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EFI Sets $1 Billion Revenue Target, Increases Long Term Financial Model, Announces $200 Million Share Repurchase Program

EFI Sets $1 Billion Revenue Target, Increases Long Term Financial Model,
Announces $200 Million Share Repurchase Program

Company Hosts Investor Day; Highlights Key Industry Trends Driving Business

NEW YORK, Nov. 8, 2013 (GLOBE NEWSWIRE) -- Electronics For Imaging, Inc.
(Nasdaq:EFII) a world leader in customer-focused digital printing innovation,
will make a number of financial announcements today at its Investor Day:

  *The Company set a revenue target of $1 Billion and non-GAAP earnings per
    share of $2.30-$2.60 for FY2016;
  *Announced a $200 Million share repurchase program, expected to be
    completed in 3 years.

"Industrial imaging is at an inflection point as digital printing technology
is disrupting the way manufacturing has been done for decades," stated Guy
Gecht, EFI's Chief Executive Officer."We are early in this transition from
analog 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."

The Company will provide more detail on the long term financial model and
revenue target in the live audio webcast of the event and the slide
presentation that will be made available on the Investor Relations/Events &
Presentations portion of EFI's website at http://www.efi.com.Instructions for
listening to the live audio webcast are available on the Investor Relations
portion of EFI's website.A replay of the webcast will be available online at
the aforementioned website following the conclusion of the event.

About EFI 

EFI™ (www.efi.com) is a worldwide provider of products, technology, and
services leading the transformation of analog to digital imaging.Based in
Silicon Valley with offices around the globe, the company's powerful
integrated product portfolio includes digital front-end servers; superwide,
wide-format, label, and ceramic inkjet presses and inks; production workflow,
web-to-print, and business automation software; and office, enterprise, and
mobile cloud solutions.These products allow users to produce, communicate and
share information in an easy and effective way, and enable businesses to
increase their profits, productivity, and efficiency.

Safe Harbor for Forward Looking Statements

Certain statements in this press release are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Statements
other than statements of historical fact including words such as "anticipate",
"believe", "estimate", "expect", "consider" and "plan" and statements in the
future tense are forward looking statements.The statements in this press
release that could be deemed forward-looking statements include statements
regarding EFI's strategy, plans, expectations regarding its revenue growth,
earnings per share, operating expenses, gross margin, operating margin,
product portfolio, product mix, future opportunities for EFI and its
customers, demand for and adoption of technology and products, expected
completion of its share repurchase program and any statements or assumptions
underlying any of the foregoing.

Forward-looking statements are subject to certain risks and uncertainties that
could cause our actual future results to differ materially, or cause a
material adverse impact on our results.Potential risks and uncertainties
include, but are not necessarily limited to, unforeseen expenses; the
difficulty of aligning expense levels with revenue; management's ability to
forecast revenues, expenses and earnings; any world-wide financial and
economic difficulties and downturns; adverse tax-related matters such as tax
audits, changes in our effective tax rate or new tax legislative proposals;
the unpredictability of development schedules and commercialization of
products by the leading printer manufacturers and declines or delays in demand
for our related products; changes in the mix of products sold; the uncertainty
of market acceptance of new product introductions; intense competition in each
of our businesses, including competition from products developed by EFI's
customers; challenge of managing asset levels, including inventory and
variations in inventory levels; the uncertainty of continued success in
technological advances; the challenges of obtaining timely, efficient and
quality product manufacturing and supply of components; litigation involving
intellectual property rights or other related matters; our ability to
successfully complete acquisitions and integrate acquired businesses; the
uncertainty regarding the amount and timing of future share repurchases by EFI
and the origin of funds used for such repurchases; the market prices of EFI's
common stock prior to, during and after the share repurchases; any disruptions
in our operations, the difficulty to retain employees, and additional expenses
that we may incur as a result of our relocation from the Foster City campus;
the compliance with the new requirements regarding the "conflict minerals," if
they are found to be used in our products, and any other risk factors that may
be included from time to time in the Company's SEC reports.

The statements in this press release are made as of the date of this press
release.EFI undertakes no obligation to update information contained in this
press release.For further information regarding risks and uncertainties
associated with EFI's businesses, please refer to the section entitled "Risk
Factors" in the Company's SEC filings, including, but not limited to, its
annual report on Form 10-K and its quarterly reports on Form 10-Q, copies of
which may be obtained by contacting EFI's Investor Relations Department by
phone at 650-357-3828 or by email at investor.relations@efi.com or EFI's
Investor Relations website at www.efi.com.

Use of Non-GAAP Financial Information

This press release includes a non-GAAP presentation of targeted earnings per
share for fiscal year 2016, that is adjusted to exclude certain recurring and
non-recurring costs, expenses and gains.We believe that the presentation of
non-GAAP earnings per share provides important supplemental information
regarding non-cash expenses and significant recurring and non-recurring items
that we believe are important to understanding financial and business trends
relating to our financial condition and results of operations.Non-GAAP
earnings per share is among the primary indicators used by management as a
basis for planning and forecasting future periods and by management and our
Board of Directors to determine whether our operating performance has met
specified targets and thresholds.Management uses non-GAAP earnings per share
because it believes the exclusion of the items described below, for which the
amounts and/or timing may vary significantly depending on the Company's
activities and other factors, facilitates comparability of the Company's
operating performance from period to period.We have chosen to provide this
information to investors so that they can analyze our operating results in the
same way that management does and use this information in their assessment of
our business and the valuation of our Company.

Use and Economic Substance of Non-GAAP Financial Measure

We compute non-GAAP earnings per share by adjusting GAAP earnings per share to
remove the impact of recurring amortization of acquisition-related intangibles
and stock-based compensation expense, as well as restructuring-related and
non-recurring charges and gains and the tax effect of these adjustments.Such
non-recurring charges and gains have included and may include
acquisition-related transaction expenses and the costs to integrate such
acquisitions into our business, changes in the fair value of contingent
consideration and litigation settlement charges and credits, corporate
headquarters relocation expenses, and imputed interest expense and
depreciation, net of accrued sublease income and capitalized interest related
to the sale of our corporate headquarters facility and related land.

Certain variables used in calculating non-GAAP earnings per share cannot be
accurately estimated on a forward-looking basis. Because these items will not
be known to us until a future period, we are unable to provide information
about the most directly comparable GAAP financial measure.The impact of these
excluded items will cause the non-GAAP financial measure to differ materially
from the comparable GAAP financial measure.This non-GAAP financial measure
has certain shortcomings, including but not limited to the risk and
uncertainties outlined in the Safe Harbor for Forward Looking Statements
section of this press release.

Usefulness of Non-GAAP Financial Information to Investors

The non-GAAP measure presented herein is not in accordance with or an
alternative to GAAP and may be materially different from other non-GAAP
measures, including similarly titled non-GAAP measures, used by other
companies.The presentation of this additional information should not be
considered in isolation from, as a substitute for, or superior to, earnings
per share prepared in accordance with GAAP.Non-GAAP financial measures have
limitations as they do not reflect certain items that may have a material
impact upon our reported financial results.We expect to continue to incur
expenses of a nature similar to the non-GAAP adjustments described above, and
exclusion of these items from our non-GAAP earnings per share should not be
construed as an inference that these costs are unusual, infrequent, or
non-recurring.

CONTACT: JoAnn Horne
         Market Street Partners
         Phone (415) 445-3235

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