Raven Industries

Raven Industries
Public
Traded as NASDAQ: RAVN
S&P 600 Component
Industry Aerospace and defense
agriculture
Founded February 11, 1956
Sioux Falls, South Dakota, US
Founder J.R. Smith
Ed Yost
Duwayne Thon
Joseph Kaliszewki
Headquarters Sioux Falls, South Dakota, US
Area served
 Worldwide
Key people
 Daniel A. Rykhus, President & CEO
Steven Brazones, CFO
Revenue Decrease US$ 378M (2015)[1]
Decrease US$ 44M (2015)[1]
Decrease US$ 32M (2015)[1]
Total assets Increase US$ 363M (2015)[1]
Total equity Increase US$ 305M (2015)[1]
Subsidiaries Applied Technology
Engineered Films
Raven Aerostar.
Website Raven Industries

Raven Industries (NASDAQ: RAVN) is a U.S manufacturer of precision agriculture products, high-altitude balloons, plastic film and sheeting, and radar systems. The company is headquartered in Sioux Falls, South Dakota.

History

Established in 1956 to make high-altitude balloons, Raven was launched by a group of General Mills employees, including General Mills High Altitude Research division employee Ed Yost.[2][3] Yost claimed to pick Sioux Falls for its favorable wind conditions.[2] After its establishment, the company's product offerings expanded to include items such as commercial and recreational hot air balloons, electronics manufacturing, large plastic storage containers for use in agriculture, pickup toppers, and winter outerwear. However, in recent years, the company has streamlined its operations, closing a number of its divisions and selling subsidiaries to reduce the company to its precision agriculture, engineered films, and Aerostar divisions. The U.S. military and other government agencies are among its clients, and besides the U.S. Department of Defense, Raven Industries has other big name customers such as Google.[4]

Products

References

  1. 1 2 3 4 5 "Raven Industries, Inc. 10-K".
  2. 1 2 "Raven Industries, Inc. - Company Profile, Information, Business Description, History, Background Information on Raven Industries, Inc". referenceforbusiness.com. Retrieved October 4, 2018.
  3. ↑ RAVN profile Yahoo Finance
  4. ↑ "Archived copy". Archived from the original on 2015-01-02. Retrieved 2015-01-03.

Further reading

  • 'CEO Interview: Raven Industries,' Wall Street Transcript, October 24, 1994.Meyer, Harvey
  • 'Underdog: A Military Contractor Spreads Its Wings,' Journal of Business Strategy, September 19, 1997.
  • Palmer, Jay, 'Raven Industries Enjoys Ballooning Business,' Barron's, August 17, 1992, p. 14.
  • 'Raven Industries,' Implement and Tractor, January 11, 1996.'Raven Industries Acquires Norcore Plastics, Tank & Technology,' Composite News, February 10, 1997.
  • 'Raven Industries Outlook,' Dow Jones News Service, August 12, 1983.'Raven Industries Sees Net Up Strongly in 4th Quarter,' Dow Jones News Service, November 25, 1983.
  • Slovak, Julianne, 'Raven Industries,' Fortune, May 21, 1990.
  • 'Raven Aerostar News,' http://ravenaerostar.com/news.


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