BRIDGEWATER, MA -- Chase Corp. reported revenue of $52.3 million for the quarter ended Feb. 28, up 2.2% from last year.

Net income fell 10% to $4.02 million on the acquisition of Henkel's specialty chemical lines. Adjusted EBITDA increased $420,000 to $10.26 million.

President and chief executive William P. Chase said: "We experienced favorable demand for electronic coatings, and are pleased by progress in commercializing newly developed UV materials. Wire and cable materials were off in the quarter, with energy-related applications negatively impacted by volatility in oil prices."

Chase develops several materials products including conformal coatings under the Humiseal brand.

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