Ocean Bio-Chem Inc. reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported net sales were $6,005,000 against $6,733,000 a year ago. Net income was $364,000 or $0.04 per diluted share against $648,000 or $0.08 per diluted share a year ago. The company expects increased profits and sales in coming quarters of the 2012.