Tenth graph, second sentence of release should read: The dividend is to shareholders of record on November 2, 2012 ... (sted The dividend is to shareholders of record on October 31, 2012 ...).
The corrected release reads:
CHASE CORPORATION ANNOUNCES FISCAL 2012 RESULTS
Revenues of $148.9 Million
Approves Annual Dividend of $0.40 Per Share
(NYSE MKT: CCF)
today reported revenues of $148.9 million for the fiscal year ended August 31, 2012. This represents an increase of 21.0% compared to $123.0 million in fiscal 2011. Fiscal 2012 includes revenues of $14.8 million from the Company’s June 2012 acquisition of NEPTCO, Inc. Net income was $9.34 million or $1.03 per share in fiscal 2012 compared to $10.93 million or $1.22 per share in the prior year. Adjusting for acquisition costs, expense related to inventory step up in fair value and defined benefit plan settlement costs, net income was $12.55 million or $1.38 per share in fiscal 2012 as outlined in the table below.
Revenues for the fourth quarter ended August 31, 2012 were $52.2 million. This represents an increase of 58.7% compared to $32.9 million in the prior year period. The increase of $19.3 million includes revenues of $14.8 million from NEPTCO, Inc. Net income was $2.44 million or $0.27 per share in the current quarter compared to $3.62 million or $0.40 per share in fiscal 2011. Adjusting for acquisition costs, expense related to inventory step up in fair value and defined benefit plan settlement costs, net income was $4.69 million or $0.52 per share in the fourth quarter of fiscal 2012 as summarized below.
Peter R. Chase, Chairman and Chief Executive Officer commented: “Of course the highlight of the fiscal year is the acquisition of NEPTCO, Inc. in late June. NEPTCO’s addition solidifies Chase as the premier supplier of tape products to wire and cable manufacturers in the Americas and broadens the Company’s offerings to the electronics industry world-wide. Our integration plan is providing the road map to deliver results from the synergies identified.