Raven Industries Profit is 35% Higher

RavenTechnology manufacturer Raven Industries Inc. reported that its second-quarter net income rose up to 35% on strong demand for its products, according to Sioux Falls.

The Sioux Falls – based manufacturer makes products used in the energy, agriculture, and military surveillance industries.

The company announced about their income which consists of $8.4 million, or 46% share, up from $6.2 million, or 34% per share, during the same period last year.

Net sales rose up to 29% 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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