Chase Corporation up 15% After Reporting Q3 Earnings

Chase Corporation

is trading higher on the session following its Q3 earnings announcement. The company reported an EPS of $0.37 vs $0.33 year ago and revenues of $35.1 million vs $32.6 million year ago. Peter R. Chase, Chairman and Chief Executive Officer stated: "We are pleased with the improved results. Both reporting segments contributed with strong business team efforts which overcame some significant expenses in support of M&A and plant operations transition. Consolidation is on schedule with Oxford and Pittsburgh operations completing customer qualifications for locally produced products to replace those currently made in Randolph. The Winnersh, UK plant is increasing its effectiveness with strong support from the U.S. operations team. Our coordinated marketing and R&D programs are progressing toward the goal of a continuing flow of new products and applications." Chase Corporation is currently trading at $15.15, a gain of $ 2.00 or 15.21%.