Evertz Technologies Announces Fiscal 2026 Year End Results

Executive Summary

• Evertz Technologies reported record full-year revenue of $515.8 million and net earnings of $64.4 million for fiscal 2026, with fully diluted EPS of $0.83.
• Fourth quarter revenue reached $131.6 million (up 3% YoY) with net earnings of $15.2 million and diluted EPS of $0.20, driven by a 17% increase in recurring software, services, and other software.
• The company reported a purchase order backlog exceeding $237 million as of May 2026 and declared a regular quarterly dividend of $0.205 per share.

Key Details

• Fiscal 2026 Full-Year Highlights: Revenue of $515.8M (+2.8% YoY); Recurring software/services/other revenue of $240.7M (+8%, representing 47% of total revenue); International revenue of $148.0M (+16% or +$20.8M); Earnings from operations of $87.3M (+$5.8M); Net earnings of $64.4M (+$4.7M); Fully diluted EPS of $0.83.
• Q4 2026 Highlights: Quarterly revenue of $131.6M (+3% YoY); Recurring software/services/other of $65.8M (+17%); Net earnings of $15.2M (+$2.2M); Fully diluted EPS of $0.20 (+18% YoY).
• Quarterly Financials (Q4'26 vs Q4'25): Revenue: $131,568k vs $127,805k; Gross margin: $78,070k (59.3%) vs $78,885k (61.7%); Earnings from operations: $21,486k vs $19,404k; Net earnings: $15,247k vs $13,043k; Diluted shares: 77,347,001 vs 76,805,024.
• Annual Financials (YE'26 vs YE'25): Revenue: $515,781k vs $501,623k; Gross margin: $305,987k (59.3%) vs $298,505k (59.5%); Earnings from operations: $87,322k vs $81,512k; Net earnings: $64,421k vs $59,767k; Diluted shares: 76,814,543 vs 76,975,472.
• Revenue by Region: Q4 US/Canada: $94.2M vs $106.5M; Q4 International: $37.4M vs $21.3M (+$16.1M); YE US/Canada: $367.8M vs $374.4M; YE International: $148.0M vs $127.2M (+$20.8M).
• Operating Expenses: Q4 S&A: $20.7M (flat); YE S&A: $77.0M vs $75.9M; Q4 R&D: $37.7M vs $36.5M; YE R&D: $148.1M vs $146.8M.
• Balance Sheet (YE '26 vs '25): Cash & equivalents: $19,117k vs $111,665k; Working capital: $131,749k vs $206,900k; Total assets: $424,989k vs $469,485k; Shareholders' equity: $198,167k vs $268,123k.
• Cash Flow & Liquidity: Q4 cash from ops: $18.4M vs $33.3M (pre-tax/non-cash WC: $19.1M vs $17.7M); YE cash from ops: $76.2M vs $99.6M (pre-tax/non-cash WC: $86.4M vs $79.6M); Q4 investing: -$3.9M; YE investing: -$17.8M (PPE acquisitions $18.7M, disposals $0.9M); Q4 financing: -$17.1M (dividends $15.4M); YE financing: -$147.1M (dividends $136.7M incl. special $75.5M, stock repurchase $4.1M, lease payments $4.5M).
• Backlog & Shipments: Purchase order backlog exceeded $237 million as of May 2026; May 2026 shipments totaled $33 million.
• Dividend Declaration: Regular quarterly dividend of $0.205 per share declared on June 24, 2026; Record date July 6, 2026; Pay date on or about July 13, 2026.
• Conference Call Details: Scheduled for June 24, 2026 at 5:00 PM EDT; Dial-in: 289-514-5100 or 1-800-717-1738; Rebroadcast available until July 24, 2026 via 289-819-1325 or 1-888-660-6264 (Passcode: 92814#).