BRIDGEWATER, MA -- Chase Corp. today reported revenue of $57.5 million for the quarter ended Nov. 30, up 2.8% from a year ago.

Net income rose 7.9% to $7.45 million, while adjusted EBITDA increased 7.8% to $14.6 million.

The results include a pretax gain of $1.03 million on the sale of the firm's wind energy business and a $370,000 write-down of certain assets under construction related to Chase's structural composites product line.

Adam P. Chase, president and chief executive, said, “We continue to experience economic headwinds, with the strong dollar, weakness in China and depressed commodity prices all leading to lower demand in some of our relevant markets. “Despite the challenges, we had some bright spots and a favorable sales mix. In the Industrial Materials segment, there was continued strength in pulling and detection products driven by domestic broadband infrastructure work. Automotive-related sales for electronic and industrial coatings in Mexico and Eastern Europe remained healthy, along with the contribution from the specialty chemical intermediates products acquired last fiscal year.

Chase makes coating materials for various industries including electronics, under the Humiseal name.