Raven Industries Reports Fourth Quarter And Fiscal 2010 Results
"Raven will continue to find good opportunities to grow with new products and geographic expansion. For example, we see significant growth potential in international markets due to increasing adoption of precision agriculture. Electronic Systems continues to generate strong cash flows as we selectively build our customer base. Engineered Films is well positioned with its expanding product offerings and stronger sales coverage. Aerostar is proving itself as an innovative producer and designer of unmanned lighter-than-air vehicles for surveillance and communications. All in all, we're off to a good start to get back on our growth track," he concluded.
About Raven Industries, Inc.
Raven is an industrial manufacturer that provides electronic precision-agriculture products, reinforced plastic sheeting, electronics manufacturing services, and specialty aerostats and sewn products to niche markets.
Conference Call InformationRaven has scheduled a conference call today at 3:00 p.m. Eastern Time to discuss its year-end and fourth quarter performance, and provide an outlook for the current year. Interested investors are invited to listen to the call by visiting the company's Web site at www.ravenind.com several minutes before the call to download the necessary software. In addition, a taped rebroadcast will be available beginning one hour after the call ends, and will continue through March 18, 2010. To access the rebroadcast, dial 888-203-1112 and enter this passcode: 6974145. A replay of the call will also be available at www.ravenind.com for 90 days. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the expectations, beliefs, intentions or strategies regarding the future. Without limiting the foregoing, the words "anticipates," "believes," "expects," "intends," "may," "plans," and similar expressions are intended to identify forward-looking statements. The company intends that all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act. Although management believes that the expectations reflected in forward-looking statements are based on reasonable assumptions, there is no assurance these assumptions are correct or that these expectations will be achieved. Assumptions involve important risks and uncertainties that could significantly affect results in the future. These risks and uncertainties include, but are not limited to, those relating to weather conditions and commodity prices, which could affect sales and profitability in some of the company's primary markets, such as agriculture, construction and oil and gas drilling; or changes in competition, raw material availability, technology or relationships with the company's largest customers—any of which could adversely affect any of the company's product lines—as well as other risks described in the company's 10-K under Item 1A. This list is not exhaustive, and the company does not have an obligation to revise any forward-looking statements to reflect events or circumstances after the date these statements are made.
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