SIOUX FALLS, SD -- Raven Industries reported sales rose 11% to a record $54.1 million over the year-ago period and net income rose 32% to a record $6.9 million for its third quarter ended OCt. 31.

The company took a $820,000 after-tax writeoff of an acquisition in the prior year; excluding that, the net income grew 14%.

For the quarter, electronic systems sales were down 2% percent to $13.7 million. The division posted operating income of $1.9 million, up 18% from a year ago. Customers requested early delivery of product in the second quarter, which reduced third quarter shipments.

For the first nine months of the year, sales totaled $42.3 million, up 21% from the last year while operating income more than doubled, to $6.9 million.

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