This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Chase Corporation Announces Third Quarter Results Revenues Of $55.7 Million Earnings Per Share Of $0.56

Chase Corporation (NYSE MKT: CCF) today reported revenues of $55.7 million for the quarter ended May 31, 2013. This represents an increase of $20.6 million or 59% compared to $35.1 million in the same quarter of last fiscal year. The current quarter included revenues of $20.8 million from the Company’s June 2012 NEPTCO acquisition (of which $2.9 million related to the NEPTCO Joint Venture). Net income attributable to Chase Corporation of $5.13 million in the current quarter increased $1.76 million or 52% from $3.37 million in the prior year period. Earnings per diluted share of $0.56 in the third quarter of fiscal 2013 represented an increase of $0.19 compared to $0.37 per share in fiscal 2012. Included in the fiscal 2012 quarter results were charges totaling $1.0 million related to acquisition and defined benefit plan settlement costs.

For the nine months ended May 31, 2013, revenues increased $60.8 million or 63% to $157.5 million, compared to $96.7 million in the prior year period. The fiscal 2013 year to date period includes revenues of $58.0 million from the Company’s NEPTCO acquisition (of which $9.3 million related to the NEPTCO Joint Venture). Net income attributable to Chase Corporation increased $4.42 million or 64% to $11.32 million or $1.24 per share in the year to date period from $6.90 million or $0.76 per share in the same period in fiscal 2012. Included in the fiscal 2013 and 2012 year to date periods are charges totaling $1.79 million and $1.11 million, respectively, relating to the step up in fair value of inventory, acquisition and defined benefit plan settlement costs.

Peter R. Chase, Chairman and Chief Executive Officer, commented “Our third quarter performed well, as expected, with the continued progress of the NEPTCO acquisition integration. We are pleased with the contributions from this business and our familiarity with products and markets is making for a successful combination. The first steps have also been successfully completed to expand NEPTCO’s ERP system across all of Chase Corporation. While this is a lengthy project it is expected to save substantially compared to the costs of integrating a completely new system which was previously planned by the Company, prior to the NEPTCO acquisition.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,493.37 -69.93 -0.42%
S&P 500 1,925.15 -5.52 -0.29%
NASDAQ 4,352.6390 -17.1340 -0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs