Raven Industries Reports 4Q Results

Raven Industries Inc. reported fourth quarter results ended January 21, 2012 as increasing 46% from a year ago. Sales increased 36% year over year to $96.3 million, beating the Zacks Consensus Estimate of $78 million. The outperformance was attributable to the double-digit sales across all the segments.

Cost of sales increased 32% year over year to $68 million in the reported quarter. Selling, general and administrative expenses increased 27% year over year to $8.7 million. Operating income soared 62% year over year to $16.6 million in the quarter.

In fiscal 2012, the company said sales in 2012 saw a rise of 21% to $381.5 million from the year ago quarter of $314.7 million.