Evertz Technologies Reports Second Quarter Results for the Quarter Ended October 31, 2024
Evertz Technologies reported Q2 2025 financial results with quarterly revenue of $125.3 million, up 12.2% from the previous quarter. The company saw significant growth in reoccurring software and services revenue, reaching $54.8 million, a 23.7% increase year-over-year. US/Canadian revenue grew 28.2% sequentially to $94.9 million.
Earnings from operations reached $21.4 million, up 69.7% sequentially, while net earnings were $15.9 million, representing a 64.1% increase. The company reported fully diluted EPS of $0.21 and increased its regular quarterly dividend to $0.20 per share. The company's purchase order backlog exceeded $298 million at the end of November 2024.
Evertz Technologies ha riportato i risultati finanziari del secondo trimestre del 2025 con un fatturato trimestrale di 125,3 milioni di dollari, in aumento del 12,2% rispetto al trimestre precedente. L'azienda ha registrato una crescita significativa nei ricavi ricorrenti da software e servizi, che hanno raggiunto 54,8 milioni di dollari, un aumento del 23,7% rispetto all'anno precedente. I ricavi dagli Stati Uniti e dal Canada sono aumentati del 28,2% rispetto al trimestre precedente, raggiungendo 94,9 milioni di dollari.
I guadagni dalle operazioni hanno raggiunto 21,4 milioni di dollari, in aumento del 69,7% sequenzialmente, mentre gli utili netti sono stati di 15,9 milioni di dollari, corrispondenti a un aumento del 64,1%. L'azienda ha riportato un utile per azione totalmente diluito di 0,21 dollari e ha aumentato il suo dividendo trimestrale regolare a 0,20 dollari per azione. Il portafoglio ordini in sospeso dell'azienda ha superato 298 milioni di dollari alla fine di novembre 2024.
Evertz Technologies informó los resultados financieros del segundo trimestre de 2025 con ingresos trimestrales de 125,3 millones de dólares, lo que supone un aumento del 12,2% con respecto al trimestre anterior. La empresa experimentó un crecimiento significativo en los ingresos recurrentes de software y servicios, alcanzando 54,8 millones de dólares, un incremento del 23,7% interanual. Los ingresos de EE. UU. y Canadá crecieron un 28,2% secuencialmente, alcanzando 94,9 millones de dólares.
Las ganancias de las operaciones alcanzaron 21,4 millones de dólares, un aumento del 69,7% secuencialmente, mientras que las ganancias netas fueron de 15,9 millones de dólares, lo que representa un incremento del 64,1%. La compañía informó una ganancia por acción completamente diluida de 0,21 dólares y aumentó su dividendo trimestral regular a 0,20 dólares por acción. La cartera de pedidos pendientes de la compañía superó los 298 millones de dólares a finales de noviembre de 2024.
Evertz Technologies는 2025년 2분기 재무 결과를 보고하며 분기 수익이 1억 2530만 달러에 달해 이전 분기 대비 12.2% 증가했다고 발표했습니다. 회사는 소프트웨어 및 서비스의 recurring 수익에서 상당한 성장을 경험하며 5480만 달러에 도달했으며, 이는 전년 대비 23.7% 증가한 수치입니다. 미국 및 캐나다 수익은 연속적으로 28.2% 증가하여 9490만 달러에 이르렀습니다.
운영 수익은 2140만 달러에 도달하여 연속적으로 69.7% 증가했으며, 순이익은 1590만 달러로 64.1% 증가했습니다. 회사는 완전 희석 주당 순이익(EPS)을 0.21달러로 보고하고, 정기 분기 배당금을 주당 0.20달러로 인상했습니다. 회사의 미수주 주문 잔고는 2024년 11월 말 기준으로 2억 9800만 달러를 초과했습니다.
Evertz Technologies a annoncé ses résultats financiers du deuxième trimestre 2025 avec un chiffre d'affaires trimestriel de 125,3 millions de dollars, en hausse de 12,2 % par rapport au trimestre précédent. L'entreprise a constaté une forte croissance des revenus récurrents de logiciels et de services, atteignant 54,8 millions de dollars, soit une augmentation de 23,7 % par rapport à l'année précédente. Les revenus des États-Unis et du Canada ont augmenté de 28,2 % par rapport au trimestre précédent pour atteindre 94,9 millions de dollars.
