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March 12, 2013
09:07 EDTRAVNRaven sees positive trends for Q1
Company said, "At Raven, we solve great challenges. It's this purpose that keeps us grounded in markets and opportunities that have meaning, align with our values and provide profitable growth. For the Q1, we continue to see positive trends in Applied Technology, though we face a challenging year-over-year comparison. Aerostar will again be impacted by a lack of aerostat orders. And within Engineered Films, we anticipate a challenging environment and another tough year-over-year comparison. Therefore, we do not expect to grow earnings in the Q1 of FY14. That said, one of the hallmarks of Raven's model is the ongoing investment in our business development pipeline. Looking ahead to all of 2014, the quality of our pipeline is very robust and encouraging. It is this strength that ensures our competitiveness and gives us confidence in our outlook for earnings growth for the full year." In FY14 Raven will build and nurture its business development pipeline. Management expects to see: earnings growth from new product developments for existing markets and key adjacent market expansions; Potential acquisitions that support the company's overall product and growth strategy; Capital expansions to address capacity and capabilities; and Earnings growth from further international market penetration with product lines from all three divisions.
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