Raven Industries, Inc.
Raven was founded in Sioux Falls, SD, in 1956 as a designer and manufacturer of high-altitude research balloons for the American space program to help solve the great challenges related to space exploration. From that single product line, we grew into a successful and highly diversified technology company. Today, our purpose to Solve Great Challenges is bold and authentic; it keeps us grounded in markets that have meaning, provide profitable growth, and align with our values. We are focused on these Great Challenges: Feeding a growing population by improving agricultural efficiency around the world. Protecting our natural resources. Saving and improving lives through advanced situational awareness. Connecting the world.
Company details
Find locations served, office locations , manufacturers and our distributors
- Business Type:
- Manufacturer
- Industry Type:
- Agriculture - Agriculture Science and Research
- Market Focus:
- Internationally (various countries)
This company also provides solutions for other industrial applications.
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The Raven Way
Raven is a technology company that creates innovative solutions to great challenges. Utilizing our strength in engineering, manufacturing, and technological innovation, Raven is a leader in precision agriculture, high performance specialty films, and situational awareness markets.
Our Purpose
WE SOLVE GREAT CHALLENGES
At Raven, we aspire to Solve Great Challenges. This is our role in the world and why we exist as an organization. Our purpose is bold and authentic; it keeps us grounded in markets that have meaning, provide profitable growth, and align with our values.
Raven is comprised of three distinct business units, yet we are one unified and integrated company. Those qualities helped bring us to where we are today and will guide us in the future. We maintain a cohesion and unity at all levels by sharing a common purpose and core values. Our purpose, to solve great challenges, is what we aspire to do in a broad, enduring sense. This purpose has been evident since the start of our company when our founders set out to design and build high altitude research solutions for the emerging challenges of understanding space and our universe — and it drives us still today.
PUTTING IT INTO PRACTICE
What does this mean to our important constituencies: our team members, our customers, our communities, and our shareholders?
For our team members, we take pride in what we do and have the opportunity to grow in our jobs. We care about our team members’ health and well-being by providing a safe work environment and encouraging a healthy lifestyle. Above all we aim to:
- Be fair and honest with team members
- Provide them with meaningful, challenging work
- Inspire and equip each team member to perform at their peak
For our customers, we deliver product value and outstanding customer service. Customers can count on us to deliver on our promises.
For our communities, we are a good corporate citizen, whether supporting local causes or reaching out to places in need. We do the right things in terms of health and safety, and we support the communities with our time, money, and leadership. Raven strives to be known as a socially responsible corporation.
For our shareholders, we are a company that lives up to its commitments and outperforms the competition and the market over the long run. Our shareholders expect us to make sound, sustainable financial decisions and to never forget to treat their money as if it were our own — and that is what we do. Raven shareholders can trust our statements and the integrity of our financial reports.
Our Vision + Values
OUR VISION
Raven realizes our purpose by developing innovative solutions to great challenges related to the markets we understand and serve. Today, those solutions are focused on feeding and connecting the growing world population, preserving natural resources, and answering the growing need for security. This is our vision for our future.
- Raven will positively impact our world through highly innovative technology that grows more food, protects the environment, preserves and enhances customer investments, connects the world, and improves lives.
- Raven team members will be given the opportunity to succeed in a highly challenging and rewarding work environment.
- Raven will support the communities in which we operate with time, energy, and resources.
- Raven will build a sustainable company that focuses on long-term growth and doing the right thing.
- Raven will provide value to our customers with high quality solutions that contribute to their overall success.
- Raven will serve our shareholders with sustainable growth and returns.
OUR VALUES
At Raven, team members embrace and strive to uphold our values each day. These long-held principles have guided the company for decades, from the strategic development of our business to the daily actions of our team members.
- Integrity: Honest, reliable and steadfast
- Authenticity: Genuine and trustworthy
- Courage: Willing to stand up for what is right
- Drive: Bold and thoughtful action with a clear sense of purpose
- Humility: Embraces ongoing improvement and empowers others to succeed
- Service: Proactively meeting the needs of others
Our Strategy
BUSINESS MODEL
The Raven business model is our platform for success. It is defensible and sustainable, and it gives us an opportunity for strong financial returns.
- We intentionally serve market segments with strong growth prospects in both the near and long term. Our disciplined approach to serving fundamentally strong markets ensures a crisp focus for the organization.
- We serve a set of diversified markets. Maintaining a portfolio of businesses that share a common purpose but serve different markets provides balance, opportunity, and risk mitigation to the organization.
- We consistently manage a pipeline of growth initiatives within our market segments. Diversity within this pipeline ensures a steady stream of growth opportunities for the corporation.
- We invest in continuous improvement, encouraging continued advancements in each market we serve, and focusing heavily on market-leading technologies and manufacturing capabilities.
- We value our balance sheet as a source of strength and stability. The Raven model has a proven track record of effectively putting capital to work, and strong earnings and cash flows provide funding for our growth strategy.
- We make corporate responsibility a top priority. Raven invests in our team members, our communities, and technology that can improve the world.
DIMENSIONS OF COMPETITION
It’s our strategy to aggressively compete on four Dimensions of Competition: Quality, Service, Innovation, and Peak Performance. Deeply connected to our culture and values, Raven’s four Dimensions of Competition are the foundation on which we separate our company from our competition. These are not initiatives that come and go; they are enduring values — and a testament to our commitment to continual improvement.
- Quality: Exceptional quality is built into each product at Raven. Our focus on quality connects us to our customers, ensuring growth and retention.
- Innovation: Thoughtful innovation fuels long-term organic growth within each division at Raven. As we collaborate on new ideas, our company, team members, and customers are propelled forward.
- Service: Outstanding service is essential to our success. At Raven, we create a competitive advantage by understanding, anticipating, and delivering on the needs of those around us.
- Peak Performance: Peak Performance is our commitment to prepare ourselves as individuals as well as a corporation to be our best.