Humiseal Parent Pours on the Profits PDF Print E-mail
Written by Mike Buetow   
Friday, 07 January 2011 11:29

BRIDGEWATER, MA -- Chase Corp., parent of Humiseal, reported November quarter net income rose 38% year-over-year to $2.93 million.

Net income from the prior year includes $274,000 from discontinued operations.

The company said fiscal first-quarter revenues rose 29% to $31.3 million for the quarter ended Nov. 30. The company said the Electronic Coatings unit, which includes Humiseal, a maker of conformal coatings, saw revenues rise during the period.

Chairman and chief executive Peter R. Chase said, "We had a robust first quarter and did exceptionally well in comparison to the same period in the previous year, when certain market segments were still suffering from the economic downturn. Our outlook for the balance of 2011 is positive, but growth rates should be more modest compared to what we have seen in recent quarters."

 

 

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