SIOUX FALLS, S.D. (AP) — Raven Industries Inc. (RAVN) on Wednesday reported fiscal second-quarter profit of $5.8 million.
The Sioux Falls, South Dakota-based company said it had net income of 16 cents per share. Earnings, adjusted for investment costs, were 25 cents per share.
The industrial products maker posted revenue of $85.2 million in the period.
Raven Industries shares have fallen 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.33, a decrease of 12% in the last 12 months.