National Instruments Corporation Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for the First Quarter Ending March 31, 2016
For the year, the company reported total net sales of $1,225,456,000, operating income of $137,171,000, income before income taxes of $131,278,000, net income of $95,262,000 or $0.74 per diluted share, net cash provided by operating activities of $162,732,000, capital expenditures of $33,984,000, additions to other intangibles of $2,811,000, non-GAAP operating income of $179,559,000, non-GAAP income before income taxes of $178,319,000, non-GAAP net income of $128,304,000 or $1.00 per diluted share EBITDA of $204,269,000 or $1.67 per diluted share compared to the 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 $213,216,000 or $1.67 per diluted share for the previous year.
For the first quarter ending March 31, 2016, the company expects revenue to be in the range of $290 million to $320 million. The company currently expects that GAAP fully diluted EPS will be in the range of $0.09 to $0.21 for first quarter, with non-GAAP fully diluted EPS expected to be in the range of $0.17 to $0.29. In first quarter, it currently expects its non-GAAP effective tax rate to be approximately 21%.