date:Nov 06, 2012
Ingredient solution and microencapsulation company Balchem achieved record third quarter net sales of $75.1 million, up 1% from the $74.4 million result, and record net earnings of $10.9 million, also up 1%.
The company noted the positive impact of the dairy market, with milk prices forecast to remain strong, and the pace of dairy herd contraction occurring at a slower rate than projected earlier in the year. Balchem said that current feed and milk price indicators should support greater utilis