Chase Corporation Reports a 7% Revenue Growth and a 18% Increase in Earnings for Fiscal Year 2003 along with a Dividend Increase to $0.31 Per Share.Business Editors BRIDGEWATER, Mass.--(BUSINESS WIRE)--Oct. 9, 2003 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 $74,566,000 for the fiscal year ended August 31, 2003 compared with $69,348,000 for the same period last year. Net Income for the fiscal year was $5,258,000 as compared to last year's net income of $4,463,000. Earnings per share on a diluted basis was $1.26 as compared to $1.08 last year. Fourth quarter fiscal 2003 revenues were $21,165,000 with net income of $1,850,000 versus revenues of $18,402,000 and net income of $1,829,000 for the like period last year.
For the For the
Twelve Months Ended Three Months Ended
Aug. 31, Aug. 31, Aug. 31, Aug. 31,
2003 2002 2003 2002
Revenues $74,566,000 $69,348,000 $21,165,000 $18,402,000
Net Income $5,258,000 $4,463,000 $1,850,000 $1,829,000
Earnings
Per Share:
Net Income
Basic $1.30 $1.10 $0.46 $0.45
Diluted $1.26 $1.08 $0.44 $0.44
Average Shares
Outstanding
Basic 4,047,000 4,040,000 4,047,000 4,047,000
Diluted 4,162,000 4,142,000 4,199,000 4,141,000
The Company also announced a cash dividend of $0.31 per share to shareholders of record on October 31, 2003 payable on December 3, 2003. 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 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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