Les résultats des opérations ont atteint 21,4 millions de dollars, en hausse de 69,7 % par rapport au trimestre précédent, tandis que le bénéfice net s'est établi à 15,9 millions de dollars, représentant une augmentation de 64,1 %. L'entreprise a déclaré un bénéfice par action entièrement dilué de 0,21 dollar et a augmenté son dividende trimestriel régulier à 0,20 dollar par action. Le carnet de commandes de l'entreprise a dépassé 298 millions de dollars à la fin novembre 2024.
Evertz Technologies berichtete über die finanziellen Ergebnisse des zweiten Quartals 2025 mit einem Quartalsumsatz von 125,3 Millionen US-Dollar, was einem Anstieg von 12,2% im Vergleich zum vorherigen Quartal entspricht. Das Unternehmen verzeichnete ein signifikantes Wachstum bei den wiederkehrenden Software- und Dienstleistungserlösen, die 54,8 Millionen US-Dollar erreichten, ein Anstieg um 23,7% im Jahresvergleich. Die Umsätze aus den USA und Kanada stiegen sequenziell um 28,2% auf 94,9 Millionen US-Dollar.
Die Betriebseinnahmen beliefen sich auf 21,4 Millionen US-Dollar, was einer sequenziellen Steigerung von 69,7% entspricht, während der Nettogewinn 15,9 Millionen US-Dollar betrug, was einem Anstieg von 64,1% entspricht. Das Unternehmen berichtete von einem vollständig verwässerten Gewinn pro Aktie (EPS) von 0,21 US-Dollar und erhöhte die reguläre Quartalsdividende auf 0,20 US-Dollar pro Aktie. Der Auftragsbestand des Unternehmens überstieg zum Ende November 2024 298 Millionen US-Dollar.
- Revenue increased 12.2% sequentially to $125.3 million
- Reoccurring software revenue up 23.7% YoY to $54.8 million
- US/Canadian revenue grew 28.2% sequentially to $94.9 million
- Earnings from operations increased 69.7% sequentially to $21.4 million
- Strong backlog of over $298 million
- Increased quarterly dividend to $0.20 per share
- Overall revenue decreased from $130.7M in Q2 2024 to $125.3M in Q2 2025
- International revenue declined significantly from $56.7M to $30.4M YoY
- Net earnings decreased from $22.3M to $15.9M YoY
- Cash and equivalents decreased from $86.3M to $61.7M since April 2024
- Cash used in operations of $9.6M compared to $20.3M generated in same period last year
Burlington, Ontario--(Newsfile Corp. - December 10, 2024) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, today reported its results for the second quarter ended October 31, 2024.
Second Quarter 2025 Highlights
- Quarterly revenue of
$125.3 million , an increase of12.2% or$13.6 million from the sequential quarter - Reoccurring software, services and other software revenue of
$54.8 million in the quarter, up23.7% from the prior year - US/ Canadian quarterly revenue of
$94.9 million up$20.8 million or28.2% from the sequential quarter - Earnings from operations of
$21.4 million for the quarter, an increase of69.7% from the sequential quarter - Net earnings of
$15.9 million for the quarter, and increase of64.1% from the sequential quarter - Fully diluted earnings per share of
$0.21 for the quarter - Regular quarterly dividend increased to
$0.20 per share
Quarterly Selected Financial Information
Consolidated Statement of Earnings Data
(in thousands of dollars, except earnings per share and share data)
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Selected Financial Information
Consolidated Balance Sheet Data
(in thousands of dollars)
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Revenue
For the quarter ended October 31, 2024, revenues were
Gross Margin
For the quarter ended October 31, 2024, gross margin was
Earnings
For the quarter ended October 31, 2024, net earnings were
For the quarter ended October 31, 2024, earnings per share on a fully-diluted basis were
Operating Expenses
For the quarter ended October 31, 2024, selling and administrative expenses were
For the quarter ended October 31, 2024, gross research and development expenses were
Liquidity and Capital Resources
The Company's working capital as at October 31, 2024 was
Cash and cash equivalent was
Cash used 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 November 2024, purchase order backlog was in excess of
Dividend Declared
Evertz Board of Directors declared a regular quarterly dividend on December 10, 2024 of
The dividend is payable to shareholders of record on December 19, 2024 and will be paid on or about December 24, 2024.
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To view an enhanced version of this table, please visit:
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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 December 10, 2024 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 1-289-514-5100 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 January 10, 2025. The rebroadcast can be accessed at 1-289-819-1325 or Toll Free 1-888-660-6264, passcode 56182.
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/233258
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