RAVN Raven Industries, Inc.

All RAVN filings Filing statistics SEC

Raven Industries, Inc. engages in the provision of technology products and solutions for the industrial, agricultural, energy, construction, and aerospace or defense industries. It operates through the following segments: Applied Technology, Engineered Films, Aerostar, and Corporate and Other. The Applied Technology segment designs, manufactures, sells, and services innovative precision agriculture products and information management tools that help growers reduce costs, control inputs, and improve farm yields to original equipment manufacturers. The Engineered Films segment produces and sells high-performance plastic films and sheeting to both direct to end-customers. The Aerostar segment offers high-altitude balloons, tethered aerostats, and radar processing systems. The Corporate and Other segment covers general and administrative expenses. The company was founded by J. R. Smith, Paul Edward Yost, Thon Duwayne, and Joseph Kaliszewski in February 1956 and is headquartered in Sioux Falls, SD.

Company profile

Ticker

RAVN

Exchange

NASDAQ

Website

www.ravenind.com

CEO

Daniel A. Rykhus

Incorporated in

South Dakota

Location

South Dakota

Fiscal year end

Jan 31

Sector

Producer Manufacturing > Miscellaneous Manufacturing

Industry (SEC)

Unsupported Plastics Film & Sheet

Str • Fuwei Films • Biosolar • Xsunx ...

SEC CIK

0000082166

Corporate docs

Articles of Incorporation & Bylaws

IRS number

460246171

RAVN stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart RAVN financial data

Quarter (USD)	Oct 19	Jul 19	Apr 19	Jan 19
Revenue	100.53M	98.06M	98.18M	88.02M
Net income	9.93M	8.77M	13.21M	2.95M
Diluted EPS	0.28	0.24	0.36	0.08
Net profit margin	9.88%	8.94%	13.46%	3.35%
Operating income	11.33M	10.57M	15.12M	3.36M
Net change in cash	7.96M	7.76M	-4.42M	-2.91M
Cash on hand	77.09M	69.13M	61.37M	65.79M
Cost of revenue	70.23M	66.72M	63.11M	62.73M

Annual (USD)	Jan 19	Jan 18	Jan 17	Jan 16
Revenue	406.67M	377.32M	277.4M
Net income	51.79M	41.02M	20.19M	4.78M
Diluted EPS	1.42	1.13	0.56	0.13
Net profit margin	12.74%	10.87%	7.28%
Operating income	55.13M	59.17M	28.41M	4.39M
Net change in cash	25.25M	-10.11M	16.87M	-18.17M
Cash on hand	65.79M	40.54M	50.65M	33.78M
Cost of revenue	274.12M	255.75M	199.21M	191.26M

Financial data from company earnings reports

Institutional ownership Q3 2019

RAVN institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	150	167	-10.2%
Opened positions	8	19	-57.9%
Closed positions	25	34	-26.5%
Increased positions	53	59	-10.2%
Reduced positions	56	56	–

13F shares	Current	Prev Q	Change
Total value	2.21B	1.85B	+19.3%
Total shares	26.76M	27M	-0.9%
Total puts	5.5K	5K	+10.0%
Total calls	50.84K	26.71K	+90.3%
Total put/call ratio	0.1	0.2	-42.2%

Largest owners	Shares	Value	Change
BLK BlackRock	5.28M	$176.62M	+1.0%
Vanguard	3.74M	$125.13M	+1.0%
Royce & Associates	1.92M	$64.08M	+2.4%
Dimensional Fund Advisors	1.45M	$48.66M	-0.1%
NEU Neuberger Berman	1.42M	$47.38M	-2.0%
STT State Street	1.03M	$34.5M	-0.5%
Bamco	890K	$29.78M	+16.6%
N Price T Rowe Associates	755.87K	$25.29M	-13.8%
NTRS Northern Trust	604.35K	$20.22M	+1.6%
Atlanta Capital Management Co L L C	574.69K	$19.23M	+6.8%

Largest transactions	Shares	Bought/sold	Change
MS Morgan Stanley	197.29K	-156.55K	-44.2%
Pier Capital	149.99K	+149.99K	NEW
Thrivent Financial For Lutherans	525.87K	+145.44K	+38.2%
Bamco	890K	+126.75K	+16.6%
N Price T Rowe Associates	755.87K	-121.17K	-13.8%
Marshall Wace	8.94K	-101.81K	-91.9%
Arrowstreet Capital, Limited Partnership	0	-95.95K	EXIT
Fuller & Thaler Asset Management	200.15K	-61.92K	-23.6%
Citadel Advisors	61.09K	-57.73K	-48.6%
BLK BlackRock	5.28M	+54.69K	+1.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

RISKS RELATING TO THE COMPANY
Weather conditions or natural disasters could affect certain Company markets, such as agriculture, construction, geomembrane installation, or the Company's primary manufacturing facilities.
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.
Fluctuations in commodity prices can increase the Company's costs and decrease sales.
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 and laws or changes in worldwide economic conditions.
Adverse economic conditions in the major industries the Company serves may materially affect segment performance and consolidated results of operations.
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.
The Company could be impacted by unfavorable results or material settlement of legal proceedings.
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.
The implementation of a new enterprise resource planning (ERP) system may result in short term disruption to the Company’s operations and business, which could adversely impact the Company and damage customer relationships and brand reputation.

Management Discussion

Applied Technology designs, manufactures, sells, and services innovative precision agriculture products and information management tools, which are collectively referred to as precision agriculture equipment, that help farmers reduce costs, more precisely control inputs, and improve farm yields for the global agriculture market.
•Market conditions. The North American ag market continues to be negatively impacted by unfavorable weather and low commodity prices, while the U.S.-China trade developments continue to drive uncertainty in the marketplace and negatively impact farmer sentiment. These factors have reduced farm income, and OEMs have responded with lower production of new machines. In the short term, the Company does not anticipate improvement in ag market conditions nor an increase in demand for precision agriculture equipment. The Company does not generally model comparative market share position for its divisions, but the Company believes Applied Technology maintained its market share in the third quarter of fiscal 2020.
•Sales volume and selling prices. Third quarter fiscal 2020 net sales decreased $1.2 million or 4.2%, to $28.5 million compared to $29.7 million in the prior year. Year-to-date sales decreased 2.9% to $97.6 million compared to $100.5 million in the prior year. Lower sales volume, rather than a change in selling price, was the primary driver of this decrease. Unfavorable weather during the planting season in North America and poor yield conditions during this year's growing season continued to impact end market demand in North America.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-Q 2020 Q3