Cadence Inc. announced unaudited results for 2015 including a 17% increase in revenue compared to 2014 to $88.4 million.
Earnings per share also increased 20% over prior year to $3.66 per share. Earnings before interest, taxes, depreciation and amortization (EBITDA) were up 11% to $15.8 million. 2015 results included 12 months from the acquisition of Plainfield Precision Holdings locations in Sturgeon Bay, WI, Plymouth, MA; and Santo Domingo, Dominican Republic completed in August 2014 compared to only 5 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 $22.9M and profitability was improved leading to good year-over-year financial results.”
About Cadence Inc.
Cadence, Inc. is a leading supplier of advanced products, technologies and services to medical device, life science, automotive, and industrial companies worldwide. Cadence develops solutions-oriented relationships with customers and provides highly technical solutions that enable improved product performance in clearly measurable ways. Cadence employs more than 475 people worldwide with headquarters in Staunton, VA and other locations in Cranston, RI, Pittsburgh, PA, Sturgeon Bay, WI, Plymouth, MA, and the Dominican Republic. More information on Cadence can be found at www.cadenceinc.com.
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