reports
Raven Industries Awarded Prime Contract for Stratospheric Balloon Syst...
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today that (DIU) has awarded a contract to Aerostar Technical Solutions, Inc. () to provide robust high-altitude capabilities for the U.S. Department of Defense. DIU is focused on exclusively fielding and scaling commercial technology for use across the U.S. military. Through a variety of service-driven prototyping and field utility demonstration efforts, Raven Aerostar will demonstrate the utility of for a variety of DoD . The prototype project will begin with the integration of prototype communication nodes onto Rav...
Raven Industries Gives $150,000 to South Dakota Mines for New Scholars...
RAPID CITY, S.D.--(BUSINESS WIRE)-- Department of Electrical Engineering has received $150,000 from (NASDAQ:RAVN) to support the university’s new minor in avionics. The company’s is the global leader in stratospheric balloon technology, and its platforms are used for near-space applications in aerospace, defense and scientific research. The gift endows a Raven Aerostar scholarship to support students in the avionics program. It also allows the department to buy equipment for improved design, test and prototyping capabilities for high-speed electronic circuits needed in aircraft and space av...
Raven Industries Acquires Intellectual Property From Loon
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today that , the world leader in high altitude lighter-than-air technology, has acquired intellectual property (IP) and patents from Loon, LLC (formerly known as Project Loon), a subsidiary of Alphabet Inc. and the developer of an autonomous constellation of high-altitude balloons for communications. In January, the wind down of Loon. are directly related to stratospheric balloon technology, including balloon navigation, launching operations and balloon manufacturing. Raven Aerostar continues to deliver key capabilit...
Raven Industries Uses Stratospheric Balloon Technology to Monitor Wild...
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today that the company monitored major active wildfires via over the past several months, successfully demonstrating the use of stratospheric balloon technology for wildfire management. This press release features multimedia. View the full release here: A thermal camera image (left) taken at the same time as a visible camera image (right). Both images were captured by one of Raven Aerostar's Thunderhead Balloon Systems while station-seeking above and monitoring a wildfire. While billowing smoke obscures the visual imag...
Raven Industries Shareholders Approve Transaction With CNH Industrial
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced that, at a special meeting held on September 15, 2021, its shareholders voted strongly to approve the pending transaction with CNH Industrial N.V. (NYSE: CNHI / MI: CNHI). More than 71% of the outstanding shares of Raven voted, and of the shares that voted, over 99% voted in favor of the transaction with CNH Industrial. Dan Rykhus, Raven President & Chief Executive Officer, said, “We thank our shareholders for their strong support of this transaction. We look forward to working with the CNH Industrial team to close the...
Fortune and Great Place to Work® Name Raven Industries One of the 2021...
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today that Great Place to Work® and Fortune magazine have honored Raven as one of the . This is the company’s first time being named to this prestigious list, coming in at 17th place. Earning a spot means that Raven is one of the best companies to work for in the country. The Best Workplaces in Manufacturing & Production award is based on analysis of survey responses from more than 220,000 current employees. In that survey, 85% of Raven’s team members said Raven is a great place to work, versus 59% at the average U.S. ...
Raven Industries lance la technologie agricole sans conducteur avec le...
SIOUX FALLS, Dakota du Sud--(BUSINESS WIRE)-- (la Société ; NASDAQ : RAVN), leader de la , a annoncé aujourd’hui qu’elle présenterait et démontrerait la suite de technologies OMNi de la Société au salon , l’un des plus grands salons agricoles publics aux États-Unis. Au salon, Raven présentera sa technologie de pointe dans la zone Autonomie de l’événement, où la société présentera pour la première fois la solution sur les tracteurs Case IH Magnum™ et la solution telle qu’elle peut être utilisée dans le cadre de missions autonomes. Le public pourra découvrir les solutions OMNi du 31 août au 2...
Raven Industries Debuts Driverless Ag Technology on Case IH Magnum™ at...
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN), the leader in , announced today it will showcase and demonstrate the company’s OMNi suite of technology at , one of the largest public farm shows in the United States. At the show, Raven will feature its industry-leading technology in the event’s Autonomy Zone, where the company will debut on Case IH Magnum™ and showcase performing autonomous missions. The public can experience OMNi August 31 through September 2, 2021, from 8:00 a.m. – 5:00 p.m. daily. This press release features multimedia. View the full release here: OMNiDRI...
Raven Industries Reports Second Quarter Fiscal 2022 Results
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) today reported financial results for the second quarter that ended July 31, 2021. Second Quarter Fiscal 2022 Noteworthy Items: Company entered into an agreement to be acquired by CNH Industrial N.V. in an all-cash transaction that values the Company at approximately $2.1 billion, or $58.00 per share; Consolidated net sales were $114.4 million, an increase of 34.3 percent versus the prior year; Company reported diluted earnings per share of $0.19, an increase of 18.8 percent versus the prior year; Second quarter results i...
CNH Industrial to Acquire Raven Industries, Enhancing Precision Agricu...
LONDON & SIOUX FALLS, S.D.--(BUSINESS WIRE)-- CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that it has entered into an agreement to acquire 100% of the capital stock of Raven Industries, Inc. (NASDAQ: RAVN), a US-based leader in precision agriculture technology for US$58 per share, representing a 33.6% premium to the Raven Industries 4-week volume-weighted average stock price, and US$2.1 billion Enterprise Value. The transaction will be funded with available cash on hand of CNH Industrial. Closing is expected to occur in the fourth quarter of 2021, subject to the satisfaction of...
