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Cadence, Inc. First Nine Months of 2014 Results

Wednesday, November 5, 2014  
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Cadence, Inc.’s unaudited results for the first nine months of 2014 include a 37% increase in revenue compared to 2013 to $54.5 million. Net income and earnings per share increased 62% over prior year to $2.42 per share. Earnings before interest, taxes, depreciation and amortization (EBITDA) were up 32% to $11 million. 2014 results include two months from the recent acquisition announcement from Plainfield Precision Holdings of locations in Sturgeon Bay, WI, Plymouth, MA; and Santo Domingo, Dominican Republic.

“So far, the year has been one of our best.” said Ken Cleveland, CFO. “While demand in the third quarter was a little weaker than the second, 2014 has been a strong year overall. The integration of the recently acquired Plainfield locations continues and is generally going as planned. We believe the capabilities these new locations provide are key elements in our growth strategy and are pleased with the progress to date.”

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