Contract manufacturer Cadence Inc. posted double-digit increases to the top and bottom lines last year, the Staunton, Va.-based company said today.
Privately held Cadence reported profits of $6.2 million, or $3.66 per share, on sales of $88.4 million in 2015, for profit growth of 20.3% on sales growth of 16.8% compared with 2014.
“2015 was another record year for Cadence in revenue and earnings,” CFO Ken Cleveland said in prepared remarks. “Revenue in the 4th quarter was a record $22.9 million and profitability was improved, leading to good year-over-year financial results.”
