Business Description
Raven Industries, Inc. was incorporated in February 1956 under the laws of
the State of South Dakota and began operations later that same year. The Company
is a diversified technology company providing a variety of products to customers
within the industrial, agricultural, geomembrane (which includes energy), construction,
and aerospace/defense markets. The Company markets its products around the world
and has its principal operations in the United States of America. Raven began
operations as a manufacturer of high-altitude research balloons before diversifying
into product lines that extended from technologies and production methods of
this original balloon business. The Company employs 941 people and is headquartered
at 205 E. Sixth Street, Sioux Falls, SD 57104 - telephone (605) 336-2750. The
Companys Internet address is http://www.ravenind.com and its common stock trades
on the NASDAQ Global Select Market under the ticker symbol RAVN.
The Company has three unique operating units, or divisions, that are also its
reportable segments: Applied Technology Division (Applied Technology), Engineered
Films Division (Engineered Films), and Aerostar Division (Aerostar). Product
lines have been generally grouped in these segments based on technology, manufacturing
processes, and end-use application; however, a business segment may serve more
than one of the product markets identified above. The Company measures the profitability
performance of its segments primarily based on their operating income excluding
administrative and general expenses. Other expense and income taxes are not
allocated to individual operating segments, and assets not identifiable to an
individual segment are included as corporate assets. Segment information is
reported consistent with the Companys management reporting structure.
%
15.4% 