Raven Industries Q1 Profit Declines - Quick Facts

(RTTNews) - Raven Industries Inc. (RAVN) reported that second-quarter net income attributable to the company declined to $4.19 million or $0.11 per share from $7.72 million or $0.21 per share in the prior-year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share. Analysts' estimates typically exclude special items.

Net sales for the quarter decreased 28.5 percent to $67.52 million from $94.49 million in the same quarter last year. Excluding sales from contract manufacturing, net sales were down 25.3 percent to $65.99 million.