Consolidated net sales for fiscal 2021 were $348.4 million, down 8.9% vs. fiscal 2020. Net sales growth in Applied Technology was more than offset by declines in both Engineered Films and Aerostar.
Raven Industries has announced it is making key leadership changes as part of the Company’s continued strategy to drive greater growth and to further position the Company for long-term success.
Raven Industries has announced two advancements for its market-leading VSN Visual Guidance System, building upon the Company’s bold investment in Raven Autonomy. The latest advancements in VSN — full canopy guidance and automatic row turnaround — allow operators to cover more acres with less worry.
The company reported consolidated net sales for the first quarter of fiscal 2021 were $86.5 million, down 11.9% vs. the first quarter of fiscal 2020. All three operating divisions faced significant challenges related to the pandemic throughout the last two months in the first quarter.
Raven Industries announced today that it has completed the acquisition of majority ownership of DOT Technology Corp., a manufacturer of autonomous agriculture solutions.
Raven Industries (NASDAQ:RAVN) isn’t wasting any time in getting its recently announced strategic plan to invest in autonomous farming technology off the ground. The company announced that is has acquired Smart Ag Inc., a technology company that develops autonomous farming solutions for agriculture.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.