BALCHEM CP CL-B   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period End Date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Sales	953.68	922.44	942.36	799.02	703.64	643.71	643.68	594.79	553.20	552.49
Total Revenues	953.68	922.44	942.36	799.02	703.64	643.71	643.68	594.79	553.20	552.49
Cost of sales	617.48	620.38	661.91	555.85	479.75	432.34	439.43	405.78	372.34	384.40
Gross Profit	336.21	302.06	280.45	243.17	223.90	211.37	204.25	189.01	180.86	168.10
Research and development expenses	16.79	15.05	12.19	13.52	10.33	11.38	11.59	9.31	7.33	5.99
General and administrative expenses	67.59	53.42	55.67	41.74	43.79	36.51	27.69	27.73	27.53	21.90
Selling expenses	68.92	74.40	67.41	60.41	58.63	60.93	57.22	54.72	55.17	46.26
Total Operating Expense	153.30	142.86	135.27	115.67	112.75	108.81	96.50	91.75	90.02	74.14
Operating Income / (Loss)	182.91	159.19	145.19	127.50	111.15	102.55	107.75	97.26	90.84	93.96
Interest expense	16.53	22.61	10.27	2.46	4.44	5.96	7.61	7.54	7.27	6.59
Interest income	--	--	--	--	--	--	--	0.01	0.01	0.01
Other, net	0.07	0.68	(1.17)	0.19	(0.29)	(0.12)	(1.11)	(1.24)	(0.65)	(0.31)
Earnings before income tax expense	166.45	137.26	133.75	125.23	106.42	96.48	99.03	88.49	82.93	87.06
Current- Foreign	10.38	7.63	7.10	7.55	3.40	1.61	4.06	3.02	2.67	3.02
Current: Federal	30.21	27.31	26.42	25.02	19.25	17.76	18.30	20.10	28.77	29.64
Current: State	4.17	4.40	3.96	3.66	3.59	0.82	3.88	2.79	2.48	2.98
Income tax expense (benefit)	37.98	28.72	28.38	29.13	21.79	16.81	20.46	(1.58)	26.96	27.34
Deferred: Federal	(2.44)	(7.74)	(7.53)	(3.71)	(3.02)	(3.71)	(3.79)	(1.30)	(7.11)	(6.82)
Deferred: State	(1.15)	(0.60)	(1.36)	(0.36)	(1.59)	0.07	(0.95)	(0.38)	0.11	(1.54)
Deferred: Foreign	(3.19)	(2.29)	(0.22)	(3.04)	0.17	0.26	(0.07)	0.06	0.05	0.06
Deemed Repatriation	--	--	--	--	--	0.00	--	--	--	--
Federal Rate Change	--	--	--	--	--	0.00	--	--	--	--
Net Income (loss) Available to Common Shareholders	128.48	108.54	105.37	96.10	84.62	79.67	78.57	90.07	55.97	59.72
Net Earnings Per Share (Basic)	3.97	3.38	3.29	2.98	2.63	2.48	2.45	2.83	1.78	1.92
Net Earnings Per Share (Diluted)	3.93	3.35	3.25	2.94	2.60	2.45	2.42	2.79	1.75	1.89
Weighted Average Shares Outstanding (Basic)	32.33	32.11	32.02	32.22	32.18	32.14	32.09	31.84	31.52	31.16
Weighted Average Shares Outstanding (Diluted)	32.72	32.45	32.39	32.67	32.50	32.51	32.45	32.23	31.92	31.64