RAVN Raven Industries, Inc.
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
Website
CEO
Daniel A. Rykhus
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
460246171
Calendar
28 May 20
1 Jun 20
31 Jan 21
News
Company financial data Financial data
| Quarter (USD) | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|
| Revenue | 86.5M | 85.76M | 100.53M | 98.06M | |
| Net income | 3.95M | 2.7M | 9.93M | 8.77M | |
| Diluted EPS | 0.11 | 0.09 | 0.28 | 0.24 | |
| Net profit margin | 4.57% | 3.15% | 9.88% | 8.94% | |
| Operating income | 3.94M | 2.92M | 11.33M | 10.57M | |
| Net change in cash | 51.87M | -56.39M | 7.96M | 7.76M | |
| Cash on hand | 72.58M | 20.71M | 77.09M | 69.13M | |
| Cost of revenue | 58.03M | 58.72M | 70.23M | 66.72M |
| Annual (USD) | Jan 20 | Jan 19 | Jan 18 | Jan 17 | |
|---|---|---|---|---|---|
| Revenue | 382.53M | 406.67M | 377.32M | 277.4M | |
| Net income | 34.61M | 51.87M | 41.02M | 20.19M | |
| Diluted EPS | 0.97 | 1.42 | 1.13 | 0.56 | |
| Net profit margin | 9.05% | 12.76% | 10.87% | 7.28% | |
| Operating income | 39.94M | 55.13M | 59.17M | 28.41M | |
| Net change in cash | -45.08M | 25.25M | -10.11M | 16.87M | |
| Cash on hand | 20.71M | 65.79M | 40.54M | 50.65M | |
| Cost of revenue | 258.78M | 274.12M | 255.75M | 199.21M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 20 May 20 | Lois M Martin | Deferred Stock Units Common Stock | Grant | Aquire A | 21.46 | 3,961 | 85K | 7,970.037 |
| 20 May 20 | Andringa Jason M | Deferred Stock Units Common Stock | Grant | Aquire A | 21.46 | 6,291 | 135K | 33,555.775 |
| 20 May 20 | Everist Thomas S | Deferred Stock Units Common Stock | Grant | Aquire A | 21.46 | 3,961 | 85K | 31,681.828 |
| 20 May 20 | Holloway Janet M | Deferred Stock Units Common Stock | Grant | Aquire A | 21.46 | 3,961 | 85K | 7,970.037 |
| 20 May 20 | Parod Rick | Deferred Stock Units Common Stock | Grant | Aquire A | 21.46 | 3,961 | 85K | 8,292.618 |
Institutional ownership Q1 2020
76.1% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 146 |
| Opened positions | 15 |
| Closed positions | 31 |
| Increased positions | 65 |
| Reduced positions | 34 |
13F shares |
Current |
|---|---|
| Total value | 2.7B |
| Total shares | 27.23M |
| Total puts | 0 |
| Total calls | 23.1K |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 5.2M | $110.39M |
| Vanguard | 3.76M | $79.89M |
| Royce & Associates | 2.12M | $45.05M |
| Dimensional Fund Advisors | 1.41M | $30M |
| STT State Street | 1.07M | $22.72M |
| Thrivent Financial For Lutherans | 921.24K | $19.56M |
| Atlanta Capital Management Co L L C | 837.44K | $17.78M |
| MS^L Morgan Stanley | 778.41K | $16.53M |
| Bamco | 675K | $14.33M |
| NTRS Northern Trust | 605.83K | $12.86M |
Financial report summary
?Management Discussion
- Applied Technology designs, manufactures, sells, and services innovative precision agriculture products, autonomous solutions, and information management tools, which are collectively referred to as precision agriculture equipment, that help farmers reduce costs, more precisely control inputs, and improve yields for the global agriculture market.
- •Market conditions. The North American ag market continues to be negatively impacted by low commodity prices, and the pandemic has driven further uncertainty in the marketplace. Unfavorable oil prices and demand has caused a significant reduction in ethanol production which has an unfavorable impact on corn prices. These factors have reduced expected farm income, and OEMs have responded with plans for lower production of new machines. The Company anticipates these low commodity prices, and an anticipated tightening of ag lending, will likely hamper any improvement in ag market conditions throughout fiscal 2021. The Company does not model comparative market share position for its divisions, but the Company believes Applied Technology maintained or increased its market share in the first quarter of fiscal 2021.
