National Instruments Corporation Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014; Provides Earnings Guidance for the First Quarter of 2015
For the year, the company reported total net sales of $1,243,862,000, operating income of $145,187,000, income before income taxes of $144,001,000, net income of $126,333,000 or $0.99 per diluted share, net cash provided by operating activities of $195,106,000, capital expenditures of $44,944,000, additions to other intangibles of $2,834,000, non-GAAP operating income of $187,108,000, non-GAAP income before income taxes of $186,594,000, non-GAAP net income of $155,992,000 or $1.22 per diluted share EBITDA of $213,074,000 or $1.67 per diluted share compared to the total net sales of $1,172,558,000, operating income of $98,617,000, income before income taxes of $97,168,000, net income of $80,513,000 or $0.64 per diluted share, net cash provided by operating activities of $169,479,000, capital expenditures of $47,796,000, additions to other intangibles of $5,182,000, non-GAAP operating income of $143,035,000, non-GAAP income before income taxes of $142,337,000, non-GAAP net income of $110,255,000 or $0.88 per diluted share EBITDA of $164,463,000 or $1.31 per diluted share for the previous year.
The company currently expects revenue for first quarter 2015 to be in the range of $280 million to $310 million. At the midpoint this represents 4% year on year revenue growth in USD and approximately 9% year on year revenue growth in constant currency. The company currently expect that GAAP fully diluted EPS will be in the range of $0.11 to $0.23, with non-GAAP fully diluted EPS expected to be in the range of $0.17 to $0.29.