Industry News, Ink Manufacturers News, Printers News

EFI Reports Record Third Quarter Revenue of $246M, Up 7%

For the nine months ended Sept. 30, 2016, the company reported revenue of $725.4 million, up 16%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

For the quarter ended Sept. 30, 2016, EFI reported record third quarter revenue of $245.6 million, up 7% compared to third quarter 2015 revenue of $228.7 million. GAAP net income was $17.7 million or $0.37 per diluted share, up 76%, compared to $10.3 million or $0.21 per diluted share for the same period in 2015. Non-GAAP net income was $27.6 million or $0.58 per diluted share, up 16%, compared to non-GAAP net income of $24.1 million or $0.50 per diluted share for the same period in 2015.   Fo...

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