Chase Corporation (AMEX:CCF) reported revenue of $127.5 million for the fiscal year ended August 31, 2007. The newly reported revenue represents an 18% increase over revenues that totaled $108.4 million during the previous fiscal year. Additionally, net income for the fiscal year increased 67% to $10.2 million, or $1.22 per diluted share, compared to $6.1 million, or $0.77 per diluted share, in the previous year.
Fourth quarter fiscal 2007 revenues were $34.2 million, or a 9% increase over revenues of $31.2 million in the same period last year. Net income in the fourth quarter was $3.4 million, or $0.40 per diluted share, compared to $2.8 million, or $0.35 per diluted share, in the prior year period.
Peter R. Chase, Chairman and Chief Executive Officer, commented, “The Company has had an exceptional year. Several high value projects came to fruition after years of effort, as well as the contribution of steady organic growth from our major brands. I am grateful for the extraordinary contributions of our entire team. Our associates at all levels put forth a substantial effort to make the year successful. We have raised the bar and face a considerable challenge to improve results in the new fiscal year. I am confident that we will do our best to continue to grow.”
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