Exhibit 99.1

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Chase Corporation Announces Fiscal Third Quarter 2020 Results

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Revenue of $64.9 Million; Earnings Per Share of $1.04

Continues Relative Gross Margin, Cash Flow and Cash Balance Improvement

Expands on Actions Taken Related to COVID-19

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Westwood, MA – July 8, 2020 – Chase Corporation (NYSE American: CCF), a global specialty chemicals company that is a leading manufacturer of protective materials for high-reliability applications across diverse market sectors, today announced financial results for the quarter ended May 31, 2020, the third quarter of its fiscal 2020.

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Fiscal Third Quarter Key Highlights

•Total Revenue of $64.9 million, compared to $72.1 million in the year-ago period

•Gross Margin of 39%, compared to 36% in the year-ago period

•Net Income of $9.9 million, compared to $8.5 million in the year-ago period

•Adjusted EBITDA of $16.0 million, compared to $16.7 million in the year-ago period

•Ended period with cash balance of $83.3 million

•Free Cash Flow of $15.0 million, compared to $12.4 million in the year-ago period

•Completed sale of Pawtucket, RI facility

•Proactively managed cost structure to address coronavirus (COVID-19) impacts

“Employee safety and well-being remains our top priority during the COVID-19 pandemic, as all of our global facilities continue to exemplify our value proposition by reliably servicing our customers and essential industries.  I want to thank our employees during this challenging time for their service and unwavering commitment to supporting our customers,” said Adam P. Chase, President and Chief Executive Officer of Chase Corporation.

“We continued to exhibit operational and financial discipline in addressing the changing realities in our end markets. Despite a decline in sales in the quarter due to broader macro disruptions related to COVID-19, we took proactive initiatives to support relative margin expansion, including the institution of a temporary 20% reduction in the base salaries of our named executive officers and select members of senior management, as well as the cash compensation of the non-employee members of our Board of Directors.

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“We remain committed to our core strategic drivers, a principled approach to organic and inorganic growth, and operational consolidation, while maintaining financial flexibility with a focus on margins, cash flow and a strong balance sheet. These tenets have benefited the Company over the years and even more so now during the COVID-19 pandemic.  

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“Our organization will continue driving further optimization initiatives and responding to the dynamic environment with our disciplined approach that balances short-term requirements with long-term growth objectives to create value for our shareholders.”

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Financial Highlights

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“In these unprecedented times, we undertook difficult decisions to contain expenses, including a 4.5% reduction in our global workforce. This was an action contemplated pre-pandemic but catalyzed by COVID-19, and was taken along with additional administrative expense reductions,” said Christian J. Talma, Treasurer and Chief Financial Officer of Chase Corporation. “This is consistent with our strategic approach to prudently deploy capital to enhance our portfolio of products and pursue inorganic growth to drive shareholder return. Additionally, and to reiterate, financial flexibility is a core component of our strategy and we remain in a position of  strength at the height of  the coronavirus pandemic, with no debt, $83.3 million cash on hand and a $150 million credit facility fully available to support our global operations and investments in growth opportunities.  This provides the Company continued agility to operate in this period of COVID-19 related uncertainty.”

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Adhesives, Sealants and Additives

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Our Adhesives, Sealants and Additives segment’s revenue declined 12% to $22.9 million compared to Q3 FY19 primarily due to demand-driven declines in the Company’s electronic and industrial coatings product line, on worldwide automotive and industrial demand reduction, further exacerbated by COVID-19, and lower revenue from the specialty chemical intermediates product line across North American markets. The cost of products and services sold declined 13% to $13.0 million compared to the year-ago period, as our cost containment and margin improvement activities partially offset the sales reductions.

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Industrial Tapes

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Our Industrial Tapes segment’s top-line of $31.8 million was 6% lower than the year-ago period as a result of reduced demand for our cable materials and specialty products product lines, including the conclusion of our low-margin transitional toll manufacturing services in the second fiscal quarter of 2020. These were partially offset by the improved sales in both the electronic materials product line in Asia, and the pulling and detection tapes product line to North American telecommunications and utility industries. The cost of products and services sold declined 14% to $21.1 million compared to the year-ago period, which is a milestone in our goal to reduce fixed costs in this segment.  

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Corrosion Protection and Waterproofing

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Sales from our Corrosion Protection and Waterproofing segment declined 18% to $10.2 million compared to the year-ago period, largely as a result of declining sales in the coating and lining systems, pipeline coatings and building envelope product lines. The net decrease in worldwide oil and gas prices experienced during the third fiscal quarter of 2020 contributed to the overall decline in demand seen during the current period. Partially offsetting these declines was revenue growth from our bridge and highway product line as we entered the start

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of the outdoor construction season across much of North America. The cost of products and services sold declined 20% to $5.5 million compared to the year-ago period.  

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More information on COVID-19 updates can be found at the Company website: www.chasecorp.com

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About Chase Corporation

Chase Corporation, a global specialty chemicals company that was founded in 1946, is a leading manufacturer of protective materials for high-reliability applications throughout the world. More information can be found on our website https://chasecorp.com/

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Use of Non-GAAP Financial Measures

The Company has used non-GAAP financial measures in this press release. Adjusted net income, Adjusted diluted EPS, EBITDA, Adjusted EBITDA and Free cash flow are non-GAAP financial measures.  The Company believes that Adjusted net income, Adjusted diluted EPS, EBITDA, Adjusted EBITDA and Free cash flow 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 Adjusted net income, Adjusted diluted EPS, EBITDA, Adjusted EBITDA and Free cash flow 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 Adjusted net income, Adjusted diluted EPS, EBITDA, Adjusted EBITDA and Free cash flow may not be comparable to similarly-titled measures published by others. Non-GAAP financial measures should be considered in addition to, and not as an alternative to, the Company’s reported results prepared in accordance with GAAP. This press release provides reconciliations from the most directly comparable financial measure presented in accordance with U.S. GAAP to each non-GAAP financial measure.

Cautionary Note Concerning Forward-Looking Statements

Certain statements in this press release are forward-looking.  These may be identified by the use of forward-looking words or phrases such as “believe”; “expect”; “anticipate”; “should”; “planned”; “estimated” and “potential”, among others.  These forward-looking statements are based on Chase Corporation’s current expectations.  The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements.  To comply with the terms of the safe harbor, the Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company's business include, but are not limited to, the following: uncertainties relating to economic conditions; uncertainties relating to customer plans and commitments; the pricing and availability of equipment, materials and inventories; technological developments; performance issues with suppliers and subcontractors; economic growth; delays in testing of new products;  the Company’s ability to successfully integrate acquired operations; the effectiveness of cost-reduction plans; rapid technology changes; the highly competitive environment in which the Company operates; as well as expected impact of the coronavirus disease (COVID-19)  pandemic on the Company's businesses. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

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Investor & Media Contact:

Michael Cummings or Jackie Marcus

Alpha IR Group

Phone:     (617) 982-0475

E-mail:    CCF@alpha-ir.com

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Shareholder & Investor Relations Department

Phone:(781) 332-0700

E-mail: investorrelations@chasecorp.com

Website:www.chasecorp.com

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The following table summarizes the Company’s unaudited financial results for the three and nine months ended May 31, 2020 and 2019.

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* For the three and nine months ended May 31, 2020 and 2019 represents the aggregate tax effect assuming a 21% tax rate for the items impacting pre-tax income, which is our estimated effective U.S. statutory Federal tax rate for fiscal 2020 and which was our effective U.S. statutory Federal tax rate for fiscal year 2019 .

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