Raven Industries Reports Fourth Quarter Fiscal 2021 Results
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Raven Industries (RAVN) Misses Q4 EPS by 10c, Revenues Miss
March 22, 2021 4:34 PM EDTRaven Industries (NASDAQ: RAVN) reported Q4 EPS of $0.01, $0.10 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $80.08 million versus the consensus estimate of $88.65 million.
Consolidated net sales for the fourth quarter of fiscal 2021 were $80.1 million, down 6.6 percent versus the fourth quarter of fiscal 2020.Applied Technology generated growth in both the OEM and aftermarket channels, which was more than offset by declines in Engineered Films and Aerostar. Improved end-market fundamentals drove strong growth for Applied Technology's best-in-class ag technology solutions.In Engineered Films, the division's end-markets... More