BRIDGEWATER, MA – Chase Corp. today reported third-quarter revenues of $25.1 million, down 26% year-over-year. 

For the quarter ended May 31, the firm reported net income of $862,000, down 73%.

In a press release, Chase said it remains focused on strategic acquisition opportunities, new product development, supply chain management, consolidation as well as other cost-reduction efforts. At quarter's end, the company had $5.3 million in cash and net working capital of $25.6 million.

Chase's EMS sales fell $1.4 million for the quarter to $3.9 million, primarily on lower order volume. Current backlogs are $6.9 million as of June 30, compared to $8.8 million a year ago.