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Evertz Technologies Reports Record Quarterly Revenue of $137 Million in The Third Quarter Ended January 31, 2025

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Evertz Technologies reported record quarterly revenue of $136.9 million for Q3 2025 (ended January 31), marking a 9% sequential increase. The company's US/Canada revenue reached $99.1 million, while international revenue was $37.8 million.

Key financial highlights include:

  • Net earnings of $21.1 million with $0.27 earnings per diluted share
  • Reoccurring software and services revenue of $55.7 million, up 6% year-over-year
  • Gross margin of 57.8% ($79.1 million)
  • Operating earnings of $28.1 million, up 8% from prior year

The company maintained strong liquidity with $96.3 million in cash and equivalents, working capital of $207.9 million, and a purchase order backlog exceeding $269 million. The Board declared a quarterly dividend of $0.20 per share, payable March 20, 2025.

Evertz Technologies ha riportato un fatturato trimestrale record di 136,9 milioni di dollari per il terzo trimestre del 2025 (terminato il 31 gennaio), segnando un aumento sequenziale del 9%. Il fatturato dell'azienda negli Stati Uniti e in Canada ha raggiunto 99,1 milioni di dollari, mentre il fatturato internazionale è stato di 37,8 milioni di dollari.

I principali punti finanziari includono:

  • Utile netto di 21,1 milioni di dollari con un utile di 0,27 dollari per azione diluita
  • Fatturato ricorrente da software e servizi di 55,7 milioni di dollari, in crescita del 6% rispetto all'anno precedente
  • Margine lordo del 57,8% (79,1 milioni di dollari)
  • Utile operativo di 28,1 milioni di dollari, in aumento dell'8% rispetto all'anno precedente

L'azienda ha mantenuto una forte liquidità con 96,3 milioni di dollari in contante e equivalenti, un capitale circolante di 207,9 milioni di dollari e un portafoglio ordini superiore a 269 milioni di dollari. Il Consiglio ha dichiarato un dividendo trimestrale di 0,20 dollari per azione, pagabile il 20 marzo 2025.

Evertz Technologies reportó ingresos trimestrales récord de 136.9 millones de dólares para el tercer trimestre de 2025 (finalizado el 31 de enero), marcando un aumento secuencial del 9%. Los ingresos de la compañía en EE. UU. y Canadá alcanzaron 99.1 millones de dólares, mientras que los ingresos internacionales fueron de 37.8 millones de dólares.

Los principales aspectos financieros incluyen:

  • Ganancias netas de 21.1 millones de dólares con 0.27 dólares de ganancias por acción diluida
  • Ingresos recurrentes de software y servicios de 55.7 millones de dólares, un aumento del 6% interanual
  • Margen bruto del 57.8% (79.1 millones de dólares)
  • Ganancias operativas de 28.1 millones de dólares, un aumento del 8% respecto al año anterior

La empresa mantuvo una sólida liquidez con 96.3 millones de dólares en efectivo y equivalentes, capital de trabajo de 207.9 millones de dólares, y una cartera de pedidos que supera los 269 millones de dólares. La Junta declaró un dividendo trimestral de 0.20 dólares por acción, pagadero el 20 de marzo de 2025.

Evertz Technologies는 2025년 3분기(1월 31일 종료)에 1억 3,690만 달러의 분기 기록 매출을 보고하며, 이는 전분기 대비 9% 증가한 수치입니다. 회사의 미국 및 캐나다 매출은 9,910만 달러에 달했고, 국제 매출은 3,780만 달러였습니다.

주요 재무 하이라이트는 다음과 같습니다:

  • 순이익 2,110만 달러, 희석 주당 이익 0.27 달러
  • 소프트웨어 및 서비스의 반복 수익 5,570만 달러, 전년 대비 6% 증가
  • 총 마진 57.8% (7,910만 달러)
  • 운영 이익 2,810만 달러, 전년 대비 8% 증가

회사는 9,630만 달러의 현금 및 현금성 자산, 2억 790만 달러의 운전 자본, 2억 6,900만 달러를 초과하는 구매 주문 잔고를 보유하며 강력한 유동성을 유지하고 있습니다. 이사회는 주당 0.20 달러의 분기 배당금을 선언하였으며, 2025년 3월 20일에 지급될 예정입니다.

