares of Balchem Corp  BCPC.O  rise 3.4% to $130.58, at
over a month high
    ** Co reports Q1 net sales of $232.5 mln vs $228.9 mln year
ago
    ** Also posts consolidated gross margin of $73.2 mln in Q1,
up 2.3% due to higher average selling prices
    ** Adj income is $0.94 per share in quarter vs $1.03 in Q1
2022
    ** Shares up ~7% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))