Raven Industries provides innovative, high-value products and systems that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and aerospace and defense solutions, and the company's groundbreaking work in autonomous systems is unlocking new possibilities in areas like farming, national defense, and scientific research. Since 1956, Raven has designed, produced, and delivered exceptional solutions, earning the company a reputation for innovation, product quality, and unmatched service.

Company profile
Ticker
RAVN
Exchange
Website
CEO
Daniel Rykhus
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Aerostar International, Inc. • Aerostar Technical Solutions, Inc. • Dot Technology • Raven Engineered Films, Inc. • Raven Industries Canada, Inc. • Raven International Holding Company B.V. • Raven CLI Construction, Inc. • Raven Europe, B.V. • Raven do Brasil Participacoes E Servicos Technicos LTDA • Raven Slingshot, Inc. ...
IRS number
460246171
RAVN stock data
Calendar
25 Aug 21
12 Aug 22
31 Jan 23
Financial summary
Quarter (USD) | Jul 21 | Apr 21 | Jan 21 | Oct 20 | |
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Cost of revenue | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jan 21 | Jan 20 | Jan 19 | Jan 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 13.08M | 13.08M | 13.08M | 13.08M | 13.08M | 13.08M |
Cash burn (monthly) | 1.56M | 228K | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 19.41M | 2.83M | n/a | n/a | n/a | n/a |
Cash remaining | -6.33M | 10.24M | n/a | n/a | n/a | n/a |
Runway (months of cash) | -4.1 | 44.9 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Nov 21 | Parod Rick | Common Stock | Sale back to company | Dispose D | No | No | 0 | 5,800 | 0 | 0 |
30 Nov 21 | Parod Rick | Deferred Stock Units Common Stock | Sale back to company | Dispose D | No | No | 0 | 10,287 | 0 | 0 |
30 Nov 21 | Andringa Jason M | Common Stock | Sale back to company | Dispose D | No | No | 0 | 15,000 | 0 | 0 |
30 Nov 21 | Andringa Jason M | Deferred Stock Units Common Stock | Sale back to company | Dispose D | No | No | 0 | 36,846 | 0 | 0 |
30 Nov 21 | LeBaron Marc E | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 19,662 | 0 | 0 |
30 Nov 21 | LeBaron Marc E | Common Stock | Sale back to company | Dispose D | No | No | 0 | 11,151 | 0 | 0 |
30 Nov 21 | LeBaron Marc E | Deferred Stock Units Common Stock | Sale back to company | Dispose D | No | No | 0 | 34,903 | 0 | 0 |
30 Nov 21 | Taimur Sharih | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 9,094 | 0 | 0 |
30 Nov 21 | Taimur Sharih | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 4,547 | 0 | 0 |
30 Nov 21 | Taimur Sharih | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 4,873 | 0 | 0 |
Institutional ownership, Q4 2021
5.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 1 |
Closed positions | 188 |
Increased positions | 1 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 109.31M |
Total shares | 1.9M |
Total puts | 5.3K |
Total calls | 12.3K |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Glazer Capital | 1.9M | $109.31M |
Simplex Trading | 0 | $0 |
Financial report summary
?Risks
- The novel coronavirus (COVID-19) has adversely impacted, and could continue to impact the Company, including possible material adverse effects on our business, financial position, and cash flow. Further spread of COVID-19, as well as outbreaks or epidemics of other infectious diseases, may have a similar or worse impact on the Company.
- The loss, disruption, or material change in the Company's business relationship with single source suppliers for particular materials, components, or services, could cause a disruption in supply, or substantial increase in cost of any such products or services, and therefore could result in harm to the Company's sales, profitability, cash flows and financial condition.
- Price fluctuations in, and shortages of, raw materials could have a significant impact on the Company's ability to sustain and grow earnings.
- Failure to develop and market new technologies and products could impact the Company's competitive position and have an adverse effect on the Company's financial results.
- Failure to develop and maintain partnerships, alliances, and other distribution or supplier relationships could adversely impact the Company's financial results.
- The Company's sales of products that are specialized and highly technical in nature are subject to uncertainties, start-up costs and inefficiencies, as well as market, competitive, and compliance risks.
- The Company's Aerostar segment depends on the U.S. government for a significant portion of its sales, creating uncertainty in the timing of and funding for projected contracts.
- The Company derives a portion of its revenues from foreign markets, which subjects the Company to business risks, including risk of changes in government policies, laws, regulation compliance, or changes in worldwide economic conditions.
- The Company may pursue or complete acquisitions, which represent additional risk and could impact future financial results.
- The Company may fail to continue to attract, develop, and retain key management and other key employees, which could negatively impact operating results.
- Weather conditions or natural disasters could affect certain Company markets, such as agriculture, construction, geomembrane installation, or the Company's primary manufacturing facilities.
- Fluctuations in commodity prices can increase the Company's costs and decrease sales.
- Adverse economic conditions in the major industries the Company serves may materially affect segment performance and consolidated results of operations.
- The Company could be impacted by unfavorable results or material settlement of legal proceedings.
- Raven is subject to governmental laws, regulations and other legal obligations related to privacy and data protection.
- Technology failures or cyber-attacks on the Company's systems could disrupt the Company's operations or the functionality of its products and negatively impact the Company's business.
