Fourth Quarter and full year 2014 results released.
EFI CEO Guy GechtElectronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, has released its results for the fourth quarter and full year of 2014.
- Q4 2014 Revenue of $211 Million; $790 Million for the Full Year
- Non-GAAP EPS of $0.52 for Q4 2014; $1.80 for the Full Year, up 14%
- Q4 2014 Operating Cash Flow up 13% to $36M
For the quarter ended 31 December, 2014, the Company reported record revenue of $211.1 million, up 7% compared to fourth quarter 2013 revenue of $197.2 million. Non-GAAP net income was $25.1 million or $0.52 per diluted share, which included an unfavourable non-operational currency impact of $0.02 per share, compared to non-GAAP net income of $23.8 million or $0.49 per diluted share for the same period in 2013, which included a favourable non-operational currency impact of $0.01 per share. GAAP net income was $11.9 million or $0.25 per diluted share, compared to $75.2 million or $1.54 per diluted share for the same period in 2013.
For the twelve months ended 31 December, 2014, the Company reported record revenue of $790.4 million, up 9% year-over-year compared to $727.7 million for the same period in 2013. Non-GAAP net income was $87.1 million or $1.80 per diluted share, which included an unfavourable non-operational currency impact of $0.11 per share, compared to non-GAAP net income of $76.6 million or $1.58 per diluted share for the same period in 2013. GAAP net income was $33.7 million or $0.70 per diluted share, compared to $109.1 million or $2.26 per diluted share for the same period in 2013.
"Solid fourth quarter results wrapped-up another terrific year for the EFI team, delivering 9% revenue growth and a 14% increase in EPS, despite the significant negative impact of foreign exchange in the second half of the year," said Guy Gecht, CEO of EFI. "Our ongoing focus on innovation across our entire product line-up is helping our customers around the globe win new business and boost profitability. We are getting increasingly confident in delivering on our $1 billion revenue target for 2016 while hitting the higher end of our profitability range."
EFI's Investor Relations website at www.efi.com.
