| CHASE CORPORATION |
| 26 Summer Street |
| Bridgewater, MA 02324 |
| TEL:(508)279-1789 - FAX: (508)697-6419 |
| ASE:CCF |
CHASE CORPORATION
FOR IMMEDIATE RELEASE
CHASE CORPORATION ANNOUNCES INCREASED REVENUE AND EARNINGS FOR THE NINE-MONTH AND THIRD QUARTER FISCAL 2003 RESULTS. REVENUES AND NET INCOME FOR THE NINE MONTHS HAVE INCREASED 5% AND 29%
Bridgewater, MA - June 20, 2003 - Chase Corporation (ASE: CCF) today reported revenues of $53,401,000 for the first nine months ended May 31, 2003 compared with $50,946,000 for the same period last year. Net Income for the nine months was $3,408,000 as compared to last year's net income of $2,634,000. Third quarter fiscal 2003 revenues were $19,502,000 with net income of $1,243,000 versus revenues of $18,539,000 and net income of $1,157,000 for the like period last year.
CHASE CORPORATION
Periods ended May 31,
| For the Nine Months Ended | For the Three Months Ended | |||
| 2003 | 2002 | 2003 | 2002 | |
| Revenues | $53,401,000 | $50,946,000 | $19,502,000 | $18,539,000 |
| Net Income | 3,408,000 | 2,634,000 | 1,243,000 | 1,157,000 |
| Income per share of Common Stock: | ||||
| Basic | $0.84 | $0.65 | $0.31 | $0.29 |
| Fully Diluted | $0.82 | $0.64 | $0.30 | $0.28 |
| Average Shares Outstanding | ||||
| Basic | 4,047,000 | 4,038,000 | 4,047,000 | 4,047,000 |
| Diluted | 4,159,000 | 4,136,000 | 4,159,000 | 4,143,000 |
Certain statements in this press release are forward-looking. These may be identified by the use of forward-looking words or phrases such as "believe"; "expect"; "anticipate"; "should"; "planned"; "estimated" and "potential" among others. These forward-looking statements are based on Chase Corporation's current expectations. The Private Securities Litigation Reform Act of 1995 provides "safe harbor" for such forward-looking statements.
Chase Corporation is a diversified, advanced manufacturing company providing a wide-variety of high quality products and services to the specialty chemical, converting and electronic manufacturing industries. The Company's stock is traded on the American Stock Exchange (ASE: CCF).
For further information contact Paula Myers - Shareholder and Investor Relations Department (508) 279-1789 Ext 219