Evertz Technologies a annoncé un chiffre d'affaires trimestriel record de 136,9 millions de dollars pour le troisième trimestre 2025 (terminé le 31 janvier), marquant une augmentation séquentielle de 9%. Le chiffre d'affaires de l'entreprise aux États-Unis et au Canada a atteint 99,1 millions de dollars, tandis que le chiffre d'affaires international s'élevait à 37,8 millions de dollars.

Les principaux points financiers comprennent :

  • Bénéfice net de 21,1 millions de dollars avec un bénéfice de 0,27 dollar par action diluée
  • Revenus récurrents de logiciels et de services de 55,7 millions de dollars, en hausse de 6% par rapport à l'année précédente
  • Marge brute de 57,8% (79,1 millions de dollars)
  • Bénéfice d'exploitation de 28,1 millions de dollars, en hausse de 8% par rapport à l'année précédente

L'entreprise a maintenu une forte liquidité avec 96,3 millions de dollars en espèces et équivalents, un fonds de roulement de 207,9 millions de dollars, et un carnet de commandes dépassant 269 millions de dollars. Le Conseil a déclaré un dividende trimestriel de 0,20 dollar par action, payable le 20 mars 2025.

Evertz Technologies meldete für das dritte Quartal 2025 (endet am 31. Januar) einen Rekordumsatz von 136,9 Millionen Dollar, was einem sequenziellen Anstieg von 9% entspricht. Der Umsatz des Unternehmens in den USA und Kanada erreichte 99,1 Millionen Dollar, während der internationale Umsatz 37,8 Millionen Dollar betrug.

Wichtige finanzielle Highlights umfassen:

  • Nettoeinnahmen von 21,1 Millionen Dollar mit einem Gewinn von 0,27 Dollar pro verwässerter Aktie
  • Wiederkehrende Software- und Dienstleistungsumsätze von 55,7 Millionen Dollar, ein Anstieg von 6% im Jahresvergleich
  • Bruttomarge von 57,8% (79,1 Millionen Dollar)
  • Betriebseinnahmen von 28,1 Millionen Dollar, ein Anstieg von 8% im Vergleich zum Vorjahr

Das Unternehmen hielt eine starke Liquidität mit 96,3 Millionen Dollar in bar und Äquivalenten, einem Working Capital von 207,9 Millionen Dollar und einem Auftragsbestand von über 269 Millionen Dollar. Der Vorstand erklärte eine vierteljährliche Dividende von 0,20 Dollar pro Aktie, zahlbar am 20. März 2025.

Positive
  • Record quarterly revenue of $136.9M (+9% sequential growth)
  • Net earnings increased to $21.1M from $19.0M YoY
  • Software/services revenue up 6% YoY to $55.7M
  • Strong backlog of $269M
  • Cash position improved to $96.3M from $86.3M
  • Operating cash flow increased to $53.0M from $30.2M YoY
Negative
  • Gross margin declined to 57.8% from 58.9% YoY
  • International revenue decreased to $37.8M from $54.8M YoY
  • Operating expenses increased: R&D to $36.6M from $34.0M
  • Selling and admin expenses rose to $19.2M from $18.3M

Attention Business/Financial Editors:

Burlington, Ontario--(Newsfile Corp. - March 5, 2025) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, today reported its results for the third quarter ended January 31, 2025.

