Raven Industries Reports Fourth Quarter Fiscal 2020 Results
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Raven Industries (RAVN) Tops Q4 EPS by 4c, Revenues Miss
March 23, 2020 5:13 PM EDTRaven Industries (NASDAQ: RAVN) reported Q4 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $85.8 million versus the consensus estimate of $89.55 million.
Fourth Quarter Results:
Consolidated net sales for the fourth quarter of fiscal 2020 were $85.8 million, down 2.6 percent versus the fourth quarter of fiscal 2019. The year-over-year decline was driven by Engineered Films. The division experienced lower sales demand in the geomembrane market (specifically in the energy sub-market) in addition to a $4.0 million decrease in hurricane recovery film sales. The decline in Engineered Films was mostly... More