- •Sales volume and selling prices. First quarter fiscal 2021 net sales increased $0.3 million or 0.7%, to $42.0 million compared to $41.7 million in the prior year. Higher sales volume, rather than a change in selling price, was the primary driver of this increase. Net sales in the first quarter of fiscal 2021 included $2.8 million of last time buy activity to a non-strategic OEM customer, which was an increase of $1.1 million versus the prior year comparative period. Strong sales development in the current quarter led to increased sales to OEMs of new and existing products
Content analysis
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| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
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Removed:
accommodate, account, accounted, actively, Additionally, adjusted, advancing, aerial, arrangement, ASC, assessed, assist, bear, began, calculate, carry, challenging, clarify, Clarifying, client, closing, codification, collaboration, collaborative, combination, commenced, commencement, committed, constitute, controlling, corporation, covered, custom, dated, December, deductible, delivering, depending, determine, discussed, emerging, engineering, enhance, enterprise, ERP, escrow, evaluate, evaluating, exemption, expedient, experienced, explicitly, extend, faculty, fifteen, final, flat, function, gain, greater, growing, guarantee, headquartered, hurricane, implementation, implicitly, implied, incremental, Indiana, Interaction, investor, June, legacy, lender, lessee, lessor, line, Loan, marketed, migration, minimum, mitigation, modified, monitor, opportunity, permitted, planning, planting, practical, proprietary, provision, qualify, quantitative, recognize, region, repayment, repeat, representing, residual, retrospective, schedule, SD, SDSU, settlement, short, Slingshot, slower, solution, specific, SST, stated, sublease, Supplemental, system, team, technical, terminate, test, thereto, transition, type, typically, utilized, venture, vesting, Vista, Wakarusa, warrant
Financial reports
10-Q
2021 Q1
Quarterly report
28 May 20
10-K
2020 FY
Annual report
26 Mar 20
10-Q
2020 Q3
Quarterly report
27 Nov 19
10-Q
2020 Q2
Quarterly report
22 Aug 19
10-Q
2020 Q1
Quarterly report
30 May 19
10-K
2019 FY
Annual report
22 Mar 19
10-Q
2019 Q3
Quarterly report
28 Nov 18
10-Q
2019 Q2
Quarterly report
23 Aug 18
10-Q
2019 Q1
Quarterly report
23 May 18
10-K
2018 FY
Annual report
23 Mar 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
21 May 20
8-K
Raven Industries Reports First Quarter Fiscal 2021 Results
20 May 20
8-K
Raven Industries Reports Fourth Quarter Fiscal 2020 Results
23 Mar 20
8-K
Results of Operations and Financial Condition
26 Nov 19
8-K
Today Raven Industries Unveils Details of Raven Autonomy™ & Raven Composites™ at Investor Day
5 Nov 19
8-K
Raven Industries Announces Replacement of Corporate Credit Facility
23 Sep 19
8-K
Raven Industries Reports Second Quarter Fiscal 2020 Results
22 Aug 19
8-K
Departure of Directors or Certain Officers
22 May 19
8-K
Raven Industries Reports First Quarter Fiscal 2020 Results
20 May 19
8-K
Raven Industries Reports Fourth Quarter and Fiscal Year 2019 Results
20 Mar 19
Registration and prospectus
S-8
Registration of securities for employees
30 May 19
S-3/A
Shelf registration (amended)
9 Dec 15
S-8
Registration of securities for employees
8 Jun 15
424B7
Prospectus with selling stockholder info
6 Feb 15
424B7
Prospectus with selling stockholder info
11 Dec 14
424B3
Prospectus supplement
20 Nov 14
S-3
Shelf registration
12 Nov 14
S-8
Registration of securities for employees
31 May 13
S-8
Registration of securities for employees
11 Jun 12
S-8
Registration of securities for employees
3 Jun 10
Proxies
DEFA14A
Additional proxy soliciting materials
7 May 20
DEF 14A
Definitive proxy
8 Apr 20
PRE 14A
Preliminary proxy
17 Mar 20
DEF 14A
Definitive proxy
16 Mar 20
DEF 14A
Definitive proxy
8 Apr 19
DEF 14A
Definitive proxy
5 Apr 18
DEF 14A
Definitive proxy
19 Apr 17
DEF 14A
Definitive proxy
11 Apr 16
DEF 14A
Definitive proxy
9 Apr 15
DEF 14A
Definitive proxy
14 Apr 14
Other
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
2 Jan 18
UPLOAD
Letter from SEC
30 Jun 17
CORRESP
Correspondence with SEC
9 Jun 17
UPLOAD
Letter from SEC
26 May 17
SD
Conflict minerals disclosure
23 May 17
SD
Conflict minerals disclosure
26 May 16
UPLOAD
Letter from SEC
26 Feb 16
Ownership
4/A
RAVEN INDUSTRIES / Nicole M Freesemann ownership change
22 May 20
4
RAVEN INDUSTRIES / Kevin T. Kirby ownership change
22 May 20
4
RAVEN INDUSTRIES / Marc E LeBaron ownership change
22 May 20
4
RAVEN INDUSTRIES / RICK PAROD ownership change
21 May 20
4
RAVEN INDUSTRIES / JANET M HOLLOWAY ownership change
21 May 20
4
RAVEN INDUSTRIES / THOMAS S EVERIST ownership change
21 May 20
4
RAVEN INDUSTRIES / Jason M Andringa ownership change
21 May 20
4
RAVEN INDUSTRIES / LOIS M MARTIN ownership change
21 May 20
4
RAVEN INDUSTRIES / Lee A Magnuson ownership change
8 Apr 20
4
RAVEN INDUSTRIES / Schmidt Anthony D Johnson ownership change
7 Apr 20
Patents
APP
Utility
Integrated Platform and Common Software Structural Architecture for Autonomous Agricultural Vehicle and Machinery Operation
21 May 20
An integrated technology platform includes multiple hardware and software components that enable any application of autonomous agricultural equipment operation in an agricultural or other off-road setting, within a common software structural architecture.
GRANT
Utility
Composite shingle including polyketone
19 May 20
Various embodiments disclosed relate to a composite shingle.
APP
Utility
Nozzle Control System and Method
9 Apr 20
The present disclosure relates to a system and method for nozzle control.
GRANT
Utility
Flexible pond liner
3 Mar 20
A pond system includes a single-piece drop-in flexible liner sized and shaped to partially suspend within a rigid sidewall, creating a cavity that may function as a liquid reservoir.
GRANT
Utility
Implement for adjustably metering an agricultural field input according to different frame sections
25 Feb 20
Metering device for an agricultural implement are present for applying a field input, for example, pneumatically delivered granular product including seed or fertilizer or sprayed liquid product including fertilizer and the like, to an agricultural field.