Evertz Technologies Reports First Quarter Results for The Quarter Ended July 31, 2025
Evertz Technologies (TSX: ET) reported strong Q1 2026 financial results with revenue reaching $112.1 million, up from $111.6 million year-over-year. The company demonstrated robust performance in the US/Canada region with a 7% revenue increase to $79.5 million. Notable highlights include software and services revenue of $51.6 million (46% of total revenue), improved gross margin of 61.4% (up from 59.4%), and net earnings of $11.9 million (22% increase).
The company maintains a strong financial position with $124.3 million in cash and working capital of $202.6 million. Purchase order backlog exceeded $252 million at August 2025 end. The Board declared a quarterly dividend of $0.20 per share, payable on September 25, 2025.
Evertz Technologies (TSX: ET) ha pubblicato solidi risultati finanziari per il primo trimestre 2026, con ricavi pari a $112.1 million, rispetto a $111.6 million nello stesso periodo dell'anno precedente. L'azienda ha mostrato un'ottima performance nella regione USA/Canada con un aumento dei ricavi del 7%, raggiungendo $79.5 million. Tra i punti salienti figurano ricavi da software e servizi per $51.6 million (46% del totale), un margine lordo migliorato al 61.4% (da 59.4%) e un utile netto di $11.9 million (in crescita del 22%).
L'azienda mantiene una solida posizione finanziaria con $124.3 million in contanti e un capitale circolante di $202.6 million. L'ordine arretrato supera i $252 million a fine agosto 2025. Il Consiglio ha approvato un dividendo trimestrale di $0.20 per azione, pagabile il 25 settembre 2025.
Evertz Technologies (TSX: ET) informó sólidos resultados financieros del primer trimestre de 2026, con ingresos de $112.1 million, frente a $111.6 million en el mismo periodo del año anterior. La compañía mostró un rendimiento destacado en la región EE. UU./Canadá con un incremento de ingresos del 7% hasta $79.5 million. Entre los aspectos más relevantes figuran ingresos por software y servicios de $51.6 million (46% del total), un margen bruto mejorado del 61.4% (desde 59.4%) y un beneficio neto de $11.9 million (aumento del 22%).
La compañía mantiene una sólida posición financiera con $124.3 million en efectivo y un capital de trabajo de $202.6 million. La cartera de pedidos superó los $252 million a finales de agosto de 2025. La Junta declaró un dividendo trimestral de $0.20 por acción, pagadero el 25 de septiembre de 2025.
Evertz Technologies (TSX: ET)는 2026 회계연도 1분기 실적을 발표하며 매출이 $112.1 million에 달해 전년 동기 $111.6 million에서 증가했습니다. 미국/캐나다 지역에서 매출이 7% 증가한 $79.5 million을 기록하는 등 견조한 성과를 보였습니다. 주요 내용으로는 소프트웨어 및 서비스 매출 $51.6 million(전체 매출의 46%), 개선된 총이익률 61.4%(이전 59.4% 대비 상승), 그리고 순이익 $11.9 million(22% 증가)이 있습니다.
회사는 $124.3 million 현금과 $202.6 million의 운전자본을 보유하며 재무 상태가 탄탄합니다. 2025년 8월 말 기준 수주 잔고는 $252 million을 초과했습니다. 이사회는 주당 $0.20의 분기 배당금을 선언했으며, 지급일은 2025년 9월 25일입니다.
Evertz Technologies (TSX: ET) a publié de solides résultats pour le 1er trimestre 2026, avec un chiffre d'affaires de $112.1 million, contre $111.6 million un an plus tôt. La société a enregistré de bonnes performances aux États-Unis/Canada avec une hausse des revenus de 7% à $79.5 million. Parmi les points marquants : des revenus logiciels et services de $51.6 million (46% du total), une marge brute améliorée de 61,4% (contre 59,4%) et un bénéfice net de $11.9 million (en hausse de 22%).
L'entreprise conserve une situation financière solide avec $124.3 million en liquidités et un fonds de roulement de $202.6 million. Le carnet de commandes dépassait $252 million fin août 2025. Le conseil d'administration a déclaré un dividende trimestriel de $0.20 par action, payable le 25 septembre 2025.
Evertz Technologies (TSX: ET) meldete starke Finanzergebnisse für das erste Quartal 2026: der Umsatz erreichte $112.1 million gegenüber $111.6 million im Vorjahr. Besonders stark war die Leistung in der Region USA/Kanada mit einem Umsatzanstieg von 7% auf $79.5 million. Zu den Highlights zählen Software- und Serviceumsätze in Höhe von $51.6 million (46% des Gesamtumsatzes), eine verbesserte Bruttomarge von 61,4% (vorher 59,4%) sowie ein Nettogewinn von $11.9 million (Anstieg um 22%).
Das Unternehmen verfügt über eine solide Finanzlage mit $124.3 million an Barmitteln und einem Nettoumlaufvermögen von $202.6 million. Der Auftragsbestand lag Ende August 2025 bei über $252 million. Der Vorstand beschloss eine Quartalsdividende von $0.20 je Aktie, zahlbar am 25. September 2025.
- Net earnings increased 22% to $11.9 million
- Gross margin improved to 61.4% from 59.4% year-over-year
- Strong US/Canada revenue growth of 7% to $79.5 million
- Software and services revenue represents significant 46% of total revenue
- Substantial purchase order backlog exceeding $252 million
- Cash position strengthened to $124.3 million from $111.6 million
- International revenue declined to $32.7 million from $37.7 million
- Working capital decreased to $202.6 million from $206.9 million
- Selling and administrative expenses increased to $18.6 million from $17.6 million
Attention Business/Financial Editors:
Burlington, Ontario--(Newsfile Corp. - September 10, 2025) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, today reported its results for the first quarter ended July 31, 2025.
First Quarter 2026 Highlights
- Revenue of
$112.1 million , an increase from$111.6 million in the prior year. - Revenue to the US and Canada was
$79.5 million an increase of$5.5 million or7% from prior year. - Software and services revenue of
$51.6 million , representing46% of total revenue in the quarter. - Gross Margin of
61.4% , compared to59.4% in the prior year quarter. - Earnings from operations of
$15.0 million an increase of$2.4 million or19% from prior year. - Net earnings of
$11.9 million an increase of$2.2 million or22% from prior year. - Fully diluted earnings per share of
$0.15 for the quarter.
Selected Financial Information
Consolidated Statement of Earnings Data
(in thousands of dollars, except earnings per share and share data)
| Q1'26 | Q1'25 | ||||||||||
| Revenue | $ | 112,145 | $ | 111,643 | |||||||
| Gross margin | 68,842 | 66,262 | |||||||||
| Earnings from operations | 14,984 | 12,609 | |||||||||
| Net earnings | 11,894 | 9,711 | |||||||||
| Fully-diluted earnings per share | $ | 0.15 | $ | 0.13 | |||||||
| Fully-diluted shares | 77,549,350 | 77,278,156 |
Selected Financial Information
Consolidated Balance Sheet Data
(in thousands of dollars)
| Q1 ' 26 | YE' 25 | |||||||||
| Cash and Cash Equivalents | $ | 124,309 | $ | 111,665 | ||||||
| Working capital | 202,607 | 206,900 | ||||||||
| Total assets | 488,318 | 469,485 | ||||||||
| Shareholders' equity | 262,067 | 268,123 |
Revenue
For the quarter ended July 31, 2025, revenues were
Gross Margin
For the quarter ended July 31, 2025, gross margin was
Earnings
For the quarter ended July 31, 2025, net earnings were
For the quarter ended July 31, 2025, earnings per share on a fully-diluted basis were
Operating Expenses
For the quarter ended July 31, 2025, selling and administrative expenses were
For the quarter ended July 31, 2025, gross research and development expenses were
Liquidity and Capital Resources
The Company's working capital as at July 31, 2025 was
Cash was
Cash generated from operations was
For the quarter, the Company used
For the quarter ended July 31, 2025, the Company used cash in financing activities of
Shipments and Backlog
At the end of August 2025, purchase order backlog was in excess of
Dividend Declared
Evertz Board of Directors declared a regular quarterly dividend on September 10, 2025 of
The dividend is payable to shareholders of record on September 18, 2025 and will be paid on or about September 25, 2025.
Selected Consolidated Financial Information
(in thousands of dollars, except earnings per share and percentages)
| Three months ended July 31, 2025 | Three months ended July 31, 2024 | |||||||||
| Revenue | $ | 112,145 | $ | 111,643 | ||||||
| Cost of goods sold | 43,303 | 45,381 | ||||||||
| Gross margin | 68,842 | 66,262 | ||||||||
| Expenses | ||||||||||
| Selling and administrative | 18,624 | 17,604 | ||||||||
| General | 1,267 | 1,281 | ||||||||
| Research and development | 36,983 | 37,374 | ||||||||
| Investment tax credits | (3,348) | (3,760) | ||||||||
| Share based compensation | 1,068 | 1,175 | ||||||||
| Foreign exchange gain | (736) | (21) | ||||||||
| 53,858 | 53,653 | |||||||||
| Earnings before undernoted | 14,984 | 12,609 | ||||||||
| Finance income | 775 | 705 | ||||||||
| Finance costs | (238) | (309) | ||||||||
| Other income and expenses | 500 | 210 | ||||||||
| Earnings before income taxes | 16,021 | 13,215 | ||||||||
| Provision for (recovery of) income taxes | ||||||||||
| Current | 3,965 | 5,563 | ||||||||
| Deferred | 162 | (2,059) | ||||||||
| 4,127 | 3,504 | |||||||||
| Net earnings for the period | $ | 11,894 | $ | 9,711 | ||||||
| Net earnings attributable to non-controlling interest | $ | 52 | $ | 42 | ||||||
| Net earnings attributable to shareholders | 11,842 | 9,669 | ||||||||
| Net earnings for the period | $ | 11,894 | $ | 9,711 | ||||||
| Earnings per share | ||||||||||
| Basic | $ | 0.16 | $ | 0.13 | ||||||
| Diluted | $ | 0.15 | $ | 0.13 | ||||||
| Consolidated Balance Sheet Data | ||||||||
| As At July 31, 2025 | As At April 30, 2025 | |||||||
| Cash and cash equivalents | $ | 124,309 | $ | 111,665 | ||||
| Inventory | $ | 182,494 | $ | 181,011 | ||||
| Working capital | $ | 202,607 | $ | 206,900 | ||||
| Total assets | $ | 488,318 | $ | 469,485 | ||||
| Shareholders' equity | $ | 262,067 | $ | 268,123 | ||||
| Number of common shares outstanding: | ||||||||
| Basic | 75,432,600 | 75,750,235 | ||||||
| Fully-diluted | 77,549,350 | 80,627,710 | ||||||
| Weighted average number of shares outstanding: | ||||||||
| Basic | 75,538,154 | 76,010,401 | ||||||
| Fully-diluted | 76,570,863 | 76,975,472 | ||||||
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 September 10, 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 October 10, 2025. The rebroadcast can be accessed at 289-819-1325 or toll-free 1-888-660-6264. The pass code for the rebroadcast is 75854.
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/265903
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