Last $26.04 USD
Change Today -0.29 / -1.10%
Volume 137.8K
RAVN On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

raven industries inc (RAVN) Snapshot

Open
$26.33
Previous Close
$26.33
Day High
$26.40
Day Low
$25.82
52 Week High
12/24/13 - $42.99
52 Week Low
09/12/14 - $25.81
Market Cap
950.3M
Average Volume 10 Days
93.0K
EPS TTM
$1.08
Shares Outstanding
36.5M
EX-Date
10/8/14
P/E TM
24.1x
Dividend
$0.52
Dividend Yield
1.84%
Current Stock Chart for RAVEN INDUSTRIES INC (RAVN)

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raven industries inc (RAVN) Details

Raven Industries Inc. manufactures products for industrial, agricultural, construction, and military/aerospace markets in North America. It operates in four segments: Engineered Films, Flow Controls, Electronic Systems, and Aerostar. Engineered Films produces rugged reinforced plastic sheeting for industrial, construction, and agricultural applications. Flow Controls offers electronic speed and global positioning system-based location-compensated application control products, used primarily for precision farming applications and marine navigation. It also offers products for field location control and chemical injection. Electronic Systems offers electronics manufacturing services for commercial customers. It manufactures avionics, communication, environmental controls, and other products. Aerostar sells high-altitude aerostats for public and commercial research, military parachutes, and specialty outerwear for security forces. It makes other sewn and sealed products on a contract basis and produces uniforms and protective wear for U.S. government agencies as a subcontractor. The company was founded in 1956 and is headquartered in Sioux Falls, S.D.

1,286 Employees
Last Reported Date: 03/31/14
Founded in 1956

raven industries inc (RAVN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $510.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $250.0K
Vice President of Corporate Development, Gene...
Total Annual Compensation: $255.0K
Division Vice President and General Manager o...
Total Annual Compensation: $270.0K
Division Vice President and General Manager o...
Total Annual Compensation: $235.0K
Compensation as of Fiscal Year 2014.

raven industries inc (RAVN) Key Developments

Raven Industries Inc. Increases Regular Quarterly Cash Dividend, Payable on October 24, 2014

Raven Industries Inc. announced that its board of directors has approved an 8% increase in the company's regular quarterly cash dividend to 13 cents per share. The dividend is payable October 24, 2014, to shareholders of record on October 10, 2014.

Raven Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2014; Provides Financial Guidance for the Third Quarter and Second Half of Fiscal 2015

Raven Industries Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 31, 2014. For the second quarter, sales were $94.5 million, up from $93.4 million in the prior-year second quarter. Sales rose 14% in the company's Engineered Films division. This was offset by sales declines in the Applied Technology and Aerostar divisions, and led to net income of $7.747 million, or $0.21 per diluted share, against year-earlier net income of $8.337 million, or $0.23 per diluted share. Operating income was $10.696 million against $12.568 million a year ago. Income before income taxes was $10.637 million against $12.349 million a year ago. Net income attributable to company was $7.719 million against $8.333 million a year ago. For the fiscal 2015 second quarter, sales in Engineered Films rose to $42.3 million from $37.3 million a year ago. Operating income was $5.8 million, compared with $4.8 million in the year-earlier quarter. For the 2015 second quarter, sales in Applied Technology were $36.2 million, versus $39.1 million last year, again reflecting a sluggish ag equipment market. Operating income was $8.8 million, compared to $11.9 million in the prior-year period. For the fiscal 2015 second quarter, Aerostar reported sales of $19.3 million, against $20.7 million in the year-earlier quarter. The division posted operating income of $1.6 million, up from $1.0 million in the fiscal 2014 second quarter. Planned sales declines of $5.5 million in contract manufacturing were partially offset by a $2.0 million increase in balloon-related revenue from Google, which rose to a total of $3.1 million. For the six months, sales were $197.0 million, essentially flat with last year's $197.1 million. Net income for the period totaled $18.781 million, or $0.51 per diluted share, against $22.331 million, or $0.61 per diluted share, in fiscal 2014. Operating income was $27.228 million against $33.502 million a year ago. Income before income taxes was $27.090 million against $33.085 million a year ago. Net income attributable to company was $18.757 million against $22.336 million a year ago. Net cash provided by operating activities was $31.038 million against $29.737 million a year ago. Capital expenditures were $7.297 million against $13.746 million a year ago. Looking ahead to the second half of the year, the company expects to see continued solid growth in Engineered Films revenues from high-value agriculture and operating income gains. For the fiscal 2015 third quarter, the company expects: solid growth in Engineered Films revenues from multiple end markets; a difficult quarter for Aerostar stemming from the transitional impact of moving to higher-scale production of Project Loon balloons, and a deferred ramp up of aerostat and radar deliveries; and difficult market conditions in Applied Technology. These conditions, combined with the planned runoff in contract manufacturing, will make third-quarter revenue growth challenging. Despite Engineered Films sales growth and conservative management of corporate resources, Raven expects double-digit declines in third-quarter net income, versus the record third quarter last year. However, in the fiscal 2015 fourth quarter, management anticipates profit growth will resume, but not at a rate to produce higher earnings for the full fiscal year.

Raven Industries' Applied Technology Division Announces Hawkeye(TM)

Raven Industries' Applied Technology Division announced Hawkeye(TM), an innovative pressure-based nozzle control system that provides the most precise and accurate application across the entire sprayer boom, and the entire field. Hawkeye will be integrated with the Viper(R) 4 field computer, as well as other ISObus compatible virtual terminals, giving customers a fully-integrated system with less cab clutter. Hawkeye also comes standard with turn compensation, adding even more precision during sprayer operation as well as individual valve diagnostics, sectional shut-off, and a clean system architecture designed for simple installation and operation. Raven will feature Hawkeye at MAGIE in Bloomington, IL and other upcoming tradeshows. The system will release later this fall.

 

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Industry Analysis

RAVN

Industry Average

Valuation RAVN Industry Range
Price/Earnings 24.6x
Price/Sales 2.4x
Price/Book 3.6x
Price/Cash Flow 24.4x
TEV/Sales 2.3x
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