News
SIOUX FALLS, SD - Raven Industries Inc. today announced record sales and earnings for its fourth quarter and full year ended January 31. Net income for the quarter climbed 41% to $3.6 million. Total sales for the industrial manufacturer's rose 31% to $44 million.
For the past 12 months, Raven reported net earnings increased 29% to $17.9 million, and sales were up 18% to $168 million.
The company projects double-digit earnings growth in fiscal 2006.
The company's electronic systems division fourth-quarter sales were relatively flat at $12.2 million. Operating income declined 6% to $1.4 million. For fiscal 2005 division sales climbed 6% to $47 million, while operating profits fell 23%, to $4.5 million. "The ESD business model of providing low-volume, high-mix contract manufacturing services, coupled with strong customer service and engineering support, is still the most viable in this marketplace," the company said.
"Traditional Gerber viewers don't always show the actual manufactured image without time-consuming setup," said Ron Huston, founder and CEO, in a statement. "PCB Check Plot Online delivers an accurate representation of the final design in a PDF format, allowing engineers to avoid costly redesign efforts and project delays once a circuit board moves into the manufacturing phase."
The tool permits engineers to upload Gerber files to Advanced Circuits' FreeDFM.com Web site and receive feedback within minutes. The feedback highlights potential design for manufacturability problems and suggests modifications. The free service requires no commitment to order.
Check Plot Online allows engineers the opportunity to remedy potential problems before declaring their design "complete."
Advanced Circuits Check Plot Online is available through its FreeDFM.com service. Engineers can view a sample of the PDF format at www.freedfm.com/checkplot.
In a statement, president and CEO Gary Goldberg cited improvements in current and forecasted equipment sales for the additions.
Carey Gray and Jared Tucker will be based in the Dallas/Fort Worth area and will provide field support.
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