Blachem posts 3Q profit

NEW HAMPTON, N.Y. (AP) _ Balchem Corp. (BCPC) on Tuesday reported third-quarter earnings of $16 million.

The New Hampton, New York-based company said it had net income of 50 cents per share. Earnings, adjusted for non-recurring costs, were 63 cents per share.

The chemical company posted revenue of $150.7 million in the period.

Blachem shares have dropped nearly 1 percent since the beginning of the year. The stock has increased 18 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCPC at https://www.zacks.com/ap/BCPC