CHASE CORP
chasecorp.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2023 10-K, filed Nov 9, 2023. Its latest SEC filing is a 15-12G from Nov 27, 2023.
10-K for FY2023, filed Nov 9, 2023
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells coatings and adhesives, specialty tapes, and waterproofing materials to electronics manufacturers, wire and cable companies, and infrastructure and construction customers.
10-K for FY2023, filed Nov 9, 2023The Adhesives, Sealants and Additives segment offers innovative and specialized product offerings consisting of both end-use products and…View ↗
The Industrial Tapes segment features wire and cable materials, specialty tapes and other laminated and coated products. The segment…View ↗
The Corrosion Protection and Waterproofing segment is principally composed of project-oriented product offerings that are primarily sold…View ↗
Our principal products are specialty tapes, laminates, adhesives, sealants, coatings and chemical intermediates which are sold by our…View ↗
How Did They Make Money?
Customers buy manufactured specialty chemical products, with revenue generally tied to shipment or receipt and, for some customer-owned-material products, to manufacturing in progress. The company also earns royalties and commissions from licensed manufacturers and revenue from custom manufacturing services.
10-K for FY2023, filed Nov 9, 2023The Company accounts for revenue in accordance with ASC 606, “Revenue from Contracts with Customers. This revenue is generated from the…View ↗
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10-K for FY2023, filed Nov 9, 2023
FY2023 revenue by product or service ↗
$404M
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10-K for FY2023, filed Nov 9, 2023
$404M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales
Sold outright
|
99%
FY2020: 99%
|
Sales, FY2023
$400.9M Sources
|
Sold outright |
|
Royalties and commissions
Licensed
|
0.8%
FY2020: 1.3%
|
Royalties and commissions, FY2023
$3.1M Sources
|
Licensed |
Who Were Their Customers?
Electronics manufacturers, wire, cable and utility companies, and infrastructure and construction buyers purchase through the company’s salespeople, manufacturers’ representatives and distributors.
10-K for FY2023, filed Nov 9, 2023Our principal products are specialty tapes, laminates, adhesives, sealants, coatings and chemical intermediates which are sold by our…View ↗
moisture protective coatings and cleaning solutions, which are sold to the electronics industry for circuitry manufacturing, including…View ↗
insulating and conducting materials for the manufacture of electrical and telephone wire and cable, electrical splicing, and terminating…View ↗
CORROSION PROTECTION AND WATERPROOFING SEGMENT Primary Operating Key Products Locations Background/History…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2023 and turned 17 cents into free cash flow.
10-K for FY2023, filed Nov 9, 2023
$53.6MView ↗
10-K for FY2023, filed Nov 9, 2023
$33.2MView ↗
10-K for FY2023, filed Nov 9, 2023
$67MView ↗
How Were They Changing?
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Nov 15, 2023
KKR completed its acquisition of Chase
Chase common stock ceased trading and was delisted from NYSE American.
Sources
8-K, filed Nov 15, 2023
NEW YORK & WESTWOOD, MA – November 15, 2023 – Chase Corporation (“Chase” or the “Company”), a leading global manufacturer of protective…View ↗
Grew. Revenue grew 44% in 4 years, from $281.4M in FY2019 to $404M in FY2023, about 9% a year.
Specialty polymers
The Adhesives, Sealants and Additives range expanded to include highly differentiated polymers and polymerization technologies for personal care, polymer additives, coatings, consumer products and masterbatches, alongside its earlier adhesives, coatings, microspheres, dispersions and superabsorbent polymers.
10-K for FY2020, filed Nov 12, 2020 10-K for FY2023, filed Nov 9, 2023Our principal products are specialty tapes, laminates, adhesives, sealants, coatings and chemical intermediates which are sold by our…View ↗
advanced adhesives, sealants, and coatings for automotive and industrial applications that require specialized bonding, encapsulating…View ↗
polymeric microspheres utilized by various industries to allow for weight and density reduction and sound dampening;View ↗
polyurethane dispersions utilized for various coating products; andView ↗
superabsorbent polymers, which are utilized for water and liquid management, remediation and protection in diverse markets including wire…View ↗
highly differentiated polymers and polymerization technologies which are utilized in high-growth end markets such as personal care…View ↗
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