| Income Statement for Raven Industries Inc. (RAVN) | | | | | | | Income | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Operating Revenue | 233,957 | 217,529 | 204,528 | 168,086 | 142,727 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (167,465) | (156,762) | (146,146) | (121,045) | (104,823) | | Gross Operating Profit | 66,492 | 60,767 | 58,382 | 47,041 | 37,904 | | | Selling/General/Admin Expense | (18,003) | (16,580) | (15,868) | (14,056) | (11,960) | | Research & Development | - | - | - | - | - | | EBITDA | 48,489 | 44,187 | 42,514 | 32,985 | 25,944 | | Depreciation & Amortization | (7,344) | (5,885) | (5,151) | (3,841) | (4,145) | | EBIT | 41,145 | 38,302 | 37,363 | 29,144 | 21,799 | | Interest Income | 1,079 | 535 | - | - | - | | Other Income, Net | - | - | 166 | 128 | 160 | | Total Income Avail For Interest Expense | 42,224 | 38,837 | 37,529 | 27,990 | 21,786 | | Interest Expense | - | (2) | (35) | (35) | (70) | | Pre-Tax Income | 42,224 | 38,835 | 37,494 | 27,955 | 21,716 | | Income Taxes | (14,422) | (13,394) | (13,232) | (10,064) | (7,880) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 27,802 | 25,441 | 24,262 | 17,891 | 13,836 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 27,802 | 25,441 | 24,262 | 17,891 | 13,836 | | | Normalized Income | 27,802 | 25,441 | 24,262 | 19,173 | 14,009 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (1,282) | (173) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 27,802 | 25,441 | 24,262 | 17,891 | 13,836 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Dividends Paid Per Share | 0.44 | 0.36 | 0.28 | 0.85 | 0.17 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.54 | 1.41 | 1.34 | 0.99 | 0.77 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.54 | 1.41 | 1.34 | 0.99 | 0.77 | | | Diluted EPS from Continuing Operations | 1.53 | 1.39 | 1.32 | 0.97 | 0.75 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.53 | 1.39 | 1.32 | 0.97 | 0.75 | | | |
