Chase Corporation (CCF) has reported a 20.24 percent rise in profit for the quarter ended Feb. 28, 2017. The company has earned $8.38 million, or $0.89 a share in the quarter, compared with $6.97 million, or $0.74 a share for the same period last year.

Revenue during the quarter grew 4.34 percent to $57.31 million from $54.92 million in the previous year period. Gross margin for the quarter expanded 620 basis points over the previous year period to 42.66 percent. Total expenses were 77.47 percent of quarterly revenues, down from 82.53 percent for the same period last year. This has led to an improvement of 506 basis points in operating margin to 22.53 percent.

Operating income for the quarter was $12.91 million, compared with $9.59 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $16.54 million compared with $14.53 million in the prior year period. At the same time, adjusted EBITDA margin improved 240 basis points in the quarter to 28.86 percent from 26.46 percent in the last year period.

Adam P. Chase, president and chief executive officer, commented, "Our Industrial Materials segment performed well in the quarter, with sales increasing over the prior year second quarter. Last quarter's Resin Designs acquisition delivered solid results, which added to organic growth contributions from our electronic and industrial coatings and pulling and detection products. "With Middle East pipeline project delays and general weakness in that region continuing, our Construction Materials segment completed its normally seasonally slower second quarter behind the prior year. However, our coating and lining systems sales were a bright spot for the segment during the quarter."