BRIDGEWATER, MA -- Chase Corp. reported May quarter revenues of $39.6 million, up 58% from last year. The company reported net income of $4.4 million, up 389% over the prior year. Sales of conformal coatings and the company's now-sold EMS unit contributed heavily to the record quarter.

For the nine months ended May 31, revenues increased 26% to $99.7 million, while net income was up 97% to $8.1 million.

Chairman and chief executive Peter R. Chase said, “Electronic coatings sales to all global markets led the charge during the quarter with Chase EMS also posting substantial gains. Our two recent acquisitions, C.I.M. and Serviwrap were also strong contributors. We continue to seek appropriate candidates for our M&A program while at the same time we are increasing investment in market and product development."

Chase's coatings segment, which includes Humiseal, had sales of $33.3 million, up from $21.2 million in the prior year.

Chase Electronic Manufacturing Services had revenues of $6.3 million, up from $3.9 million in the prior year. On June 30, the company sold the unit to MC Assembly in an all-cash transaction valued at $13 million.

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