Third Quarter 2025 Highlights

  • Record Quarterly revenue of $136.9 million, an increase of 9% or $11.7 million sequentially
  • Reoccurring software, services and other software revenue of $55.7 million in the quarter, up 6% from the prior year
  • Earnings from operations of $28.1 million for the quarter, an increase of 8% from the prior year
  • Net earnings of $21.1 million for the quarter
  • Fully diluted earnings per share of $0.27 for the quarter

Selected Financial Information
Consolidated Statement of Earnings Data
(in thousands of dollars, except earnings per share and share data)

Q3 ' 25   Q3 ' 24
Revenue
 $ 136,916  $135,278
Gross margin 79,098  79,733
Earnings from operations 28,108  26,398
Net earnings 21,076  19,024
Fully-diluted earnings per share$ 0.27  $0.24
Fully-diluted shares76,860,180  76,878,395

 

Selected Financial Information
Consolidated Balance Sheet Data
(in thousands of dollars)

Q3 ' 25   YE' 24
Cash and cash equivalents$ 96,280  $ 86,325
Working capital 207,943   201,437
Total assets 472,210   484,722
Shareholders' equity 269,606  263,267

 

Revenue
For the quarter ended January 31, 2025, revenues were $136.9 million compared to revenues of $135.3 million for the quarter ended January 31, 2024. For the quarter, revenues in the United States/Canada region were $99.1 million compared to $80.5 million in the same quarter last year. The International region had revenues of $37.8 million compared to $54.8 million in the same quarter last year.

Gross Margin
For the quarter ended January 31, 2025, gross margin was $79.1 million as compared to $79.7 million in the same quarter last year. Gross margin percentage was approximately 57.8% as compared to 58.9% in the quarter ended January 31, 2024.

Earnings
For the quarter ended January 31, 2025, net earnings were $21.1 million as compared to $19.0 million in the corresponding period last year.

For the quarter ended January 31, 2025, earnings per share on a fully-diluted basis were $0.27 as compared to $0.24 in the corresponding period last year.

Operating Expenses
For the quarter ended January 31, 2025, selling and administrative expenses were $19.2 million as compared to $18.3 million for the quarter ended January 31, 2024.

For the quarter ended January 31, 2025, gross research and development expenses were $36.6 million as compared to $34.0 million for the quarter ended January 31, 2024.

Liquidity and Capital Resources
The Company's working capital as at January 31, 2025 was $207.9 million as compared to $201.4 million on April 30, 2024.

Cash and cash equivalent $96.3 million as at January 31, 2025 as compared to $86.3 million in cash on April 30, 2024.

Cash generated from operations was $53.0 million for the quarter ended January 31, 2025 as compared to $30.2 million cash generated for the quarter ended January 31, 2024. Before taking into account taxes and the changes in non-cash working capital and current taxes, the Company generated $27.2 million from operations for the quarter ended January 31, 2025 compared to $25.0 million for the same period last year.

For the quarter, the Company used $1.2 million for investing activities.

For the quarter ended, the Company used cash in financing activities of $17.0 million which was principally a result of the payment of dividends of $15.2 million.

Shipments and Backlog
At the end of February 2025, purchase order backlog was in excess of $269 million and shipments during the month of February 2025 were $39 million.

Dividend Declared
Evertz Board of Directors declared a regular quarterly dividend on March 5, 2025 of $0.20 per share.

The dividend is payable to shareholders of record on March 13, 2025 and will be paid on or about March 20, 2025.

Selected Consolidated Financial Information
(in thousands of dollars, except earnings per share and percentages)

 Three month period ended Nine month period ended
 January 31, January 31,
 2025 2024 20252024
Revenue $ 136,916  $ 135,278  $ 373,818 $ 391,846
Cost of goods sold  57,818   55,545   154,198 162,058
Gross margin  79,098   79,733   219,620 229,788
   
Expenses   
Selling and administrative  19,198   18,262   55,174 52,160
General  1,318   1,056   3,901 3,388
Research and development  36,584   33,967   110,237 98,124
Investment tax credits  (3,529)  (3,987)  (10,879) (10,594)
Share based compensation  1,314   1,197   3,756 3,876
Foreign exchange (gain) loss  (3,895)  2,840   (4,677) 1,979
  50,990   53,335   157,512 148,933
Earnings before undernoted  28,108   26,398   62,108 80,855
   
