EVERTZ TECHNOLOGIES LTD - EVTZF STOCK NEWS

Evertz Technologies (TSX: ET) reported its Q1 2025 results for the quarter ended July 31, 2024. Key highlights include:

• Revenue of $111.6 million, down from $125.8 million in Q1 2024
• Reoccurring software, services and other software revenue increased by 26% to $55.9 million
• Net earnings of $9.7 million, compared to $15.9 million in Q1 2024
• Fully diluted EPS of $0.13, down from $0.20 in Q1 2024
• Gross margin improved to 59.4% from 57.3% year-over-year
• Cash and cash equivalents increased to $91.0 million
• Purchase order backlog exceeded $302 million at the end of August 2024
• Quarterly dividend of $0.195 per share declared

Evertz Technologies (TSX: ET) has announced that it will release its first quarter 2025 financial results on September 11, 2024 at approximately 4:00 p.m. EDT. The company will hold a conference call with financial analysts to discuss the results on the same day at 5:00 p.m. EDT. Media and other interested parties are invited to join the call in listen-only mode.

The conference call can be accessed by dialing 289-514-5100 or Toll-Free (North America) 1-800-717-1738. For those unable to listen live, a rebroadcast will be available until October 11, 2024, accessible at 289-819-1325 or Toll-Free 1-888-660-6264 with the pass code 92246 #.

Evertz Technologies (TSX: ET) reported record financial results for the year ending April 30, 2024, with total revenue of $514.6 million, marking a 13% increase from the previous year. Net earnings reached $71.0 million, a 10% rise year-over-year, and fully diluted earnings per share were $0.91. Notably, the company saw significant growth in reoccurring software and international revenue. Fourth-quarter revenue, however, was down to $122.8 million from the previous year's $128.9 million. Gross margin for the year was $302.4 million, up from $268.3 million. Cash and cash equivalents surged to $86.3 million from $12.5 million. The Board declared a quarterly dividend of $0.195 per share.

Evertz Technologies (TSX: ET) will announce its fiscal year-end 2024 financial results on June 19, 2024, at 4:00 p.m. EDT. A conference call with financial analysts to discuss the results will follow at 5:00 p.m. EDT. Media and other interested parties can join in listen-only mode by dialing specific numbers. A rebroadcast of the call will be available until July 19, 2024.

Evertz Technologies designs, manufactures, and markets video and audio infrastructure solutions for television, telecommunications, and new-media industries. Their products support multi-channel digital, HD, UHD, and next-gen IP network environments, providing efficient signal routing, distribution, monitoring, and management of content.

Evertz Technologies Limited (ET) reported impressive third-quarter results for 2024, with record quarterly revenue of $135.3 million, marking a 22% increase from the previous year. International revenue saw a significant 38% rise to $54.8 million, while US/Canada revenue increased by 13% to $80.5 million. Earnings from operations before foreign exchange surged by 48% to $29.2 million, with net earnings reaching $19.0 million. The company's fully diluted earnings per share stood at $0.24 for the quarter. Evertz also declared a quarterly dividend of $0.195 per share.

Evertz Technologies Limited (TSX: ET) will release its third-quarter 2024 financial results on March 14, 2024, followed by a conference call with financial analysts. The call will be held at 5:00 p.m. (EDT), accessible via dial-in or toll-free numbers. A rebroadcast will be available until April 14, 2024, providing an opportunity for those who missed the live call to catch up on the discussion.

Evertz Technologies Limited (TSX: ET) reported its second quarter results for the period ended October 31, 2023, with record quarterly revenue of $130.7 million, an increase of 15% from the prior year quarter. International quarterly revenue saw a significant increase of 128% from the prior year quarter, reaching $56.7 million. Earnings from operations for the quarter were $32.2 million, an increase of 13% from the prior year quarter. Net earnings were $22.3 million, marking an 11% increase from the prior year quarter, with fully diluted earnings per share of $0.29. The regular quarterly dividend was increased to $0.195 per share.

Evertz Technologies Limited (ET) will release its 2024 Q2 financial results on December 6, 2023, at 4:00 p.m. (EDT) and hold a conference call with financial analysts at 5:00 p.m. (EDT). Media and interested parties can join the listen-only mode conference call by dialing 416-764-8646 or Toll-Free (North America) 1-888-396-8049. A rebroadcast will be available until January 6, 2024, accessible at 416-764-8692 or Toll-Free 1-877-674-7070 with pass code 982737.

Evertz Technologies Limited (TSX: ET) has received acceptance from the Toronto Stock Exchange to make a Normal Course Issuer Bid (NCIB) to purchase up to 3,802,024 of its outstanding common shares, representing approximately 5% of the total shares. The bid will be active from November 20, 2023, to November 19, 2024, with purchases made at market price. Evertz believes its shares are undervalued and sees this as an attractive investment. No insider intends to sell shares under the NCIB. Evertz will enter into pre-defined automatic securities purchase plans with its appointed purchasing broker.