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RAVEN INDUSTRIES SEES STRONG THIRD QUARTER AND RECORD YEAR IN BOTH SALES, NET EARNINGS AND EARNINGS PER SHARE

 RAVEN INDUSTRIES SEES STRONG THIRD QUARTER AND RECORD YEAR
 IN BOTH SALES, NET EARNINGS AND EARNINGS PER SHARE
 SIOUX FALLS, S.D.., Oct. 19 /PRNewswire/ -- The management of Raven Industries, Inc. (AMEX: RAV) today announced that both sales and net earnings for its third quarter ended Oct. 31, 1992, will be up over the year-ago's strong third quarter, with increased net earnings of 10 percent or more. Management also repeated an earlier projection that results for the fiscal year ending Jan. 31, 1993, will hit record highs.
 As for the year-ago third quarter, net sales totaled $29.2 million with net income of $1.65 million, the best-performing quarter of last year, which was up from the year earlier's (fiscal 1991) third-quarter sales of $22.7 million, and net earnings of $1.35 million. For all of fiscal 1992, net sales totaled $100.6 million with net earnings of $5.3 million.
 "We will meet or exceed our financial goals for the current quarter," commented David A. Christensen, president and chief executive officer, "and management's confidence in our performance was underlined in July when the company declared a 3-for-2 stock split effective October 15 and raised Raven's cash dividend 12.5 percent." Despite this, the executive said, the company's common share price has moved slowly downward from $17 (post-split) per share in early August to $13-7/8.
 -0- 10/19/92
 /CONTACT: Arnold Thue, vice president-finance and treasurer of Raven Industries, Inc., 605-336-2750; or Dennis Waite, 312-266-7800, or Kathy Phelan, 212-661-8030, both of Financial Relations Board for Raven Industries, Inc./
 (RAV) CO: Raven Industries, Inc. ST: South Dakota IN: SU: ERP


TS -- NY086 -- 1744 10/19/92 15:14 EDT
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Publication:PR Newswire
Date:Oct 19, 1992
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