Industry News

EFI Reports Q4 2008 Results

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By: DAVID SAVASTANO

Editor, Ink World Magazine

EFI announced its results for the fourth quarter of 2008. For the quarter ended Dec. 31, 2008, the company reported revenues of $135.3 million, compared to fourth quarter 2007 revenues of $152 million. The company also announced that in the fourth quarter of 2008, it will recognize a non-cash charge currently estimated in the range of $100 million to $130 million related to the impairment of goodwill and long-lived assets.       Non-GAAP net income was $41.2 million or $0.73 per diluted share...

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