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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Balchem Corporation reports three reportable segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. Sales and production of products outside of our reportable segments and other minor business activities are included in "Other and Unallocated". The Company's Chief Operating Decision Maker ("CODM") is the Chief Executive Officer. The CODM receives a profit and loss reporting package which provides segment information including revenue, cost of goods sold, gross margin, total operating expenses, and earnings from operations. The CODM utilizes this monthly profit and loss reporting package to analyze segment performance and appropriately allocate resources. Pursuant to ASU 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures", the significant segment information is summarized as follows:
|  | For the Three Months Ended June 30, 2025
|  | HNH |  | ANH |  | SP |  | Other and Unallocated |  | Total
Net sales |  | $ | 160,773 |  |  | $ | 56,028 |  |  | $ | 37,185 |  |  | $ | 1,481 |  |  | $ | 255,467 |
Cost of sales |  | 99,467 |  | (1) | 44,486 |  | (1) | 16,571 |  | (1) | 1,830 |  | (1) | 162,354 |
Gross margin |  | 61,306 |  |  | 11,542 |  |  | 20,614 |  |  | (349) |  |  | 93,113 |
Operating expenses |  | 22,964 |  | (2) | 8,028 |  | (3) | 9,345 |  | (4) | 1,334 |  | (5) | 41,671 |
Earnings from operations |  | 38,342 |  |  | 3,514 |  |  | 11,269 |  |  | (1,683) |  |  | 51,442 |
Other expenses: |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  | 2,766 |
Other income, net |  |  |  |  |  |  |  |  |  | (335) |
|  |  |  |  |  |  |  |  |  | 2,431 |
Earnings before income tax expense |  |  |  |  |  |  |  |  |  | 49,011 |
Income tax expense |  |  |  |  |  |  |  |  |  | 10,733 |
Net earnings |  |  |  |  |  |  |  |  |  | $ | 38,278 |
(1) Cost of sales are primarily comprised of raw materials consumed in the manufacture of product, as well as manufacturing labor, depreciation expense, and other overhead expenses necessary to convert purchased materials and supplies into finished product. Cost of sales also includes inbound freight costs, outbound freight costs for shipping products to customers, warehousing costs, quality control and obsolescence expense.
(2) Operating expenses within HNH are primarily comprised of compensation-related costs, professional services, including advertising and marketing costs, and amortization expense in connection with certain acquired intangible assets.
(3) Operating expenses within ANH are primarily comprised of compensation-related costs and professional services, including advertising and marketing costs.
(4) Operating expenses within SP are primarily comprised of compensation-related costs, professional services, and amortization expense in connection with certain acquired intangible assets.
(5) Operating expenses within Other and Unallocated are primarily comprised of compensation-related costs and transaction and integration costs.
|  | For the Six Months Ended June 30, 2025
|  | HNH |  | ANH |  | SP |  | Other and Unallocated |  | Total
Net sales |  | $ | 319,230 |  |  | $ | 113,305 |  |  | $ | 70,460 |  |  | $ | 2,991 |  |  | $ | 505,986 |
Cost of sales |  | 198,850 |  | (6) | 89,403 |  | (6) | 32,557 |  | (6) | 3,895 |  | (6) | 324,705 |
Gross margin |  | 120,380 |  |  | 23,902 |  |  | 37,903 |  |  | (904) |  |  | 181,281 |
Operating expenses |  | 44,064 |  | (7) | 15,152 |  | (8) | 17,049 |  | (9) | 2,559 |  | (10) | 78,824 |
Earnings from operations |  | 76,316 |  |  | 8,750 |  |  | 20,854 |  |  | (3,463) |  |  | 102,457 |
Other expenses: |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  | 5,690 |
Other income, net |  |  |  |  |  |  |  |  |  | (184) |
|  |  |  |  |  |  |  |  |  | 5,506 |
Earnings before income tax expense |  |  |  |  |  |  |  |  |  | 96,951 |
Income tax expense |  |  |  |  |  |  |  |  |  | 21,620 |
Net earnings |  |  |  |  |  |  |  |  |  | $ | 75,331 |
(6) Cost of sales are primarily comprised of raw materials consumed in the manufacture of product, as well as manufacturing labor, depreciation expense, and other overhead expenses necessary to convert purchased materials and supplies into finished product. Cost of sales also includes inbound freight costs, outbound freight costs for shipping products to customers, warehousing costs, quality control and obsolescence expense.
(7) Operating expenses within HNH are primarily comprised of compensation-related costs, professional services, including advertising and marketing costs, and amortization expense in connection with certain acquired intangible assets.
(8) Operating expenses within ANH are primarily comprised of compensation-related costs and professional services, including advertising and marketing costs.
(9) Operating expenses within SP are primarily comprised of compensation-related costs, professional services, and amortization expense in connection with certain acquired intangible assets.
