Yahoo Finance Raven Industries - Financial Discussion

Here’s some information about Raven Industries, formatted for HTML and written in US English: Raven Industries was acquired by CNH Industrial in November 2021, and is no longer a publicly traded company. Information you find on Yahoo Finance now primarily reflects historical data regarding the stock (formerly RAVN) before its acquisition. With that context, here’s a look at Raven Industries and its key areas of business before the acquisition: Raven Industries, headquartered in Sioux Falls, South Dakota, operated primarily in the precision agriculture, engineered films, and aerostar sectors. While these seemingly disparate areas might appear unrelated on the surface, Raven brought a technology-driven approach to each, leveraging its engineering expertise to develop innovative solutions. * **Raven Applied Technology (Precision Agriculture):** This segment was perhaps the best-known aspect of Raven’s business, and ultimately, a significant driver behind the acquisition by CNH Industrial. Raven developed and manufactured technology that improved farming efficiency, reduced input costs, and enhanced yields. Their product portfolio included guidance and steering systems, application controls (spraying, spreading), planter and seeder controls, and data management software. These technologies enabled farmers to precisely apply inputs like fertilizer and pesticides, minimizing waste and environmental impact while maximizing crop productivity. A key part of their offering was Raven Autonomy, focused on developing autonomous solutions for farm equipment. This technology automates farming tasks, reducing the need for skilled labor and improving operational efficiency. * **Raven Engineered Films:** This segment produced high-performance plastic films and sheeting solutions for a variety of applications. Key markets included agriculture (grain storage, silage covers), construction (vapor barriers, geomembranes), and industrial applications (protective liners, containment systems). Raven’s engineered films provided solutions for containment, protection, and reinforcement in diverse settings, often focusing on durable and specialized materials. * **Raven Aerostar:** Raven Aerostar specialized in stratospheric balloons and radar systems. Their high-altitude balloons, known as stratospheric balloons, are used for a variety of purposes, including scientific research, communications relay, and surveillance. The radar segment focused on developing and manufacturing radar systems for defense and security applications. Prior to the acquisition, Raven Industries’ financial performance was generally considered solid, although cyclical trends within the agricultural sector could influence revenue in the Applied Technology segment. Investors tracked metrics such as revenue growth, profitability margins, and order backlog to assess the company’s overall health. The company invested heavily in research and development to maintain its technological edge in each of its core business areas. CNH Industrial acquired Raven Industries to strengthen its precision agriculture capabilities. By integrating Raven’s technology, CNH Industrial aimed to offer more advanced and integrated precision farming solutions to its customers. The acquisition reflects the growing importance of technology in agriculture and the desire of large agricultural equipment manufacturers to offer complete solutions that optimize farming operations. The Raven brand and expertise are now part of CNH Industrial’s portfolio, further developing the company’s tech offerings.