Document

0000082166-21-000018.txt : 20210319 0000082166-21-000018.hdr.sgml : 20210319 20210208092943 ACCESSION NUMBER: 0000082166-21-000018 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20210208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAVEN INDUSTRIES INC CENTRAL INDEX KEY: 0000082166 STANDARD INDUSTRIAL CLASSIFICATION: UNSUPPORTED PLASTICS FILM & SHEET [3081] IRS NUMBER: 460246171 STATE OF INCORPORATION: SD FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 205 E 6TH ST STREET 2: PO BOX 5107 CITY: SIOUX FALLS STATE: SD ZIP: 57117 BUSINESS PHONE: 6053362750 MAIL ADDRESS: STREET 1: P O BOX 5107 CITY: SIOUX FALLS STATE: SD ZIP: 57117-5107 CORRESP 1 filename1.htm Document

February 8, 2021

Ms. SiSi Cheng

Securities and Exchange Commission

Division of Corporation Finance

Office of Manufacturing

100 F Street, N.E

Washington, D.C. 20549

Re: RAVEN INDUSTRIES INC

Form 10-K For the Year Ended December 31, 2019 Filed March 26, 2020

Form 8-K Filed November 24, 2020

File No. 001-07982

Dear Ms. SiSi Cheng

This letter is a response on behalf of Raven Industries, Inc. (the Company) to your follow-up comment letter to the undersigned dated February 3, 2021 with respects to the filings listed above. Please note that while your letter indicated that it was related to the Company’s Form 10-K for the year ended December 31, 2019, our fiscal year ends on January 31.

To facilitate your review, we have included in this letter your original comments (in bold) followed by our responses.

Form 8-K Filed November 24, 2020

Exhibit 99.1

1. We note your discussion of free cash flow on the first page of your earnings release. Please revise your disclosure to also discuss the most directly comparable GAAP measure with equal or greater prominence. Refer to Item 10(e)(1)(i)(A) of Regulation S-K and Question 102.10 of the staff’s Compliance and Disclosure Interpretations on Non-GAAP Financial Measures. In addition, please provide a reconciliation of free cash flow to the most directly comparable GAAP measure, cash provided by operating activities.

Going forward, the Company will update our title of the non-GAAP measure “free cash flow” to be “adjusted free cash flow” to avoid any potential confusion. Thank you for your consideration of our responses to the comment letter. Please contact me at (605) 335-2750 if you have any questions or further comments.


Sincerely,

/s/ Steven E. Brazones
Steven E. Brazones
Vice President and Chief Financial Officer

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