Chase Corporation - CCF STOCK NEWS

An affiliate of SK Capital Partners has agreed to sell NuCera Solutions to Chase Corporation (NYSE American: CCF) for $250 million. NuCera, a leader in specialty polymers, was carved out from Baker Hughes and offers around 120 unique polymer products. The acquisition aims to bolster Chase's growth strategy by enhancing its competitive positioning and expanding its manufacturing capabilities. The transaction awaits customary closing conditions and regulatory approvals. Chase's CEO expresses enthusiasm for the cultural and strategic fit with NuCera.

Chase Corporation (CCF) announced a transformative acquisition of NuCera Solutions for $250 million. This strategic move is set to enhance Chase's portfolio in specialty polymers and polymerization technologies, expanding their market reach and customer base. NuCera, recognized for its innovative products, reported $83 million in revenue with over 25% Adjusted EBITDA margins for the last 12 months. The acquisition is expected to close by Q3 2022 and aims to be accretive to earnings within the first year.

Chase Corporation (CCF) reported Q3 FY22 financial results with an 11% revenue increase to $88.6 million and a 9% rise in net income to $15.5 million compared to Q3 FY21. The gross margin improved to 38.6% despite ongoing inflationary pressures. EBITDA stood at $23.2 million, while free cash flow decreased to $13 million. The company maintains a strong balance sheet with $124.7 million in cash and a $200 million revolving credit facility, despite ongoing labor shortages and supply chain issues. Operational consolidation progresses, supporting future efficiency.

Chase Corporation (NYSE American: CCF) reported an 8% revenue increase to $74.0 million for Q2 FY22, with net income at $9.1 million ($0.96 per diluted share). However, gross margins fell to 37% from 40% due to increased input costs. EBITDA dropped to $16.4 million from $17.0 million year-on-year. Free cash flow was significantly lower at $1.6 million, down from $11.9 million. The company has completed its corporate headquarters relocation, expecting future cost savings. Despite operational challenges, the outlook remains cautiously optimistic.

Chase Corporation (CCF) reported a 12% revenue increase to $75 million for Q1 FY22, supported by strong demand across various segments despite inflationary pressures. Gross margin fell to 37%, influenced by increased material and labor costs along with an unfavorable sales mix. Net income declined to $9.7 million ($1.02 per share). Free cash flow dropped to $5.4 million, impacted by inventory buildup. The company is relocating its corporate headquarters to enhance efficiency and reduce costs. It remains debt-free, with a cash balance of $124.2 million and a $200 million credit facility.

Chase Corporation (NYSE American: CCF) reported a strong financial performance for Q4 FY21, with revenue rising by 22% to $78.1 million and earnings per diluted share up 18% to $1.12. The company declared a 25% dividend increase to $1.00 per share. Full-year revenue was $293.3 million, marking a 12% increase year-over-year. Despite facing challenges from raw material costs and supply chain disruptions, Chase achieved gross margins of 40%. The company’s cash balance stood at $119.4 million, supported by an amended credit facility to enhance borrowing capacity.

Chase Corporation (CCF) has entered a new credit agreement with Bank of America and other banks, amending and extending its previous facility. The new credit facility increases borrowing capacity to $200 million from $150 million and allows an additional $100 million increase. This facility supports acquisitions, working capital, and capital expenditures. The agreement features a five-year term with interest based on LIBOR rates, ensuring ample liquidity for growth strategies and operational needs.

Chase Corporation (NYSE American: CCF) reported a strong fiscal third quarter 2021, with total revenue reaching $79.6 million, a 23% increase year-over-year. The gross margin improved to 42%, while net income surged 44% to $14.3 million. Adjusted EBITDA rose 40% to $22.4 million. Notably, the Adhesives, Sealants, and Additives segment excelled, fueled by international market momentum and integrations from recent acquisitions. Despite facing raw material inflation and supply chain challenges, the company ended the quarter with a strong cash balance of $102.9 million.

Chase Corporation (NYSE American: CCF) reported its fiscal 2021 second-quarter results with total revenue of $68.4 million, a 4% increase year-over-year. Gross margin improved to 40% from 38%, while net income rose 16% to $9.2 million, translating to $0.97 per diluted share. Adjusted EBITDA reached $18.0 million, up 20%. Free cash flow also grew by 30% to $11.9 million. The company acquired Emerging Technologies, Inc. for $10 million, enhancing its product offerings amid recovery in demand from Asian and European markets.