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BALCHEM REPORTS RESULTS

 SLATE HILL, N.Y., May 7 /PRNewswire/ -- Herb Weiss, president of Balchem Corporation (NASDAQ: BLCC), today issued the following statement on the company's earnings:
 BALCHEM CORPORATION
 (Unaudited, 000s omitted except for net earnings per share)
 Three months ended March 31 1993 1992
 Sales $3,287 $3,105
 Pre-tax profit 140 174
 Taxes 57 63
 Net income 83 104
 Earnings per share $0.0415 $0.052
 As predicted, our sales volume recovered from its temporarily low level in the fourth quarter of 1992. Although we regained profitability, earnings were not quite up to the first quarter of last year. However, we had a satisfactory month-to-month progression, which should continue through the year.
 The equipment for our new drummed propylene oxide business has been installed on schedule. As forecast, commercial sales have begun in April.
 The equipment for another major new product is being installed on schedule, with sales expected to begin in the third quarter.
 Tests continue on one set of our products for use in the agricultural animal market. They are expected to be completed by the fourth quarter. The other project in this field (based on a different product) which was mentioned in earlier reports has been discontinued by the prospect. We are now exploring alternative routes into this market.
 Our efforts in the aquaculture market in southeast Asia have begun to pay off with some initial sales of significant size. This project has considerable potential for Balchem.
 A negative factor has been the decrease in the selling price of ethylene oxide due to competitive activities. Although this has had a significant effect on the gross margin for this product, no accounts of significance have been lost.
 -0- 5/7/93
 /CONTACT: Herb Weiss, president of Balchem Corporation, 914-355-2861/


CO: Balchem Corporation ST: New York IN: CHM SU: ERN

TS-PH -- NY014 -- 2366 05/07/93 09:55 EDT
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Publication:PR Newswire
Date:May 7, 1993
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