SIOUX FALLS, S.D. (AP) — Raven Industries Inc. (RAVN) on Tuesday reported fiscal first-quarter earnings of $4 million.

The Sioux Falls, South Dakota-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 19 cents per share.

The industrial products maker posted revenue of $86.5 million in the period.

Raven Industries shares have fallen 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.48, a decline of 40% in the last 12 months.


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