EFI Reports Record First Quarter Revenue For Q1 2018

Electronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, today announced its results for the first quarter of 2018.

For the quarter ended March 31, 2018, the Company reported record first quarter revenue of $239.9 million, up 5% compared to first quarter 2017 revenue of $228.7 million. GAAP net loss was $3.6 million compared to GAAP net income of $4.8 million for the same period in 2017 or $(0.08) per diluted share compared to $0.10 per diluted share for the same period in 2017. Non-GAAP net income was $17.2 million, down 33% compared to non-GAAP net income of $25.8 million for the same period in 2017 or $0.38 per diluted share, down 31% compared to $0.55 per diluted share for the same period in 2017. Cash flow from operating activities was $6.3 million compared to $14.9 million during the same period in 2017.

“We began 2018 with a very strong Q1, as our direct business*, which grew 17% and now comprises 77% of our sales, drove revenues above expectations. We also met our goals for Nozomi in Q1, and with increasing traction in the packaging market, look for sequential growth in unit shipments through the year,” said Guy Gecht, CEO of EFI. “With Nozomi and the solid lineup of new products planned for the second half of the year, the entire EFI team is excited and energized about the significant opportunities in 2018 and beyond.”
http://ir.efi.com/news-releases/news-release-details/efi-reports-record-first-quarter-revenue-q1-2018

Related Posts

AlphaGraphics Franchise Joins PRINTING United Alliance (piworld.com)

PRINTING United Alliance, the most comprehensive member-based printing and graphic arts association in North America, announces that AlphaGraphics has joined the association. AlphaGraphics is a franchised chain of 270 independently owned and operated marketing service providers with full-service print shops. The partnership was officially signed at PRINTING United Expo, taking place in Atlanta on October 18-20. For more information about Alliance membership, visit: www.printing.org/membership. The Alliance serves industry professionals with preeminent education and training through its unparalleled iLEARNING+ online learning platform; comprehensive workshops; highly-sought after research; legislative and regulatory advocacy; HR-related issues; environmental, health, and safety resources and guidance; as well as impactful content through its leading powerhouse media brands. Joining the Alliance provides AlphaGraphics franchisees across the United States with immediate access to all of these premier member programs and services.

CherryRoad Media Buys Kansas Printing Plant From Gannett (mediapost.com)

CherryRoad Media, which has been quietly acquiring newsrooms around the country, has purchased Gannett Co.’s printing operations in Hutchinson, Kansas. Gannett will still own The Hutchinson News, and that local paper will continue being printed at the Hutchinson plant. “We are pleased to have reached this agreement with CherryRoad Media,” says Doug Horne, chief financial officer at Gannett. “This transaction ensures we continue our mission of providing essential, trusted journalism to the community and that our experienced team at the Hutchinson facility will continue their good work, bringing local news to our audiences.”

LSC Communications to Close Spartanburg, S.C., Printing Plant, Impacting Over 400 Workers (piworld.com)

One of the main tenets of buying and owning real estate is location, location, location. The same can be said for the location where skilled workers live when they lose their jobs, and what new opportunities may exist for them within their local communities. So, while it's certainly bad news that on Feb. 18, 2021, LSC Communications will close its eastside Spartanburg, S.C., printing plant located at 300 Jones Rd., the job prospects — albeit in different industries— for the more than 400 workers employed at the one-time RR Donnelley operation appear, at least on the surface, to be better than what's happened elsewhere. "It is never good news to have a longtime company close, but the good news is, if it had to happen in 2021, Spartanburg is the place you want to be," Spartanburg County Councilman David Britt, chairman of the county's economic development committee, told the Spartanburg Herald-Journal following news of the impending closure. "I hate to lose one company that calls Spartanburg home because they became family, but it is a fact that the times and markets are always changing."
Back To Top
×Close search
Search