(10) Operating expenses within Other and Unallocated are primarily comprised of compensation-related costs and transaction and integration costs.
|  | For the Three Months Ended June 30, 2024
|  | HNH |  | ANH |  | SP |  | Other and Unallocated |  | Total
Net sales |  | $ | 147,928 |  |  | $ | 49,557 |  |  | $ | 35,094 |  |  | $ | 1,502 |  |  | $ | 234,081 |
Cost of sales |  | 93,215 |  | (11) | 39,774 |  | (11) | 15,965 |  | (11) | 2,133 |  | (11) | 151,087 |
Gross margin |  | 54,713 |  |  | 9,783 |  |  | 19,129 |  |  | (631) |  |  | 82,994 |
Operating expenses |  | 21,346 |  | (12) | 7,090 |  | (13) | 7,901 |  | (14) | 860 |  | (15) | 37,197 |
Earnings from operations |  | 33,367 |  |  | 2,693 |  |  | 11,228 |  |  | (1,491) |  |  | 45,797 |
Other expenses: |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  | 4,240 |
Other expense, net |  |  |  |  |  |  |  |  |  | 331 |
|  |  |  |  |  |  |  |  |  | 4,571 |
Earnings before income tax expense |  |  |  |  |  |  |  |  |  | 41,226 |
Income tax expense |  |  |  |  |  |  |  |  |  | 9,157 |
Net earnings |  |  |  |  |  |  |  |  |  | $ | 32,069 |
(11) Cost of sales are primarily comprised of raw materials consumed in the manufacture of product, as well as manufacturing labor, depreciation expense, and other overhead expenses necessary to convert purchased materials and supplies into finished product. Cost of sales also includes inbound freight costs, outbound freight costs for shipping products to customers, warehousing costs, quality control and obsolescence expense.
(12) Operating expenses within HNH are primarily comprised of compensation-related costs, professional services, including advertising and marketing costs, and amortization expense in connection with certain acquired intangible assets.
(13) Operating expenses within ANH are primarily comprised of compensation-related costs and professional services, including advertising and marketing costs.
(14) Operating expenses within SP are primarily comprised of compensation-related costs, professional services, and amortization expense in connection with certain acquired intangible assets.
(15) Operating expenses within Other and Unallocated are primarily comprised of compensation-related costs and transaction and integration costs.
|  | For the Six Months Ended June 30, 2024
|  | HNH |  | ANH |  | SP |  | Other and Unallocated |  | Total
Net sales |  | $ | 300,672 |  |  | $ | 103,478 |  |  | $ | 66,707 |  |  | $ | 2,883 |  |  | $ | 473,740 |
Cost of sales |  | 190,597 |  | (16) | 84,009 |  | (16) | 30,591 |  | (16) | 4,035 |  | (16) | 309,232 |
Gross margin |  | 110,075 |  |  | 19,469 |  |  | 36,116 |  |  | (1,152) |  |  | 164,508 |
Operating expenses |  | 43,451 |  | (17) | 14,716 |  | (18) | 16,689 |  | (19) | 2,179 |  | (20) | 77,035 |
Earnings from operations |  | 66,624 |  |  | 4,753 |  |  | 19,427 |  |  | (3,331) |  |  | 87,473 |
Other expenses: |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  | 9,638 |
Other income, net |  |  |  |  |  |  |  |  |  | (241) |
|  |  |  |  |  |  |  |  |  | 9,397 |
Earnings before income tax expense |  |  |  |  |  |  |  |  |  | 78,076 |
Income tax expense |  |  |  |  |  |  |  |  |  | 17,021 |
Net earnings |  |  |  |  |  |  |  |  |  | $ | 61,055 |
(16) Cost of sales are primarily comprised of raw materials consumed in the manufacture of product, as well as manufacturing labor, depreciation expense, and other overhead expenses necessary to convert purchased materials and supplies into finished product. Cost of sales also includes inbound freight costs, outbound freight costs for shipping products to customers, warehousing costs, quality control and obsolescence expense.
(17) Operating expenses within HNH are primarily comprised of compensation-related costs, professional services, including advertising and marketing costs, and amortization expense in connection with certain acquired intangible assets.
(18) Operating expenses within ANH are primarily comprised of compensation-related costs and professional services, including advertising and marketing costs.
(19) Operating expenses within SP are primarily comprised of compensation-related costs, professional services, and amortization expense in connection with certain acquired intangible assets.
(20) Operating expenses within Other and Unallocated are primarily comprised of compensation-related costs and transaction and integration costs.
Business Segment Assets |  | June 30, 2025 |  | December 31, 2024
Human Nutrition and Health |  | $ | 1,246,742 |  |  | $ | 1,185,962 |
Animal Nutrition and Health |  | 173,190 |  |  | 161,243 |
Specialty Products |  | 174,207 |  |  | 161,283 |
Other and Unallocated (21) |  | 84,108 |  |  | 66,883 |
Total |  | $ | 1,678,247 |  |  | $ | 1,575,371 |
(21) Other and Unallocated assets consist of certain cash, capitalized loan issuance costs, other assets, investments, and income taxes, which the Company does not allocate to its individual business segments. It also includes assets associated with a few minor businesses which individually do not meet the quantitative thresholds for separate presentation.
Depreciation/Amortization |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Human Nutrition and Health |  | $ | 7,544 |  |  | $ | 8,386 |  |  | $ | 14,847 |  |  | $ | 17,926 |
Animal Nutrition and Health |  | 1,829 |  |  | 2,096 |  |  | 3,590 |  |  | 4,198 |
Specialty Products |  | 1,796 |  |  | 1,765 |  |  | 3,522 |  |  | 3,544 |
Other and Unallocated |  | 234 |  |  | 259 |  |  | 458 |  |  | 506 |
Total |  | $ | 11,403 |  |  | $ | 12,506 |  |  | $ | 22,417 |  |  | $ | 26,174 |
Capital Expenditures |  | Six Months Ended June 30,
|  | 2025 |  | 2024
Human Nutrition and Health |  | $ | 6,026 |  |  | $ | 7,697 |
Animal Nutrition and Health |  | 4,424 |  |  | 4,332 |
Specialty Products |  | 1,685 |  |  | 1,245 |
Other and Unallocated |  | 107 |  |  | 173 |
Total |  | $ | 12,242 |  |  | $ | 13,447 |

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- Definition The entire disclosure for reporting segments including data and tables. 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