Exhibit 99.1
Chase Corporation
26 Summer Street, Bridgewater, MA 02324
TEL: (508) 279-1789 – FAX: (508) 697-6419
www.chasecorp.com
Amex: CCF
FOR IMMEDIATE RELEASE
Bridgewater, MA – October 09, 2003 – Chase Corporation (ASE: CCF) today reported revenues of $74,566,000 for the fiscal year ended August 31, 2003 compared with $69,348,000 for the same period last year. Net Income for the fiscal year was $5,258,000 as compared to last year’s net income of $4,463,000. Earnings per share on a diluted basis was $1.26 as compared to $1.08 last year. Fourth quarter fiscal 2003 revenues were $21,165,000 with net income of $1,850,000 versus revenues of $18,402,000 and net income of $1,829,000 for the like period last year.
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| For the Twelve Months Ended |
| For the Three Months Ended |
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| August 31, |
| August 31, |
| August 31, |
| August 31, |
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Revenues |
| $ | 74,566,000 |
| $ | 69,348,000 |
| $ | 21,165,000 |
| $ | 18,402,000 |
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Net Income |
| $ | 5,258,000 |
| $ | 4,463,000 |
| $ | 1,850,000 |
| $ | 1,829,000 |
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Earnings per share: |
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Net Income |
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Basic |
| $ | 1.30 |
| $ | 1.10 |
| $ | 0.46 |
| $ | 0.45 |
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Diluted |
| $ | 1.26 |
| $ | 1.08 |
| $ | 0.44 |
| $ | 0.44 |
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Average Shares Outstanding |
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Basic |
| 4,047,000 |
| 4,040,000 |
| 4,047,000 |
| 4,047,000 |
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Diluted |
| 4,162,000 |
| 4,142,000 |
| 4,199,000 |
| 4,141,000 |
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The Company also announced a cash dividend of $0.31 per share to shareholders of record on October 31, 2003 payable on December 3, 2003.
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.
