Seeking Alpha

Raven Industries climbs on Q3 beat

  • Raven Industries (RAVN +7.1%) Q3 EPS of $0.34, beats by $0.03.
  • Revenue of $104.9M (+8.1% Y/Y), beats by $4.3M.
  • Applied Technology segment revenue climbed 10.8% Y/Y to $43.8M, Engineered Films +20.8% to $40.2M, and Aerostar -8.0% to $24.3M.
  • Looking ahead to Q4, management notes "it will be difficult to match the growth we saw in the just-completed third quarter, but we still have opportunities that could fuel some year-over-year fourth quarter earnings growth."
  • PR, Conference call (webcast)
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