Raven Industries (RAVN) Reports In-Line Q2 EPS

Raven Industries (NASDAQ: RAVN) reported Q2 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $86.6 million versus the consensus estimate of $82 million.

Fiscal 2018 Outlook: “We are very pleased with the progress made and performance achieved by all three divisions throughout the first half of the year,” said Dan Rykhus, President and CEO. “The Company delivered strong growth in sales and operating income. Year-over-year comparisons are getting progressively more challenging and will continue to do so through the remainder the year. However, we believe we are on track to deliver meaningful growth in revenues and operating income in fiscal year 2018. We remain focused on innovation in our core products and outstanding service to our end-markets, while also making strategic acquisitions, such as CLI, to supplement our organic growth strategy.”

For earnings history and earnings-related data on Raven Industries (RAVN) click here.

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