This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Electronics For Imaging's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Forward-looking statements are statements of risks and uncertainties that could cause our results to vary materially or cause a materially adverse effect on our results. Please refer to the risk factors discussed in our SEC filings and the press release issued today. We do not undertake to update in light of new information or future events.

In addition, reference will be made to non-GAAP financial measures. Information regarding the reconciliation of the non-GAAP and GAAP measures can be found in the press release that is issued this afternoon on our website at the IR Section at www.efi.com. There are also slides available that corresponds to today’s comments.

I’ll now turn the call over to Guy Gecht. Guy?

Guy Gecht

Thank you, JoAnn and thank you all for joining us today. In an increasingly challenging operating environment we’re very pleased we saw Q2 2012 results. We achieved 16% the operating revenue growth for a record of $164 million, which is our tenth consecutive quarter of double-digit revenue growth.

Q2 also marks an all time record for our two high growth segment, our Industrial Inkjet business is at $80 million up 39% from year ago and Productivity Software at $25 million growing 33%. And we again achieved a record level of recording revenue at $43 million including 20% year-over-year. Our team also executed on the cost front which allowed us to deliver non-GAAP EPS of $0.30 per share which included a one-time $0.03 unfavorable non-operational currency impact. Excluding the non-operational currency impact on the other income line, we grew non-GAAP EPS 50% year-over-year. A second very positive development I would like to discuss is our announcement today that we have sold our Foster City headquarters for $180 million, a very attractive price in any economic environment and adding lastly $3 per share after-tax to EFI’s balance sheet.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,044.64 -53.81 -0.31%
S&P 500 1,997.72 -5.65 -0.28%
NASDAQ 4,587.2440 +6.9730 0.15%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs