Chase Corp (CCF, Financial) filed Annual Report for the period ended 2011-08-31.
Chase Corp. has a market cap of $117.7 million; its shares were traded at around $13.13 with a P/E ratio of 10.85 and P/S ratio of 0.96. The dividend yield of Chase Corp. stocks is 2.67%. Chase Corp. had an annual average earning growth of 9% over the past 10 years.
Total revenues in fiscal 2010 increased $27,507,000 or 30% to $118,743,000 from $91,236,000 in fiscal 2009. Revenues in our Industrial Materials segment increased $3,967,000 or 7% to $64,645,000 for the year ended August 31, 2010 compared to $60,678,000 in fiscal 2009. The increase in revenues from our Industrial Materials segment in fiscal 2010 was primarily due to increased sales of $6,672,000 in the electronic coatings product line from both the worldwide automotive sector and protective products used in domestic infrastructure applications. This increase was partially offset by decreased sales of $2,947,000 from our custom products product lines primarily due to decreased demand in the transportation market. Revenues from our Construction Materials segment increased $23,540,000 or 77% to $54,098,000 for the year ended August 31, 2010 compared to $30,558,000 for fiscal 2009. The increase in revenues from our Construction Materials segment in fiscal 2010 was primarily due to increased sales of: (a) $12,354,000 from CIM which we acquired in September 2009; (b) $4,991,000 from ServiWrap which was acquired in December 2009; (c) $3,354,000 from our pipeline and construction product lines; and (d) $2,793,000 from our private label products due to increased demand for these products.
In fiscal 2010, cost of products and services sold increased $12,567,000 or 20% to $74,828,000 compared to $62,261,000 in the prior fiscal year. As a percentage of revenues, cost of products and services sold decreased to 63% in fiscal 2010 compared to 68% for fiscal 2009. Cost of products and services sold in our Industrial Materials segment were $39,340,000 for the fiscal year ended August 31, 2010 compared to $40,162,000 in fiscal 2009. The percentage of revenues decrease in the cost of products and services sold for the Industrial Materials segment was primarily due to increased sales of higher margin products, management's ability to leverage its fixed overhead costs on a higher revenue base, and the favorable impact of ongoing cost reduction efforts. Cost
Consolidated net income in fiscal 2011 decreased $1,585,000 or 13% to $10,931,000 compared to $12,516,000 in fiscal 2010. Income from continuing operations increased $205,000 or 2% to $10,931,000 for the year ended August 31, 2011 compared to $10,726,000 in fiscal 2010. The increase in net income from continuing operations in fiscal 2011 was a result of increased revenues offset by increased raw material costs. Income from discontinued operations of $1,790,000 for the year ended August 31, 2010 was from our Chase EMS business which was sold in June 2010.
Consolidated net income in fiscal 2010 increased $6,131,000 or 96% to $12,516,000 compared to $6,385,000 in fiscal 2009. Income from continuing operations increased $5,411,000 or 102% to $10,726,000 for the year ended August 31, 2010 compared to $5,315,000 in fiscal 2009. The increase in net income from continuing operations in fiscal 2010 was a result of the revenue growth discussed previously. Income from discontinued operations increased $720,000 or 67% to $1,790,000 for the year ended August 31, 2010 compared to $1,070,000 in fiscal 2009. The increase in income from discontinued operations in fiscal 2010 was primarily a result of the $429,000 gain on the sale of the Chase EMS business as well as the overall growth in sales in fiscal 2010.
Read the The complete Report
Chase Corp. has a market cap of $117.7 million; its shares were traded at around $13.13 with a P/E ratio of 10.85 and P/S ratio of 0.96. The dividend yield of Chase Corp. stocks is 2.67%. Chase Corp. had an annual average earning growth of 9% over the past 10 years.
Highlight of Business Operations:
Total revenues in fiscal 2011 increased $4,297,000 or 4% to $123,040,000 from $118,743,000 in the prior year. Revenues in our Industrial Materials segment increased $11,099,000 or 17% to $75,744,000 for the year ended August 31, 2011 compared to $64,645,000 in fiscal 2010. The increase in revenues from our Industrial Materials segment in fiscal 2011 was primarily due to increased sales of: (a) $6,967,000 from our wire & cable product line as we benefitted from increased demand in the electrical cable market; (b) $2,219,000 in the electronic coatings product line, primarily due to increased demand in the industrial controls and automotive markets; and (c) $1,793,000 from our custom products product lines.Total revenues in fiscal 2010 increased $27,507,000 or 30% to $118,743,000 from $91,236,000 in fiscal 2009. Revenues in our Industrial Materials segment increased $3,967,000 or 7% to $64,645,000 for the year ended August 31, 2010 compared to $60,678,000 in fiscal 2009. The increase in revenues from our Industrial Materials segment in fiscal 2010 was primarily due to increased sales of $6,672,000 in the electronic coatings product line from both the worldwide automotive sector and protective products used in domestic infrastructure applications. This increase was partially offset by decreased sales of $2,947,000 from our custom products product lines primarily due to decreased demand in the transportation market. Revenues from our Construction Materials segment increased $23,540,000 or 77% to $54,098,000 for the year ended August 31, 2010 compared to $30,558,000 for fiscal 2009. The increase in revenues from our Construction Materials segment in fiscal 2010 was primarily due to increased sales of: (a) $12,354,000 from CIM which we acquired in September 2009; (b) $4,991,000 from ServiWrap which was acquired in December 2009; (c) $3,354,000 from our pipeline and construction product lines; and (d) $2,793,000 from our private label products due to increased demand for these products.
In fiscal 2010, cost of products and services sold increased $12,567,000 or 20% to $74,828,000 compared to $62,261,000 in the prior fiscal year. As a percentage of revenues, cost of products and services sold decreased to 63% in fiscal 2010 compared to 68% for fiscal 2009. Cost of products and services sold in our Industrial Materials segment were $39,340,000 for the fiscal year ended August 31, 2010 compared to $40,162,000 in fiscal 2009. The percentage of revenues decrease in the cost of products and services sold for the Industrial Materials segment was primarily due to increased sales of higher margin products, management's ability to leverage its fixed overhead costs on a higher revenue base, and the favorable impact of ongoing cost reduction efforts. Cost
Consolidated net income in fiscal 2011 decreased $1,585,000 or 13% to $10,931,000 compared to $12,516,000 in fiscal 2010. Income from continuing operations increased $205,000 or 2% to $10,931,000 for the year ended August 31, 2011 compared to $10,726,000 in fiscal 2010. The increase in net income from continuing operations in fiscal 2011 was a result of increased revenues offset by increased raw material costs. Income from discontinued operations of $1,790,000 for the year ended August 31, 2010 was from our Chase EMS business which was sold in June 2010.
Consolidated net income in fiscal 2010 increased $6,131,000 or 96% to $12,516,000 compared to $6,385,000 in fiscal 2009. Income from continuing operations increased $5,411,000 or 102% to $10,726,000 for the year ended August 31, 2010 compared to $5,315,000 in fiscal 2009. The increase in net income from continuing operations in fiscal 2010 was a result of the revenue growth discussed previously. Income from discontinued operations increased $720,000 or 67% to $1,790,000 for the year ended August 31, 2010 compared to $1,070,000 in fiscal 2009. The increase in income from discontinued operations in fiscal 2010 was primarily a result of the $429,000 gain on the sale of the Chase EMS business as well as the overall growth in sales in fiscal 2010.
Read the The complete Report
