WESTWOOD, MA – Chase Corp. reported fiscal fourth quarter revenue of $77.5 million, up 12% year-over-year.

Net income for the quarter ended Aug. 31 was $11.2 million, down 2% compared to the same period last year. Operating income was $13.8 million, down 16%.

Fiscal 2018 revenue was $284.2 million, up 13% year-over-year.

Net income was $43.1 million, an increase of 3% compared to fiscal 2017. Operating income for the year ended Aug. 31 was $55.1 million, down 5%.  

“Year-over-year revenue increases were achieved across our Industrial Materials and Construction Materials segments for both the fourth quarter and year-to-date periods,” said Adam P. Chase, president and CEO. “These increases came mostly from volume, but with some revenue gains coming on price.

“Product cost and mix trends noted in last quarter’s press release continued in the fourth quarter. Raw material costs further increased in the quarter, straining margins in certain product areas. We are experiencing a shift from relative stability to instability because of commodity price inflation and trade policy-driven supply chain disruptions. There is a lag period from when we realize cost increases until we pass them along in the marketplace.

“Our balance sheet remains strong. As of August 31, 2018, the company’s cash on hand was $34.83 million, and our $150 million revolving credit facility had $125 million of unused availability.”

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