BRIDGEWATER, MA -- Chase Corp. today reported revenues of $57.6 million
for the quarter ended May 31, up 3.4% from last year. Net income rose 23.5% to $6.3 million.
Chase is the parent company of Humiseal brand of electronic conformal coatings.
Chairman and chief executive Peter R. Chase said, “We were able to continue to improve profitability significantly in the third fiscal quarter compared to the previous year along with modest revenue growth. A strong focus on consolidation and reduction of overlapping expenses in manufacturing, selling and administration continues to produce positive results.
“Industrial revenues were down slightly with a pullback in demand for some of our wire and cable products offsetting increases in electronic coatings.