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Dyeing/​Finishing/​Printing

EFI reports record full year 2016 results

The company also reported record fourth quarter revenue of US$ 266.7 million.

30th January 2017

Innovation in Textiles
 |  Fremont, CA

Clothing/​Footwear

"EFI delivered another record revenue quarter and our team's execution drove significant improvements in margins, cash flow, and earnings per share, despite the negative impact of foreign currency," said Guy Gecht, CEO of EFI. 

"As we start the New Year we are even more excited about the road ahead, especially with our upcoming introduction of the Nozomi platform targeted at digital printing for packaging."

Fourth quarter

GAAP net income was US$ 20.5 million, an increase of 99%, compared to US$ 10.3 million for the same period in 2015. Non-GAAP net income was US$ 36.3 million, up by 23%, compared to non-GAAP net income of US$ 29.4 million for the same period in 2015.

Cash flow from operating activities was US$ 65.2 million, up by 141%, compared to US$ 27.1 million during the same period in 2015.

Year results

For the year 2016, the company reported revenue of US$ 992.1 million, up by 12% year-over-year, compared to US$ 882.5 million for the same period in 2015. GAAP net income was US$ 45.5 million, an increase of 36%, compared to US$ 33.5 million for the same period in 2015.

Non-GAAP net income was US$ 116.8 million, up by 19%, compared to non-GAAP net income of US$ 97.9 million for the same period in 2015. Cash flow from operating activities was US$ 121.1 million, up by 77%, compared to US$ 68.3 million during the same period in 2015.

EFI

EFI is a leading technology company, based in Silicon Valley, and is contributing to the transformation from analogue to digital imaging.

The company develops technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a business and production workflow suite that streamlines the entire production process.

www.efi.com

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