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November 20, 2012
09:06 EDTRAVNRaven says long-term earnings growth target unlikely in FY13
The company said, "For the fourth quarter, we continue to see positive trends in Applied Technology. For the near-term, Aerostar continues to be impacted by a lack of aerostat orders. Within Engineered Films, we anticipate a challenging environment and tough year-over-year comparison. Given the company's year-to-date performance and a difficult fourth-quarter outlook, reaching our long-term earnings growth target of 10-15 percent is unlikely in the current year. However, we are pleased that we continue to expect a record year for sales and earnings, while managing the business to achieve our target longer term."
News For RAVN From The Last 14 Days
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November 20, 2014
09:15 EDTRAVNRaven sees Integra Plastics acquisition accretive to Q4 EPS
Raven expects the impact of the acquisition of Integra Plastics to be accretive to Q4 EPS and anticipates higher profit contributions from Engineered Films compared to Q4 last year. Aerostar continues to move away from contract manufacturing, reducing revenues, but expects higher profits due to its proprietary products. Management does not believe, however, that growth in these divisions will be sufficient to offset the expected continued declines in sales and operating income from Applied Technology. As a result, Raven does not anticipate profit growth in Q4 over the year-ago period.
09:13 EDTRAVNRaven reports Q3 EPS 18c, consensus 23c
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November 12, 2014
06:15 EDTRAVNRaven files to sell 1.54M shares for holders
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November 10, 2014
16:42 EDTRAVNRaven names Steven Brazones as CFO
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