Company profile

Ticker
CCF
Exchange
CEO
Adam Peter Chase
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
111797126

CCF stock data

(
)

Calendar

8 Jul 20
13 Jul 20
31 Aug 20

News

Company financial data Financial data

Quarter (USD) May 20 Feb 20 Nov 19 Aug 19
Revenue 64.87M 65.58M 66.8M 70.11M
Net income 9.91M 7.88M 7.36M 10.07M
Diluted EPS 1.04 0.83 0.77 1.07
Net profit margin 15.27% 12.01% 11.02% 14.37%
Operating income 12.14M 11.05M 10.73M 12.57M
Net change in cash 15.6M 1.61M 18.29M 17.13M
Cash on hand 83.26M 67.66M 66.06M 47.77M
Cost of revenue 39.69M 40.67M 41.78M 43.97M
Annual (USD) Aug 19 Aug 18 Aug 17 Aug 16
Revenue 281.35M 284.19M 252.56M 238.09M
Net income 32.71M 43.14M 42.01M 32.81M
Diluted EPS 3.46 4.56 4.44 3.5
Net profit margin 11.63% 15.18% 16.64% 13.78%
Operating income 45.06M 55.74M 59.2M 47.78M
Net change in cash 12.94M -12.53M -26.06M 29.59M
Cash on hand 47.77M 34.83M 47.35M 73.41M
Cost of revenue 180.16M 175.14M 146.04M 144.44M

Financial data from Chase earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 May 20 Gack Lewis P Chase Corporation Sell Dispose S No 91.62 400 36.65K 4,319
16 Apr 20 Chase Adam Chase Corporation Common Stock Gift Aquire G No 0 11,000 0 30,785
16 Apr 20 Chase Peter R Chase Corporation Common Stock Gift Dispose G No 0 33,000 0 74,187
4 Feb 20 Mary Claire Chase Chase Corporation Common Stock Grant Aquire A No 0 628 0 7,159
4 Feb 20 Wroe Thomas JR Chase Corporation Common Stock Grant Aquire A No 0 726 0 5,907
71.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 97 102 -4.9%
Opened positions 11 9 +22.2%
Closed positions 16 5 +220.0%
Increased positions 32 35 -8.6%
Reduced positions 35 39 -10.3%
13F shares
Current Prev Q Change
Total value 714.44M 885.81M -19.3%
Total shares 6.78M 6.39M +6.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
FMR 831.07K $68.39M -2.6%
NEU Neuberger Berman 724.39K $59.61M -0.4%
BLK BlackRock 507.75K $41.78M -0.0%
Renaissance Technologies 405.6K $33.38M +2.6%
Vanguard 377.48K $31.06M -0.4%
Advisor 358.37K $4K NEW
N Price T Rowe Associates 356.36K $29.33M -0.4%
Dimensional Fund Advisors 335.06K $27.57M -0.0%
Choate Investment Advisors 297.38K $24.47M 0.0%
Mawer Investment Management 295.4K $24.31M -0.3%
Largest transactions
Shares Bought/sold Change
Advisor 358.37K +358.37K NEW
BK Bank Of New York Mellon 96.69K +63.34K +189.9%
Champlain Investment Partners 277.91K +34.69K +14.3%
Roubaix Capital 25.76K +25.76K NEW
FMR 831.07K -21.9K -2.6%
AIVAF Aviva 0 -16.51K EXIT
Lord, Abbett & Co. 87.3K -12.01K -12.1%
AltraVue Capital 34.67K -11.5K -24.9%
Renaissance Technologies 405.6K +10.4K +2.6%
MS^L Morgan Stanley 2.42K -8.98K -78.8%

Financial report summary

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Risks
  • General economic factors, domestically and internationally, may also adversely affect our financial performance through increased raw material costs or other expenses and by making access to capital more difficult.
  • If our products fail to perform as expected, or if we experience product recalls, we could incur significant and unexpected costs and lose existing and future business.
  • We are dependent on key personnel.
  • Current and threatened tariffs on goods from China and other countries could result in lower revenue, profits and cash flows.
  • We may experience difficulties in the redesign and consolidation of our manufacturing facilities which could impact shipments to customers, product quality, and our ability to realize cost savings.
  • Financial market performance may have a material adverse effect on our pension plan assets and require additional funding requirements.
  • If we fail to maintain effective internal control over financial reporting, this may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • Failure or compromise of security with respect to an operating or information system or portable electronic device could adversely affect our results of operations and financial condition or the effectiveness of our internal controls over operations and financial reporting.
Management Discussion
  • The Company’s revenue contracted in the current year, affected by challenges faced in Asian markets, a tight credit market in the Middle East and the prior year divestiture of our structural composites rod business. These decreases were tempered by a comparative bump from our December 2017 (fiscal 2018) acquired Zappa Stewart superabsorbents business, and organic sales growth in our primarily North American focused pulling and detection and cable materials product lines.  Price increases continued during the current year to address elevated raw material costs, but came short of obtaining full margin recovery for the period.
  • During fiscal 2019, the Company made further strides on its consolidation and rationalization initiative. We made substantial progress on relocating our pulling and detection product line production operations from our Granite Falls, NC facility to our Hickory, NC facility.  The Company has been successful in not incurring elevated levels of manufacturing spend during pulling and detection’s period of transition, which is anticipated to be completed in the first half of fiscal 2020. Operational efficiency gains were made in the latter half of the year at our Oxford, MA and Lenoir, NC facilities, which absorbed the specialized cable material manufacturing operations of our Pawtucket, RI facility at the start of fiscal 2019. Following the move out of Pawtucket, higher manufacturing expenses were required to maintain service levels during the transition; these expenses were seen in the first half of fiscal 2019 but subsided in the second half of the year, and the Company is now beginning to recognize the long-term cost savings initially sought by combining the operations. 
  • Net cash provided by operating activities exceeded the prior year and, along with cash repatriated from our U.K. operations, was utilized to pay off in full the outstanding principal balance of our $150,000,000 revolving credit facility.  The Company had borrowed $65,000,000 from the facility in December 2017 to substantially fund the acquisition of Zappa Stewart, and had begun paying down the balance in fiscal 2018. Our revolving credit facility allows for us to pay down debt when we have excess cash, while retaining access to immediate liquidity to fund future accretive activities as identified.
Content analysis ?
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