Raven Industries Reports Second Quarter Fiscal 2022 Results
Raven Industries, Inc. ((the Company, NASDAQ:RAVN) today reported financial results for the second quarter that ended July 31, 2021.
Second Quarter Fiscal 2022 Noteworthy Items:
Company entered into an agreement to be acquired by CNH Industrial N.V. in an all-cash transaction that values the Company at approximately $2.1 billion, or $58.00 per share;
Consolidated net sales were $114.4 million, an increase of 34.3 percent versus the prior year;
Company reported diluted earnings per share of $0.19, an increase of 18.8 percent versus the prior year;
Second quarter results included $4.9 million pre-tax and $3.8 million after-tax of acquisition related expenses, or $0.10 per diluted sha
