Raven’s Blowout Quarter

Last year, I called Raven Industries ($RAVN) “the best company you’ve never heard of.” The company makes reinforced plastic, electronics, flow control devices, and balloons. I noted that shares of Raven were up more than 210-fold in 30 years.

Raven just reported earnings of 60 cents per share, 12 cents more than expectations. The stock has been up by as much as 6% today.

Raven said in today’s earnings report: “For the company overall, while quarterly growth in every division could be difficult to sustain in the year ahead, we believe that meeting our long-term target of at least 10 percent growth in earnings is possible.”

Look for the 26th-straight dividend increase sometime soon.

Posted by on March 13th, 2012 at 2:42 pm


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