Raven fournit la plateforme OMNiPOWER™ à la première entreprise agrico...
SIOUX FALLS, Dakota du Sud--(BUSINESS WIRE)-- (la société ; NASDAQ : RAVN), leader en technologie agricole autonome, a annoncé aujourd’hui l’achat d’une deuxième plateforme par Haggerty AgRobotics. La technologie d’agriculture et de précision sans conducteur de Raven fournit des solutions à fort impact pour les exploitations agricoles locales et entrepreneuriales, à l’heure où les pénuries de main-d’œuvre ne cessent de s’accentuer dans le secteur agricole. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : The second OMNiPOWER platform will allow Hagg...
Raven Provides OMNiPOWER™ Platform for World’s First OMNi Farm Enterpr...
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN), the leader in autonomous agriculture technology, announced today the purchase of a second platform by Haggerty AgRobotics. Raven’s driverless ag and precision technology deliver impactful solutions for local and enterprise farms as the agriculture industry’s labor shortages continue to grow. This press release features multimedia. View the full release here: The second OMNiPOWER platform will allow Haggerty AgRobotics to lead the industry as one of the first customers to implement a real-world fleet of autonomous machines. Hagg...
Raven Industries Reports Strong First Quarter Fiscal 2022 Results
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- Raven Industries, Inc. (the Company; NASDAQ:RAVN) today reported financial results for the first quarter that ended April 30, 2021. First Quarter Fiscal 2022 Noteworthy Items: Consolidated net sales were $112.5 million, an increase of 30.0 percent versus the prior year; Company reported diluted earnings per share of $0.26, an increase of $0.15 or 136 percent versus the prior year; Applied Technology generated record quarterly revenue of $54.9 million, an increase of 30.6 percent versus the prior year, driven by significant growth in both the OEM and ...
Raven Industries lance la marque OMNi
SIOUX FALLS, Dakota du Sud--(BUSINESS WIRE)-- (la Société ; NASDAQ : RAVN), leader en technologies pour l’agriculture, a annoncé aujourd’hui le lancement de sa nouvelle marque de produits et plateforme de culture autonome, . Cette nouvelle marque de produits souligne les avancées de Raven en matière de solutions autonomes pour l’agriculture, à travers une offre stratégique incluant deux produits intégrés : et . Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : Le nom OMNi (qui signifie « tout ») occupera le devant de la scène chez Raven. « La valori...
Raven Industries Launches the OMNi Brand
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) a leader in agriculture technology, announced today the launch of its new product brand and autonomous growth platform, . This new product brand highlights Raven’s advancements in autonomous solutions for agriculture with a strategic offering of two integrated products: and . This press release features multimedia. View the full release here: The OMNi name (meaning "all") will take center stage within Raven. “Empowering ‘all’ is exactly what OMNiPOWER™ and OMNiDRIVE™ bring to the agriculture industry. enables holistic, hands-f...
Raven Industries Acquires Intellectual Property Portfolio of Jaybridge...
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN), a leader in agriculture technology, announced today that it has purchased all of the intellectual property (IP) and patents of Jaybridge Robotics, an early developer of automated agriculture technology. Jaybridge’s unique IP portfolio includes significant and critical patents for technology directly related to path-planning, obstacle detection and avoidance, and multi-machine control systems. Raven will leverage this IP portfolio with the Company’s continued development of Driverless Ag Technology — including integration of the...
Raven Industries Reports Fourth Quarter Fiscal 2021 Results
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) today reported financial results for the fourth quarter that ended January 31, 2021. Fourth Quarter Fiscal 2021 Noteworthy Items: Net sales in Applied Technology increased 6 percent versus the prior year on a reported basis; Company invested $4.4 million, or $0.09 per share after-tax, primarily in research and development activities, to advance Raven Autonomy™; Both Applied Technology and Engineered Films generated strong customer order activity as the divisions' industry-leading technology and improving market conditions ...
Raven Industries Announces Conference Call to Discuss Fiscal Year 2021...
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today that it will issue its fiscal fourth-quarter 2021 results after market close on Monday, March 22, 2021. Following the release, the Company will host an investor conference call on Tuesday, March 23, 2021 at 8:30 a.m. Central Time. To join the conference call, please dial +1 (866) 393-0676. Alternatively, the call may be accessed through the Investor Relations section of the company’s website at . For those unable to listen live, an audio replay of the event will be archived on the Company’s website. About Raven ...
Raven Industries Launches Integrated Dispatch Program for Ag Retailers
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today the release of . This comprehensive program provides ag retailers and enterprise farms with a fast and flexible solution for all dispatching tasks. Dispatch Pro extends so users can , and control dispatching all in one location. This press release features multimedia. View the full release here: Dispatch Pro™ by Raven is the solution for ag retailers and enterprise farmers to have control over their fleets to make real-time dispatching decisions. (Graphic: Business Wire) “The agriculture industry has some of the...
Operation Weed Eradication Adds New Coalition Member
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- (NASDAQ:RAVN) has joined BASF and AGCO as the newest coalition member to support farmers in their weed control efforts. Operation Weed Eradication is an industry-wide mission to enlist tough-minded farmers and industry leaders to take the approach that the last weed standing is the strongest, most capable and most genetically resistant weed on the farm. This press release features multimedia. View the full release here: Operation Weed Eradication: It's time to approach weeds differently. (Photo: Business Wire) delivers impactful technology to ...
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