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Private company

CHASE CORP

CHASE CORP is an American electric lighting and wiring equipment company.1 It is headquartered in Westwood, Massachusetts.1

Last updated Oct 21, 2026.

Overview

$404.0MRevenue, fiscal 20232
$33.2MNet income, fiscal 20232
  • IndustryElectric Lighting & Wiring Equipment1
  • HeadquartersWestwood, Massachusetts1
  • Incorporated inMA3
  • Business address375 University Ave, Westwood, Ma 020903
  • Filer categoryAccelerated filer3

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The Company has used non-GAAP financial measures in Part III in this Form 10-K. EBITDA, Adjusted EBITDA and Adjusted EBITDAX are non-GAAP financial measures. The Company believes that EBITDA, Adjusted EBITDA and Adjusted EBITDAX are useful performance measures as they are used by its executive management team to measure operating performance, to allocate resources to enhance the financial performance of its business, to evaluate the effectiveness of its business strategies and to communicate with its board of directors and investors concerning its financial performance. The Company believes EBITDA, Adjusted EBITDA and Adjusted EBITDAX are commonly used by financial analysts and others in the industries in which the Company operates, and thus provide useful information to investors. However, Chase’s calculation of EBITDA, Adjusted EBITDA and Adjusted EBITDAX may not be comparable to simil…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

13.3%Operating margin2
8.2%Net margin2
24.1%Revenue growth, 20232
8.1%Return on equity2
0.26×Debt to equity2
$67.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue64¢$258.6M
  • Research and development1¢$6.0M
  • Selling, general and admin19¢$77.1M
  • Other costs3¢$10.1M
  • Interest2¢$9.0M
  • Income tax2¢$10.0M
  • Profit8¢$33.2M

Out of $404.0M in revenue.2

Where each dollar of operating cash went, fiscal 2023

  • Capital spending10¢$7.3M
  • Dividends paid13¢$9.5M
  • Kept or used elsewhere77¢$57.5M

Out of $74.3M of cash from operations.2

Financial statements

Revenue6789102$404.0M in 2023+70% since 2016
0$200.0M$400.0M$600.0M2016: $238.1M$238.1M20162017: $252.6M$252.6M2017+6%2018: $284.2M$284.2M2018+13%2019: $281.4M$281.4M2019−1%2020: $261.2M$261.2M2020−7%2021: $293.3M$293.3M2021+12%2022: $325.7M$325.7M2022+11%2023: $404.0M$404.0M2023+24%
Gross profit78$96.1M in 2020−7% since 2018
0$50.0M$100.0M$150.0M2018: $103.8M$103.8M20182019: $96.7M$96.7M2019−7%2020: $96.1M$96.1M2020−1%
Operating income6789102$53.6M in 2023+12% since 2016
0$20.0M$40.0M$60.0M2016: $47.8M$47.8M20162017: $59.2M$59.2M2017+24%2018: $55.7M$55.7M2018−6%2019: $45.1M$45.1M2019−19%2020: $47.2M$47.2M2020+5%2021: $59.7M$59.7M2021+26%2022: $58.8M$58.8M2022−1%2023: $53.6M$53.6M2023−9%
Net income6789102$33.2M in 2023+1% since 2016
0$20.0M$40.0M$60.0M2016: $32.8M$32.8M20162017: $42.0M$42.0M2017+28%2018: $43.1M$43.1M2018+3%2019: $32.7M$32.7M2019−24%2020: $34.2M$34.2M2020+4%2021: $44.9M$44.9M2021+32%2022: $44.7M$44.7M2022−1%2023: $33.2M$33.2M2023−26%
Fiscal year20162017201820192020202120222023
Revenue$238.1M6$252.6M7$284.2M8$281.4M9$261.2M10$293.3M2$325.7M2$404.0M2
Cost of revenue$144.4M6$146.0M7$175.1M8$180.2M9$161.6M10$174.7M2$202.7M2$258.6M2
Gross profit$103.8M7$96.7M8$96.1M8
Research and development$2.8M6$3.7M7$3.9M8$4.0M9$4.0M10$4.1M2$4.4M2$6.0M2
Selling, general and admin$44.6M6$46.7M7$47.7M8$48.7M9$49.4M10$52.1M2$54.4M2$77.1M2
Operating income$47.8M6$59.2M7$55.7M8$45.1M9$47.2M10$59.7M2$58.8M2$53.6M2
Interest$1.1M6$839.0K7$1.2M8$519.0K9$246.0K10$297.0K2$425.0K2$9.0M2
Income before tax$58.6M2$43.2M2
Income tax$17.3M6$18.9M7$13.8M8$10.8M9$11.2M10$13.7M2$13.9M2$10.0M2
Net income$32.8M6$42.0M7$43.1M8$32.7M9$34.2M10$44.9M2$44.7M2$33.2M2
Earnings per share$3.556$4.497$4.608$3.489$3.6210$4.752$4.722$3.492
Earnings per share (diluted)$3.506$4.447$4.568$3.469$3.5910$4.732$4.702$3.482
Shares (weighted, basic)9.4M shares29.4M shares2
Shares (weighted, diluted)9.4M shares29.5M shares2

