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News Breaks
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.
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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