Management Discussion
- The Company’s effective tax rates for the three-month periods ended July 31, 2021 and 2020, were 15.0% and 10.8%, respectively. The Company’s effective tax rates for the six-month periods ended July 31, 2021 and 2020, were 16.2% and 2.2%, respectively. The year-over-year volatility in the effective tax rate for the three and six-month periods was driven primarily by an increase in the current year profitability.
- The Company's strong performance in the first quarter continued into the second quarter with strong sales growth in the Applied Technology and Engineered Films divisions.
- Demand across Applied Technology's product portfolio remained very strong in the second quarter resulting in year-over-year revenue growth in both the OEM and aftermarket channels despite navigating global supply chain constraints. Additionally in Raven Autonomy™ the Company achieved significant milestones while executing on its strategy. Applied Technology commercialized the OMNiDRIVE™ system and is on track to sell its limited release out in the first fiscal year. The solutions being developed are significant advancements in ag technology that will help solve labor shortages, provide greater efficiencies and enhance sustainability in agriculture across the world.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
advisory, Antitrust, assumption, attention, billion, certainty, circumstance, CNH, consummate, consummated, consummation, contemplated, count, cutting, diversion, economy, enterprise, Existing, expired, failure, head, hire, intentional, Justice, liable, maximizing, merger, navigated, navigating, occurrence, partnership, pay, portfolio, premerger, proposed, robust, submarket, subsidiary, successfully, terminated, termination, waiting, wholly
Removed:
Basin, buy, commercialization, continuing, highly, improving, NaN, offsetting, Permian, range, rig, team
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
3 Dec 21
8-K
CNH Industrial completes the acquisition of Raven Industries
30 Nov 21
8-K
Departure of Directors or Certain Officers
19 Nov 21
8-K
Departure of Directors or Certain Officers
15 Oct 21
8-K
Submission of Matters to a Vote of Security Holders
17 Sep 21
8-K
Other Events
6 Sep 21
8-K
Raven Industries Reports Second Quarter Fiscal 2022 Results
25 Aug 21
8-K
Other Events
16 Aug 21
8-K
Entry into a Material Definitive Agreement
24 Jun 21
8-K
Other Events
21 Jun 21
Registration and prospectus
15-12B
Securities registration termination
14 Feb 22
15-12B
Securities registration termination
10 Dec 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Nov 21
Proxies
DEFA14A
Additional proxy soliciting materials
6 Sep 21
DEFM14A
Proxy related to merger
6 Aug 21
PREM14A
Preliminary proxy related to merger
19 Jul 21
DEFA14A
Additional proxy soliciting materials
24 Jun 21
DEFA14A
Additional proxy soliciting materials
21 Jun 21
DEFA14A
Additional proxy soliciting materials
7 May 20
PRE 14A
Preliminary proxy
17 Mar 20
DEF 14A
Definitive proxy
16 Mar 20
Other
SD
Conflict minerals disclosure
5 May 21
UPLOAD
Letter from SEC
18 Feb 21
CORRESP
Correspondence with SEC
7 Feb 21
UPLOAD
Letter from SEC
2 Feb 21
CORRESP
Correspondence with SEC
1 Feb 21
UPLOAD
Letter from SEC
25 Jan 21
SD
Conflict minerals disclosure
5 May 20
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
8 May 18
CT ORDER
Confidential treatment order
1 Jan 18
Ownership
4
RAVEN INDUSTRIES / THOMAS S EVERIST ownership change
1 Dec 21
4
RAVEN INDUSTRIES / JANET M HOLLOWAY ownership change
1 Dec 21
4
RAVEN INDUSTRIES / Kevin T. Kirby ownership change
1 Dec 21
4
RAVEN INDUSTRIES / DANIEL A RYKHUS ownership change
1 Dec 21
4
RAVEN INDUSTRIES / Lee A Magnuson ownership change
1 Dec 21
4
RAVEN INDUSTRIES / Steven E Brazones ownership change
1 Dec 21
4
RAVEN INDUSTRIES / Nicole M Freesemann ownership change
1 Dec 21
4
RAVEN INDUSTRIES / Scott W Wickersham ownership change
1 Dec 21
4
RAVEN INDUSTRIES / Taimur Sharih ownership change
1 Dec 21
4
RAVEN INDUSTRIES / LOIS M MARTIN ownership change
1 Dec 21
Patents
Utility
Multi-layer Laminate Load Ring
21 Jul 22
A laminated load ring for a balloon assembly includes a plurality of ring stacking units stacked one on top of the other.
Utility
Drogue deployment for lighter than air vehicle descent
19 Jul 22
The technology relates to techniques for drogue deployment for a lighter than air (LTA) vehicle descent.
Utility
Lateral Propulsion Systems and Architectures for High Altitude Balloons
14 Jul 22
Aspects of the technology relate to propulsion systems for high altitude, long duration balloons, such as balloons that operate in the stratosphere for weeks, months or longer.
Utility
Helical cable assembly tooling and method
12 Jul 22
Aspects of the technology relate to rotational electromechanical systems, in which data and or power are supplied to components while one part of the system is rotating relative to another part of the system.
Utility
Agricultural Weed Dispatching Implements
16 Jun 22
An agricultural implement that can concurrently cultivate and spray includes an implement support frame.
Transcripts
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