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Article: Raven Industries Announces First Quarter Results.(Company overview)
- Article from:
- Agriculture Week
- Article date:
- June 4, 2009
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Raven Industries, Inc. (NASDAQ:RAVN) reported that its financial performance for the three months ended April 30, 2009, was negatively affected by slowdowns in the Applied Technology and Engineered Films divisions. Results improved in the Electronic Systems Division and Aerostar, but this was not enough to offset weakness in the other larger divisions. The company continued to have a healthy cash position and strong cash flows from operations.
Lower Sales, Earnings for First Quarter
Sales for the latest three months were $65.2 million, down 13 percent from $75.2 million at this time last year. Net income for the first quarter was off 15 percent to $9.2 ...