Cadence, Inc. Celebrates Grand Opening of Sturgeon Bay Facility

Cadence, Inc.’s Sturgeon Bay facility celebrated its grand opening of the new 63,000-square-foot facility with a ribbon-cutting ceremony on July 26. The new building nearly triples the footprint of the previous facility and enables increased production capacity of the team’s core capabilities in precision and microstamping, multi-slide forming, injection and insert molding, and automated assembly. “I am truly honored and proud to be here today as we celebrate the grand opening of our beautiful new facility,” said Sandy Sekadlo, VP of Manufacturing for Cadence Wis. “This facility not only benefits Cadence, our employees and customers, but it also benefits the entire community of Sturgeon Bay. We are excited to grow this business and anticipate adding to our workforce over the next few years.” Submitted.

Cadence, Inc. announced unaudited results for the first six months of 2016 including a five percent increase in revenue compared to 2015 to $45.3 million. Earnings per share declined four percent over prior year to $1.52 per share. Earnings before interest, taxes, depreciation and amortization (EBITDA) was flat at $7.4 million.

“Q2 of 2016 was a bit softer than Q1 with revenue down three percent compared to Q1,” said Ken Cleveland, CFO. “Earnings growth continues to lag revenue growth as we continue to invest in a number of our facilities for future growth.”

Cadence, Inc. recently moved into a new facility at the Sturgeon Bay Industrial Park at 1425 S. Neenah Ave., Sturgeon Bay.