Compare CHASE CORP with another company

Corporate structure

CHASE CORP sits at the top of its group. 16 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CHASE CORP

  • GLAZER CAPITAL, LLC Filed SC 13G/A on CHASE CORP, latest Nov 22, 2023 (2 filings since Aug 31, 2023)
  • FMR LLC Filed SC 13G/A on CHASE CORP, latest Sep 11, 2023 (3 filings since Feb 9, 2022)
  • Neuberger Berman Filed SC 13G/A on CHASE CORP, latest Sep 8, 2023 (3 filings since Feb 11, 2022)
  • Edward L. Chase Revocable Trust Filed SC 13D on CHASE CORP, latest Aug 2, 2023
  • Peter R. Chase Filed SC 13D/A on CHASE CORP, latest Jul 26, 2023
  • BlackRock Filed SC 13G/A on CHASE CORP, latest Feb 1, 2023 (2 filings since Feb 1, 2022)
  • CHASE CORP Westwood, Massachusetts
    • Capital Services of New York, Inc. Subsidiary · New York, United States
    • Chase & Sons Limited Subsidiary · United Kingdom
    • Chase Protective Coatings Limited Subsidiary · United Kingdom
    • HumiSeal Europe Limited Subsidiary · United Kingdom
    • HumiSeal India Private Limited Subsidiary · India
    • NEPTCO Holdings, Inc. Subsidiary · Delaware, United States
    • NEPTCO Incorporated Subsidiary · Rhode Island, United States
    • NEPTCO JV LLC (wholly owned) Subsidiary · Delaware, United States
    • NuCera Holdings Inc. Subsidiary · Delaware, United States
    • NuCera Intermediate Holdings LLC Subsidiary · Delaware, United States
    • NuCera Solutions France, SARL Subsidiary · France
    • NuCera Solutions Holdco LP Subsidiary · Delaware, United States
    • NuCera Solutions LLC Subsidiary · Delaware, United States
    • Stewart SA, Inc. Subsidiary · North Carolina, United States
    • Stewart Superabsorbents, LLC Subsidiary · North Carolina, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CHASE CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$122.1M2 May 31, 2023$76.8M2 May 31, 2022+59.1%
Accumulated depreciation$61.7M2 Aug 31, 2023$52.5M2 Aug 31, 2022+17.5%
Property and equipment, net$60.5M2 Aug 31, 2023$24.2M2 Aug 31, 2022+149.4%
Operating-lease assets (leased space)$7.0M2 Aug 31, 2023$8.6M2 Aug 31, 2022−18.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$49.0M2 Aug 31, 2023$315.5M2 Aug 31, 2022−84.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$178.2M2 Aug 31, 2023$95.2M2 Aug 31, 2022+87.3%
Intangible assets, net (excluding goodwill)$159.3M2 Aug 31, 2023$33.7M2 Aug 31, 2022+373.1%
Finite-lived intangibles, gross$285.2M2 Aug 31, 2023$134.9M2 Aug 31, 2022+111.4%
Accumulated amortization$125.9M2 Aug 31, 2023$101.2M2 Aug 31, 2022+24.4%
Finite-lived intangibles, net$159.3M2 Aug 31, 2023$33.7M2 Aug 31, 2022+373.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$69.6M2 Aug 31, 2023$63.0M2 Aug 31, 2022+10.4%
Raw materials$33.6M2 Aug 31, 2023$37.9M2 Aug 31, 2022−11.4%
Work in process$9.8M2 Aug 31, 2023$9.6M2 Aug 31, 2022+2.3%
Finished goods$26.2M2 Aug 31, 2023$15.6M2 Aug 31, 2022+68.4%

