WESTWOOD, MA – Chase Corp. reported fiscal first quarter revenue of $72.5 million, up 17% year-over-year.

For the quarter ended Nov. 30, net income was $8.8 million, up 6% compared to the same period last year. Operating income was $12.3 million, down 6%.

Industrial materials accounted for $60.2 million in revenue, up 20.4% year-over-year. Chase is the parent company of Humiseal, the maker of conformal coatings.

“Revenue growth over the prior year resulted from ongoing organic growth through both increases in volume and price, along with the inorganic comparative boost from the Zappa Stewart superabsorbent polymers acquisition,” said Adam P. Chase, president and CEO.

“We had an increase in our lower-margin custom manufacturing services business during the quarter. This tolling work is performed for the purchaser of both our fiber optic cable components and our structural composites rod businesses. Heading into the second quarter, the purchaser has begun to take on more of the manufacturing themselves, and we anticipate less margin strain from this moving forward."

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