Ocean Bio-Chem, Inc. manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, home care, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, waxes, enzyme fuel treatments, private label products, motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, brush handles, tie-downs, and other related accessories. It also manufactures automotive products, such as fuel treatments for gas and diesel engines, motor oils, greases, and related items; anti-freeze and windshield washes; and automotive polishes, cleaners, and other items. In addition, the company offers fuel treatment and other specialty products to the recreational vehicle market; solutions to various problems associated with E-10 fuel; and other specialty recreational vehicle/power sports products, including cleaners, polishes, detergents, fabric cleaners and protectors, silicone sealants, waterproofers, gasket materials, degreasers, vinyl cleaners and protectors, toilet treatment fluids, and anti-freeze/coolants. Further, it provides solutions to rectify operating engine problems in commercial lawn, and other home and garden power equipment; deodorizers, disinfectants, and sanitizers, as well as mildew odor control bags and boat odor sanitizers; blends and packages chemical formulations; and manufactures PVC and HDPE blow molded bottles. The company sells its products under the Star Tron, Performacide, and Star brite brands through retailers and online retailers, as well as to distributors. Ocean Bio-Chem, Inc. was founded in 1973 and is headquartered in Fort Lauderdale, Florida.
IPO Year:
Exchange: NASDAQ
Website: oceanbiochem.com
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4 - OCEAN BIO CHEM INC (0000350737) (Issuer)
4 - OCEAN BIO CHEM INC (0000350737) (Issuer)
4 - OCEAN BIO CHEM INC (0000350737) (Issuer)
4 - OCEAN BIO CHEM INC (0000350737) (Issuer)
4 - OCEAN BIO CHEM INC (0000350737) (Issuer)
4 - OCEAN BIO CHEM INC (0000350737) (Issuer)
4 - OCEAN BIO CHEM INC (0000350737) (Issuer)
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BUFORD, Ga. and FT. LAUDERDALE, Fla., June 22, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ:ONEW) ("OneWater" or the "Company") announced today that it has signed a definitive agreement to acquire Ocean Bio-Chem, Inc. (NASDAQ:OBCI) ("OBCI" or "Ocean Bio-Chem"), a leading supplier and distributor of appearance, cleaning, and maintenance products for the marine industry and the automotive, powersports, recreational vehicles, and outdoor power equipment markets, for $13.08 per share, in an all-cash transaction valued at approximately $125 million. As part of the transaction, OneWater will also acquire OBCI's affiliate, Star Brite Europe, Inc. Upon closing of the transaction, both OBC
Star brite Inc. Parent Company Reports First Quarter Net Sales of $12.7 Million and Net Income of $1.3 Million FORT LAUDERDALE, Fla., May 16, 2022 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), the parent company of Star brite Inc. and Kinpak Inc. — vertical manufacturer and distributor of performance, appearance, maintenance, and disinfectant chemicals for the marine, RV, and outdoor industries is pleased to announce its first-quarter 2022 financial results. 2022 -First Quarter Highlights:First quarter net sales of $12.7 millionFirst quarter net income of $1.3 million,First quarter net income as a percent of sales – 10.2%Cash on hand $10.2 million at March 31st, 2022, with a ratio of 7
FORT LAUDERDALE, Fla., Feb. 28, 2022 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), the premier manufacturer and distributor for specialty chemicals in the marine, automotive, recreational vehicle and home care markets, today announced that the Company's Board of Directors approved a quarterly regular dividend increase of 33 percent and declared a regular quarterly dividend of $0.04 per share on the Company's Common Stock. The Company will now pay an annual regular dividend of $0.16 per share. The dividend is payable on March 25, 2022, to the Company's Common Stock Shareholders on record on March 10, 2022. The Company will be reporting full year 2021 financial results on March 31, 2022.