Leadership

Who has led CHASE CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Peter R. Chase2006–2015
  2. Adam Chase2015–2023

Chair

  1. Peter R. Chase2007–2023

President

  1. Peter R. Chase2006–2008
  2. Adam Chase2008–2023

Chief financial officer

  1. Everett Chadwick2006
  2. Kenneth L. Dumas2007–2014
  3. Kenneth James Feroldi2014–2018
  4. Christian John Talma2019–2021
  5. Michael J. Bourque2021–2023

Chief operating officer

  1. Adam Chase2007–2014
2010201520202025
Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Capital Services of New York, Inc. New York4
  • Chase & Sons Limited United Kingdom4
  • Chase Protective Coatings Limited United Kingdom4
  • HumiSeal Europe Limited United Kingdom4
  • HumiSeal Europe SARL France4
  • HumiSeal India Private Limited India4
  • NEPTCO Holdings, Inc. Delaware4
  • NEPTCO Incorporated Rhode Island4
  • NEPTCO JV LLC (wholly owned) Delaware4
  • NuCera Holdings Inc. Delaware4
  • NuCera Intermediate Holdings LLC Delaware4
  • NuCera Solutions France, SARL France4
  • NuCera Solutions Holdco LP Delaware4
  • NuCera Solutions LLC Delaware4
  • NuCera Solutions Pte Ltd. Singapore4
  • Stewart SA, Inc. North Carolina4
  • Stewart Superabsorbents, LLC North Carolina4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Nov 15, 20238-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale43
  2. Oct 6, 20238-K Shareholder vote; Other events44
  3. Sep 29, 20238-K Other events45
  4. Sep 8, 20238-K Other events46
  5. Jul 24, 20238-K Entered a material agreement; Bylaws or fiscal year changed; Other events47
  6. Jul 6, 20238-K Results of operations48
  7. May 18, 20238-K Regulation FD disclosure49
  8. Apr 6, 20238-K Results of operations50
  9. Feb 17, 20238-K Regulation FD disclosure51
  10. Feb 9, 20238-K Shareholder vote52
  11. Jan 5, 20238-K Results of operations53
  12. Nov 21, 20228-K Regulation FD disclosure54
  13. Feb 13, 2015New chief executive Adam Chase becomes CEO16
  14. May 3, 2006New chief executive Peter R. Chase becomes CEO17

Calendar

When it reported results

  1. Jul 6, 2023Reported quarterly or annual results48
  2. Apr 6, 2023Reported quarterly or annual results50
  3. Jan 5, 2023Reported quarterly or annual results53
  4. Nov 10, 2022Reported quarterly or annual results55
  5. Jul 11, 2022Reported quarterly or annual results56
  6. Apr 7, 2022Reported quarterly or annual results57
  7. Jan 6, 2022Reported quarterly or annual results58
  8. Nov 15, 2021Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

140 filings to the SEC since October 2021: 3 annual reports, 6 quarterly reports, 27 major events, 66 insider forms, 12 large holders, 26 other. The latest 20:

