Evertz Technologies Reports Record Quarterly Revenue of $137 Million in The Third Quarter Ended January 31, 2025
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.
- 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
- 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 of9% or$11.7 million sequentially - Reoccurring software, services and other software revenue of
$55.7 million in the quarter, up6% from the prior year - Earnings from operations of
$28.1 million for the quarter, an increase of8% 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 shares | 76,860,180 | 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
Gross Margin
For the quarter ended January 31, 2025, gross margin was
Earnings
For the quarter ended January 31, 2025, net earnings were
For the quarter ended January 31, 2025, earnings per share on a fully-diluted basis were
Operating Expenses
For the quarter ended January 31, 2025, selling and administrative expenses were
For the quarter ended January 31, 2025, gross research and development expenses were
Liquidity and Capital Resources
The Company's working capital as at January 31, 2025 was
Cash and cash equivalent
Cash generated from operations was
For the quarter, the Company used
For the quarter ended, the Company used cash in financing activities of
Shipments and Backlog
At the end of February 2025, purchase order backlog was in excess of
Dividend Declared
Evertz Board of Directors declared a regular quarterly dividend on March 5, 2025 of
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 | 2025 | 2024 | ||||||||||
| 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
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