Raven Industries (RAVN) Misses Q2 EPS by 3c
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Raven Industries Reports Second Quarter Fiscal 2016 Results
August 20, 2015 8:02 AM EDTSIOUX FALLS, S.D., Aug. 20, 2015 (GLOBE NEWSWIRE) -- Raven Industries, Inc. (NASDAQ: RAVN) today reported financial results for the second quarter that ended July 31, 2015.
Noteworthy Items:
Challenging end-market conditions persisted and particularly impacted Applied Technology and Engineered Films sales development in the second quarter; Awarded a $6 million aerostat contract by the Department of Defense during the quarter for the delivery of two full systems and support this fiscal year; Cost savings from the Company's previously announced restructuring, together with ongoing cost controls and attrition management, are... More