FORT LAUDERDALE, Fla., Jan. 18, 2022 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI) announced today record net sales for both the fourth quarter and the full year 2021, continuing a 9-year trend of record-breaking sales. 2021 Highlights Record full-year net sales of approximately $64.3 million, up 16% over 2020 Record Q4 2021 net sales of approximately $14 million, up 9% over Q4 2020 OTIF rate at approximately 98% National Marine Distributor Association (NMDA) - Supplier of the Year West Marine – Supplier of the Year West Marine – Best Supply Chain PartnerFor the full year
FORT LAUDERDALE, Fla., Nov. 15, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), a leader in performance and appearance chemicals, released its third quarter 2021 financial results today. Third Quarter 2021 Financial Highlights Net Sales increased 12% over Q3 2020 to $21.5 million Record year-to-date net sales increased 18% to $50.3 million Cash on hand increased 62% over Q3 2020 to $10.7 million Ratio of 6.12:1 of current assets to liabilities $11 million plant expansion is on time and entering final phase"2021 has been as great year for sales and profits, if we discount our reduced sales of Performacide–our EPA-registered disinfectant for COVID-19—as compared to 2020. Last year's
FORT LAUDERDALE, Fla., Aug. 16, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI), the parent company of Star brite, Inc. and Kinpak Inc.—vertical manufacturer and distributor of performance, appearance, maintenance, and disinfectant chemicals for the marine, RV, and outdoor industries—is pleased to announce its record financial results for the first six months of 2021. Record net income for the first six months of 2021 was approximately $4.5 million, a 10.5% increase compared to net income of approximately $4.1 million for the first six months of 2020. The six-month 20
FORT LAUDERDALE, Fla., July 27, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI), the parent company of Star brite, Inc. and Kinpak, Inc.—vertical manufacturer and distributor of performance, appearance, maintenance, and disinfectant chemicals for the marine, RV, and outdoor industries—is pleased to announce sales for the second quarter and the first six months of 2021. For the first six months of 2021, record net sales were approximately $28.8 million, compared to approximately $23.5 million for the first six months of 2020, an increase of approximately 23% or $5.3 m
FORT LAUDERDALE, Fla., June 22, 2021 /PRNewswire/ -- OdorStar Technology, LLC. a subsidiary of Ocean Bio-Chem, Inc. (NASDAQ:OBCI), announces it has received approval from The U.S. Environmental Protection Agency (EPA) for its PERFORMACIDE® brand of disinfectants (EPA Reg No. 87508-3) that include a 30-second kill claim for SARS-CoV-2, the virus that causes COVID-19. The U.S. Environmental Protection Agency (EPA) has updated the labeling of PERFORMACIDE® Hard Surface Disinfectant to reflect a 30-second contact time to kill SARS-CoV-2, the virus that causes COVID-19, on hard, n
FORT LAUDERDALE, Fla., May 17, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), the parent company of Star brite, Inc. and Kinpak, Inc. — vertical manufacturer and distributor of performance, appearance, maintenance, and disinfectant chemicals for the marine, RV, and outdoor industries is pleased to announce its record first-quarter 2021 financial results. 2021 -First Quarter Highlights: Record first quarter net income of $1.9 million, up 204% compared to same period 2020. Record first quarter net sales of $13.1 million, up 68% compared to same period 2020. Record firs
FORT LAUDERDALE, Fla., April 19, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), parent of Star brite, Inc., announced today record net sales for the first quarter of 2021. For the first quarter of 2021, net sales were approximately $13.1 million, compared to approximately $7.8 million for the first quarter of 2020, an increase of approximately 68% or $5.3 million. Peter Dornau, President and CEO commented, "Our first quarter net sales continued to be exceptionally strong, building on the success of our outstanding 2020 results. The unprecedented growth of core produc
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Star brite Inc. Parent Company Reports First Quarter Net Sales of $12.7 Million and Net Income of $1.3 Million FORT LAUDERDALE, Fla., May 16, 2022 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), the parent company of Star brite Inc. and Kinpak Inc. — vertical manufacturer and distributor of performance, appearance, maintenance, and disinfectant chemicals for the marine, RV, and outdoor industries is pleased to announce its first-quarter 2022 financial results. 2022 -First Quarter Highlights:First quarter net sales of $12.7 millionFirst quarter net income of $1.3 million,First quarter net income as a percent of sales – 10.2%Cash on hand $10.2 million at March 31st, 2022, with a ratio of 7
FORT LAUDERDALE, Fla., Feb. 28, 2022 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), the premier manufacturer and distributor for specialty chemicals in the marine, automotive, recreational vehicle and home care markets, today announced that the Company's Board of Directors approved a quarterly regular dividend increase of 33 percent and declared a regular quarterly dividend of $0.04 per share on the Company's Common Stock. The Company will now pay an annual regular dividend of $0.16 per share. The dividend is payable on March 25, 2022, to the Company's Common Stock Shareholders on record on March 10, 2022. The Company will be reporting full year 2021 financial results on March 31, 2022.