Finance costs  531   547   2,073 1,084
Finance income   (421)  (457)  (1,104) (1,042)
Net loss on investments through profit and loss  -   -   - (2,704)
Other (expenses) income  (62)  (526)  249 (404)
Earnings before income taxes  28,156   25,962   63,326 77,789
Provision for (recovery of) income taxes   
Current  7,505   6,045   18,381 20,481
Deferred  (425)  893   (1,779) 141
  7,080   6,938   16,602 20,622
Net earnings for the period 21,076  $ 19,024  $ 46,724 $ 57,167
Net earnings attributable to non-controlling interest  161   302   336 760
Net earnings attributable to shareholders  20,915   18,722   46,388 56,407
Net earnings for the period $ 21,076  $ 19,024  $ 46,724 $ 57,167
   
Earnings per share   
Basic $ 0.28  $ 0.25  $ 0.61 $ 0.74
Diluted $ 0.27  $ 0.24  $ 0.60 $0.73

 

Consolidated Balance Sheet Data
As At
January 31, 2025
As At
April 30, 2024
Cash and Cash Equivalents$ 96,280 $ 86,325
Inventory$ 195,556 $ 206,154
Working capital$ 207,943 $ 201,437
Total assets$ 472,210 $ 484,722
Shareholders' equity$ 269,606 $263,267
 
Number of common shares outstanding: 
Basic 75,941,007 76,164,322
Fully-diluted 81,043,732 81,614,447
 
Weighted average number of shares outstanding: 
Basic 76,045,953 76,088,691
Fully-diluted 77,019,898 77,044,858

 

Forward-Looking Statements
The report contains forward-looking statements reflecting Evertz's objectives, estimates and expectations. Such forward-looking statements use words such as "may", "will", "expect", "believe", "anticipate", "plan", "intend", "project", "continue" and other similar terminology of a forward-looking nature or negatives of those terms.

Although management of the Company believes that the expectations reflected in such forward-looking statements are reasonable, all forward-looking statements address matters that involve known and unknown risks, uncertainties and other factors. Accordingly, there are or will be a number of significant factors which could cause the Company's actual results, performance or achievements, or industry results to be materially different from any future results performance or achievements expressed or implied by such forward-looking statements.

Conference Call
The Company will hold a conference call with financial analysts to discuss the results on March 5, 2025 at 5:00 p.m. (EDT). Media and other interested parties are invited to join the conference call in listen-only mode. The conference call may be accessed by dialing 289-514-5100 or Toll-Free (North America) 1-800-717-1738.

For those unable to listen to the live call, a rebroadcast will also be available until Sunday, April 14, 2025. The rebroadcast can be accessed at 289-819-1325 or Toll-Free 1-888-660-6264. The pass code for the rebroadcast is 56369.

About Evertz
Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company's solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high definition television ("HDTV" and "UHD") and next generation high bandwidth low latency IP network environments and by telecommunications and new-media companies. The Company's products allow its customers to generate additional revenue while reducing costs through efficient signal routing, distribution, monitoring and management of content as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the "Cloud."

For further information, please contact:

Doug Moore, CPA, CA
Chief Financial Officer

(905) 335-3700
ir@evertz.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243468

FAQ

What was Evertz Technologies (EVTZF) Q3 2025 revenue and how did it compare to previous quarters?

Evertz reported record quarterly revenue of $136.9M in Q3 2025, representing a 9% increase ($11.7M) sequentially and slight growth from $135.3M in Q3 2024.

How much did Evertz Technologies (EVTZF) earn per share in Q3 2025?

Evertz reported fully diluted earnings per share of $0.27, up from $0.24 in the same quarter last year.

What is the current dividend payment for Evertz Technologies (EVTZF) shareholders?

Evertz declared a quarterly dividend of $0.20 per share, payable on March 20, 2025, to shareholders of record on March 13, 2025.

What is Evertz Technologies (EVTZF) current purchase order backlog as of February 2025?

Evertz reported a purchase order backlog exceeding $269 million at the end of February 2025, with monthly shipments of $39 million.

How much recurring revenue did Evertz Technologies (EVTZF) generate in Q3 2025?

Evertz generated $55.7 million in recurring software, services and other software revenue, showing a 6% increase from the previous year.
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