EFI has announced a $200m share repurchase programme, expected to be completed in three years. The announcement came as the company set a revenue target of $1bn and non-GAAP earnings per share of $2.30-$2.60 for FY2016.
"Industrial imaging is at an inflection point as digital printing technology is disrupting the way manufacturing has been done for decades," stated EFI CEO Guy Gecht at the company’s Investor Day at the end of last week. "We are early in this transition from analogue 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."
Further details will follow.