Chase Corporation Announces Six Month and Second Quarter Fiscal 2002 Results.Business/Technology Editors
BRIDGEWATER, Mass.--(BUSINESS WIRE)--April 3, 2002
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
Cooperative Commonwealth Federation of Canada ) today reported revenues of $32,407,000 for the first six months ended February 28, 2002 compared with $34,835,000 for the same period last year. Net Income for the six months was $1,477,000 as compared to last year's net income of $2,624,000. Second quarter fiscal 2001 revenues were $17,054,000 with net income of $811,000 versus revenues of $16,909,000 and net income of $1,123,000 for the like period last year.
Our 2001 Annual Report speaks of the strategy of building on core businesses while expanding into markets that offer high potential for return. Our success through diversity has been severely tested during fiscal 2001 and the first six months of fiscal 2002 and the results have been positive. The second quarter, while significantly better than our first quarter, still reflects the impact of the recession, especially in some of our key markets. The Company continues to expect a difficult and unpredictable business climate but recent successes and investments should provide continued revenue and profitability improvements during the second half of fiscal 2002 and into fiscal 2003. Our goal to create shareholder value through new products and acquisitions remains a priority.
CHASE CORPORATION 6 Month Period ended February 28 For the Six Months Ended For the Three Months Ended 2002 2001 2002 2001 Revenues $32,407,000 $34,835,000 $17,054,000 $16,909,000 Net Income 1,477,000 2,624,000 811,000 1,123,000 Income per share of common stock: Basic $0.37 $0.66 $0.20 $0.28 Fully Diluted $0.36 $0.65 $0.20 $0.28 Average Shares Outstanding Basic 4,033,000 3,992,000 4,047,000 3,996,000 Diluted 4,116,000 4,049,000 4,133,000 4,056,000
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).