Raven Industries, Inc. (Nasdaq:RAVN) today reported financial results for the fourth quarter that ended January 31, 2015.
Successfully completed the strategic acquisition and integration of Integra Plastics;
Engineered Films legacy business was particularly strong in the quarter, leading to divisional operating income increasing 37 percent year-over-year;
Aerostar's focus on proprietary product lines led to operating margin reaching 17.6 percent and operating income increasing 85 percent year-over-year;
Applied Technology continued to experience challenging end-market conditions and these conditions are expected to persist at least until the end of fiscal 2016; and
Company takes additional restructuring actions to address the weak end-market conditions, $13 million of additional annualized cost reductions is expected.
Fourth Quarter Results:
Net sales for the fourth quarter of 2015 were $89.9 million, down 3.0 percent versus the fourth quarter of 2014.
First Esurance reached out to recently laid-off call center workers at WOW! Internet, Cable & Phone, now another call center is hoping they'll apply.
Wellmark Blue Cross and Blue Shield of South Dakota and Iowa is hiring an new customer service team for it's Sioux Falls office.
It's looking for 20 employees at its location at 1601 W.
When you watch Macy's Thanksgiving Day Parade tomorrow, be sure to look for the six balloons made right here in Sioux Falls.
Raven Industries, Inc. (Nasdaq:RAVN) today reported sales and earnings for its fiscal third quarter ended October 31, 2014.
Daktronics is making a splash in Sin City.
A South Dakota company that has cast nearly half of the presidential sculptures on display in Rapid City is going out of business.
Raven Industries, Inc. (Nasdaq:RAVN) today announced that Steven E. Brazones, 41, will join the company as its Chief Financial Officer (CFO), effective December 1, 2014. Brazones succeeds Thomas Iacarella, 60, who will remain with the company and work with Brazones to ensure a smooth transition.
Raven Industries will be prominently featured in this year’s Macy’s Thanksgiving Day Parade.
Raven Industries Engineered Films Division has acquired Integra Plastics, Inc. for $48 million in cash and stock. Integra, which is located in Madison, South Dakota, specializes in the manufacturing and conversion of high-quality plastic film and sheeting.
The state of South Dakota is recognizing manufacturers this week, and officials in Aberdeen are doing the same.
Brookings is seeing a big boom in industry today. 3M Company will invest $60 million in a 44,000-square-foot addition and create 60 new jobs.
The Brookings Mini Babybel cheese plant will hold its ribbon cutting ceremony this Friday. The $140 million cheese plant will produce 1.5 million Mini Babybels per day and employ 250 people.
Counterpart, Inc. of Brookings has completed a 30,000-square-foot expansion of its manufacturing plant.
Receive notification via e-mail of the latest KELO Business posts. Subscribe by Industry or receive all articles, you choose. Log in to your uShare account to subscribe.