Cadence, Inc. Announces 2015 Unaudited Results

Cadence, Inc. announced the unaudited results for 2015 were $88.4 million – a 17 percent increase in revenue compared to 2014. Earnings per share also increased 20 percent more than the prior year, to $3.66 per share. Earnings before interest, taxes, depreciation and amortization (EBITDA) were up 11 percent to $15.8 million. 2015 results included 12 months from the acquisition of Plainfield Precision Holdings locations in Sturgeon Bay, Plymouth, Mass. and Santo Domingo, Dominican Republic completed in August 2014, compared to only five months in 2014 numbers.

“2015 was another record year for Cadence in revenue and earnings” said Ken Cleveland, CFO. “Revenue in the fourth quarter was a record $22.9 million and profitability was improved leading to good year-over-year financial results.”

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