Brief: Balchem Q1 Sales Rose 11.1% To $174.4 Mln

Balchem

01/05/2020 12:18

May 1 (Reuters) - Balchem Corp  BCPC.O :
    * ORATION REPORTS FIRST QUARTER SALES OF $174.4 MILLION,
GAAP EPS
OF $0.61 AND ADJUSTED EPS OF $0.81
    * Q1 ADJUSTED EARNINGS PER SHARE $0.81
    * Q1 SALES ROSE 11.1 PERCENT TO $174.4 MILLION
    * Q1 GAAP EARNINGS PER SHARE $0.61
    * TAKING ACTIONS TO REDUCE CAPITAL EXPENDITURES AND
NON-CRITICAL
CASH EXPENSES WHEREVER POSSIBLE TO PRESERVE CASH
    * BALCHEM- SALES OVER NEXT FEW QTRS WILL BE CHALLENGED BY
WEAKER
DEMAND IN FOOD SERVICES, ANIMAL PROTEIN MARKETS INCLUDING DAIRY
PROTEIN
    * BALCHEM- WILL EXPERIENCE SEQUENTIALLY LOWER OVERALL
REVENUES IN
Q2 AND FOR THE DURATION OF THE PANDEMIC

Source text for Eikon:  ID:nGNX5Cwf3C 
Further company coverage:  BCPC.O 

 ((Reuters.Briefs@thomsonreuters.com;))