Raven Industries profit up 35 percent in 2Q
Raven Industries profit up 35 percent in second quarter from higher demand
Technology manufacturer Raven Industries Inc. says its second-quarter net income rose 35 percent on strong demand for its products.
The Sioux Falls-based manufacturer makes products used in the energy, agriculture, and military surveillance industries.
The company reported income of $8.4 million, or 46 cents per share, up from $6.2 million, or 34 cents per share, during the same period last year.
Net sales rose 29 percent to $73.2 million during the quarter that ended July 31. That compared to $56.6 million during the same period last year.
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