Published:
Raven Industries Included in Forbes 200 Best Small Companies
SIOUX FALLS, S.D., Oct. 15 /PRNewswire-FirstCall/ -- Raven Industries,
Inc. (Nasdaq: RAVN) today announced it was named to the 2008 Forbes' list of
the 200 Best Small Companies in America. Forbes ranked Raven as the 45th top
U.S. small company and 27th based on return on equity. This is the third
consecutive year Raven has made the list.
"We appreciate this honor, which reflects our company's dedication to its
customers and business strategy," said President and CEO Ronald M. Moquist.
"That strategy involves funding organic growth opportunities in our divisions
that provide strong returns on investment, closely managing expenses, and
avoiding debt. This results in strong cash flows, profitable growth, and the
ability to return at least 30 percent of our earnings to investors."
To qualify, companies must have sales between $5 million and $750 million,
and a stock price of at least $5 as of September 29. The ranking is based on
return on equity, sales and profit growth over the past 12 months and also
over five years. Forbes also compares a company's stock performance with its
industry peers. The shares of the companies on their 2007 list fell 15 percent
on average over the past year, slightly outperforming the Russell 2000.
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.
Additional information on Raven is available at http://www.ravenind.com.
SOURCE Raven Industries, Inc.
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
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