FORT LAUDERDALE, Fla., Nov. 15, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), a leader in performance and appearance chemicals, released its third quarter 2021 financial results today. Third Quarter 2021 Financial Highlights Net Sales increased 12% over Q3 2020 to $21.5 million Record year-to-date net sales increased 18% to $50.3 million Cash on hand increased 62% over Q3 2020 to $10.7 million Ratio of 6.12:1 of current assets to liabilities $11 million plant expansion is on time and entering final phase"2021 has been as great year for sales and profits, if we discount our reduced sales of Performacide–our EPA-registered disinfectant for COVID-19—as compared to 2020. Last year's
FORT LAUDERDALE, Fla., Aug. 16, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI), the parent company of Star brite, Inc. and Kinpak Inc.—vertical manufacturer and distributor of performance, appearance, maintenance, and disinfectant chemicals for the marine, RV, and outdoor industries—is pleased to announce its record financial results for the first six months of 2021. Record net income for the first six months of 2021 was approximately $4.5 million, a 10.5% increase compared to net income of approximately $4.1 million for the first six months of 2020. The six-month 20
FORT LAUDERDALE, Fla., May 17, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ:OBCI), the parent company of Star brite, Inc. and Kinpak, Inc. — vertical manufacturer and distributor of performance, appearance, maintenance, and disinfectant chemicals for the marine, RV, and outdoor industries is pleased to announce its record first-quarter 2021 financial results. 2021 -First Quarter Highlights: Record first quarter net income of $1.9 million, up 204% compared to same period 2020. Record first quarter net sales of $13.1 million, up 68% compared to same period 2020. Record firs
FORT LAUDERDALE, Fla., March 29, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI), the parent company of Star brite, Inc. and Kinpak Inc.—vertical manufacturer and distributor of performance, appearance, maintenance, and disinfectant chemicals for the marine, RV, and outdoor industries is pleased to announce its fourth-quarter and full-year 2020 financial results.2020 Highlights Record fourth quarter net sales of $12.9 million, up 32% compared to 2019 Record fourth quarter net income of $881,000, up 36% compared to 2019 Record full-year net sales of $55.6 million, up 32% compared to 2019 Record full-year net income of $9.6 million, up 175% compared to 2019
FORT LAUDERDALE, Fla., March 1, 2021 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI), parent company of Star brite, Inc.—vertical manufacturer and distributor of performance, appearance, and maintenance chemicals for the marine, RV, and outdoor industries — is pleased to announce the Board of Directors unanimously voted to increase the annual dividend to $0.12 per share of common stock, payable quarterly at a rate of $0.03 per share. The current dividend is payable on March 25, 2021, to holders of record of the Company's Common Stock on March 11,2021. President and CEO, Peter Dornau, commented on the vote, "We are just passing the Q1 halfway mark, and our shipments and open orders so f
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