WESTWOOD, MA – Chase Corp. posted second quarter revenue of $65.9 million, up 15% year-over-year.

For the quarter ended Feb. 28, net income was $10.1 million, up 21% compared to the same period last year. Operating income was $11.4 million, down 12%.

“Our pulling and detection and electronic and industrial coating product lines continued their trends of organic growth,” said Adam P. Chase, president and CEO. “Electronic and industrial coatings’ sales increased on expanding automotive and appliance manufacturing industries. Our cable materials product line was again down for the quarter, but on a less sharp decline than seen in our first quarter.”

The firm’s industrial materials segment posted revenue of $55.3 million for the quarter, up 16.6% year-over-year. For the six months ended Feb. 28, the segment’s revenue was $105.3 million, an increase of 9.2%.

Chase’s brands include Humiseal, a developer of conformal coating for the electronics industry.

For the six months ended Feb. 28, the company’s total revenue was $127.8 million, an increase of 8% year-over-year. Net income for the period was $18.4 million, down 2%. Operating income was $24.3 million, a decrease of 9% compared to the same six months the previous year.

“Our balance sheet remains strong. As of February 28, 2018, the company’s cash on hand was $44.14 million, and our $150 million revolving credit facility had $95 million of additional availability.”

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