Electronics For Imaging, Inc. (EFI) will make a number of financial announcements today at its Investor Day:
• The company set a revenue target of $1 Billion and non-GAAP earnings per share of $2.30-$2.60 for FY2016.
• Announced a $200 million share repurchase program, expected to be completed in three years.
"Industrial imaging is at an inflection point as digital printing technology is disrupting the way manufacturing has been done for decades," stated Guy Gecht, EFI's CEO. "We are early in this transition from analog to digital technology, with EFI's unique portfolio allowing us to capture more of an expanding market. Our deep commitment to continue developing innovative products that make our customers more competitive only furthers our confidence in the financial targets we have provided today."