Chase Corporation Announces Nine Month and Third Quarter Fiscal 2002 Results.Business Editors Chase Corporation (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CCF CCF abbr. Cooperative Commonwealth Federation of Canada ) today reported revenues of $50,947,000 for the first nine months ended May 31, 2002 compared with $52,029,000 for the same period last year. Net Income for the nine months was $2,634,000 as compared to last year's net income of $4,074,000. Third quarter fiscal 2002 revenues were $18,539,000 with net income of $1,157,000 versus revenues of $17,194,000 and net income of $1,450,000 for the like period last year. During the past several months our business strategies have been tested. The economic struggle of several companies in industries that we serve has required management to find successful formulas for profitability during this difficult period. While results at Chase this year as compared to last year are not as strong, each quarter during the year we have continued to achieve both revenue and profitability improvement. The Company anticipates continued improvement during our last quarter of fiscal 2002 and solid improvement during fiscal 2003. The Company continues to look for opportunities to improve shareholder value through new products and acquisitions.
CHASE CORPORATION
Periods ended May 31
For the nine Months Ended For the Three Months Ended
2002 2001 2002 2001
Revenues $50,947,000 $52,029,000 $18,539,000 $17,194,000
Net Income 2,634,000 4,074,000 1,157,000 1,450,000
Income per share of Common stock:
Basic $ 0.65 $ 1.02 $ 0.29 $ 0.36
Fully Diluted $ 0.64 $ 1.00 $ 0.28 $ 0.36
Average Shares Outstanding
Basic 4,038,000 3,996,000 4,047,006 4,002,000
Diluted 4,136,000 4,057,000 4,413,000 4,064,000
Certain statements in this press release are forward-looking. These may be identified by the use of forward-looking words or phrases such as "believe"; "expect"; "anticipate"; "should"; "planned"; "estimated" and "potential" among others. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are based on Chase Corporation's current expectations. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for such forward-looking statements. Chase Corporation is a diversified, advanced manufacturing company providing a wide-variety of high quality products and services to the specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. , converting and electronic manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation . The Company's stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (ASE:CCF). |
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