FOSTER CITY, Calif.--Sept. 6, 2005-- EFI, the world leader in digital imaging and print management solutions for commercial and enterprise printing, today updated its outlook for the quarter ending September 30, 2005.
Based on preliminary estimates, EFI currently expects third quarter revenues in the range of $137 million to $139 million and pro forma diluted earnings of $0.30 to $0.32 per share. Third quarter GAAP net income, which excludes the amortization of intangibles related to acquisitions and stock based compensation expense, is estimated to be $0.21 to $0.23 per diluted share.
The company previously provided third quarter guidance on July 20, 2005 of revenues in the range of $126 million to $128 million, pro forma diluted earnings of $0.21 to $0.23 per share and GAAP net income of $0.11 to $0.13 per diluted share.
"Our customers are responding very positively to our new offerings, which are delivering on our promise to improve our customers' profitability and competitiveness. We are seeing strong demand across our product lineup, with the performance of the Fiery controller business primarily responsible for the increase in the current quarter outlook," said Guy Gecht, Chief Executive Officer of EFI. "While it is still very early to give precise guidance for our December quarter, given the current product demand, we believe the existing outlook for the fourth quarter is also conservative. We are currently expecting that fourth quarter results will match the anticipated third quarter revenue and profitability."
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.