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Cadence, Inc. Has 2015 Revenue Increase

Tuesday, February 2, 2016  
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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 4th quarter was a record $22.9M and profitability was improved leading to good year-over-year financial results.”

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