EVERTZ TECHNOLOGIES LTD - EVTZF STOCK NEWS

Evertz Technologies (TSX: ET) has announced it will release its second quarter 2024 financial results on December 10, 2024, at approximately 4:00 p.m. EDT. The company will host a conference call with financial analysts at 5:00 p.m. EDT the same day. Media and interested parties can join in listen-only mode. A rebroadcast will be available until January 10, 2025. Evertz designs, manufactures, and markets video and audio infrastructure solutions for television, telecommunications, and new-media industries, helping customers generate additional revenue while reducing costs through efficient signal management and workflow processes.

Evertz Technologies has received TSX approval for a Normal Course Issuer Bid (NCIB) to purchase up to 3,797,308 of its outstanding common shares for cancellation, representing 5% of total shares. The NCIB runs from November 27, 2024, to November 26, 2025. The company can purchase up to 8,505 shares daily, at market price. Under the previous NCIB, Evertz purchased 225,445 shares at an average price of $12.60. The company believes its shares are undervalued and plans to implement an automatic share purchase plan during blackout periods.

Evertz Technologies (TSX: ET) has announced the voting results of its 2024 Annual General and Special Meeting of Shareholders held in Burlington, Ontario. Key outcomes include:

1. Election of seven directors, with all nominees receiving over 90% approval.
2. Unanimous re-appointment of BDO Canada LLP as auditors.
3. Re-approval of the Company's stock option plan with 92% support.
4. Re-approval of the 2022 Restricted Share Unit plan with 92% support.

Evertz Technologies, a leader in Software Defined Video Network (SDVN) technology, designs, manufactures, and markets video and audio infrastructure solutions for the television, telecommunications, and new-media industries. Their products help customers generate additional revenue while reducing costs through efficient signal management and workflow processes.

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.