  1. Nov 27, 202315-12G EDGAR
  2. Nov 22, 2023SC 13G/A EDGAR
  3. Nov 16, 2023EFFECT EDGAR
  4. Nov 15, 202325-NSE EDGAR
  5. Nov 15, 2023S-8 POS EDGAR
  6. Nov 15, 2023S-8 POS EDGAR
  7. Nov 15, 2023S-8 POS EDGAR
  8. Nov 15, 2023S-8 POS EDGAR
  9. Nov 15, 2023POS AM EDGAR
  10. Nov 15, 20238-K EDGAR
  11. Nov 15, 20234 EDGAR
  12. Nov 15, 20234 EDGAR
  13. Nov 15, 20234 EDGAR
  14. Nov 15, 20234 EDGAR
  15. Nov 15, 20234 EDGAR
  16. Nov 15, 20234 EDGAR
  17. Nov 15, 20234 EDGAR
  18. Nov 15, 20234 EDGAR
  19. Nov 15, 20234 EDGAR
  20. Nov 15, 20234 EDGAR

The 140 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 0 buys and 16 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 6, 2023CHASE ADAMPresident/CEOSale1,500$116.89$175.3KForm 4
Jun 5, 2023CHASE ADAMPresident/CEOSale1,500$125.65$188.5KForm 4
May 8, 2023CHASE ADAMPresident/CEOSale1,500$109.63$164.4KForm 4
Apr 3, 2023CHASE ADAMPresident/CEOSale1,500$103.85$155.8KForm 4
Mar 6, 2023CHASE ADAMPresident/CEOSale1,500$98.00$147.0KForm 4
Feb 6, 2023CHASE ADAMPresident/CEOSale1,500$95.85$143.8KForm 4
Jan 9, 2023CHASE ADAMPresident/CEOSale1,500$90.42$135.6KForm 4
Aug 15, 2022WROE THOMAS JRDirectorSale1,200$95.75$114.9KForm 4
Jul 20, 2022CHASE ADAMPresident/CEOSale3,000$90.25$270.8KForm 4
Apr 21, 2022CHASE ADAMPresident/CEOSale1,000$90.00$90.0KForm 4
Mar 1, 2022CHASE ADAMPresident/CEOSale1,000$90.07$90.1KForm 4
Feb 1, 2022CHASE ADAMPresident/CEOSale1,000$94.10$94.1KForm 4
Jan 3, 2022CHASE ADAMPresident/CEOSale1,000$100.06$100.1KForm 4
Dec 1, 2021CHASE ADAMPresident/CEOSale1,000$98.09$98.1KForm 4
Nov 1, 2021CHASE ADAMPresident/CEOSale1,000$95.17$95.2KForm 4
Oct 4, 2021CHASE ADAMPresident/CEOSale1,000$101.54$101.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How CHASE CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCHASE CORP1
  • CIK0000830524
  • Employer ID (EIN)11-17971261
  • Filer statusAccelerated filer1
  • Incorporated inMassachusetts1
  • Fiscal year endsAugust 311
  • Industry code (SIC)3640 Electric Lighting & Wiring Equipment1
  • Business address375 University Ave, Westwood, MA 020901
  • Phone78133207001
  • Shares outstanding9,522,749 as of Oct 31, 20232
  • Public float$542.8M as of Feb 28, 20232
  • On EDGAR sinceJul 13, 19951
  • Filings1,412 in all: 4 (864), 8-K (194), 10-Q (85), SC 13G/A (58), 10-K (29), DEF 14A (28), 3 (22), 4/A (19)1
    All 36 form types

    8-K/A (13), SC 13G (12), UPLOAD (11), DEFA14A (10), SD (10), 10-Q/A (9), CORRESP (6), 10-K/A (5), ARS (5), 3/A (4), S-8 POS (4), S-8 (3), SC 13D/A (3), 8-A12B/A (2), PRE 14A (2), SC 13D (2), 144 (1), 15-12G (1), 25-NSE (1), 5 (1), 8-A12B (1), DEFM14A (1), DEFR14A (1), EFFECT (1), NT 10-K (1), POS AM (1), PREM14A (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Nov 9, 2023
    Quarterly report (10-Q) Jul 6, 2023
    Proxy statement (DEF 14A) Dec 22, 2022
    Latest 8-K (8-K) Nov 15, 2023

Sources

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