Evertz Technologies Reports Quarterly Revenue of $132.7 Million in the Second Quarter Ended October 31, 2025

Executive Summary

• Evertz Technologies reported Q2 2025 revenue of $132.7 M, up 6% YoY, and net earnings of $18.6 M, up 16.9% YoY.
• The board declared a regular quarterly dividend of $0.205 per share and a special dividend of $1.00 per share.
• Cash and cash equivalents declined to $96.7 M from $111.7 M at quarter‑end April 2025, while working capital remained stable around $206 M.

Key Details

• Revenue: $132.735 M (Q2 2025) vs. $125.259 M (Q2 2024); International revenue $34.2 M (+12.5% YoY).
• Gross Margin: $77.829 M (58.6% of revenue), down slightly from 59.3% YoY.
• Earnings from Operations: $25.036 M, up 17.0% QoQ.
• Net Earnings: $18.620 M, up 16.9% YoY.
• Fully‑Diluted EPS: $0.24 (vs. $0.21 prior year).
• Dividends: Regular dividend $0.205/share; Special dividend $1.00/share, both payable Dec 24 2025.
• Cash Flow: Cash used in operating activities $5.0 M (down from $9.7 M YoY); cash used in investing $6.3 M (incl. $3.0 M land/building purchase); cash used in financing $17.5 M, primarily dividend payments ($15.4 M).
• Balance Sheet: Cash & equivalents $96.695 M; Working capital $205.673 M; Total assets $466.690 M; Shareholders’ equity $267.996 M.
• Backlog & Shipments: Purchase order backlog >$240 M; November shipments $46 M.
• Operating Expenses: Selling & admin $19.1 M (up from $18.4 M); R&D $36.6 M (slightly up YoY).
• Conference Call: Scheduled for Dec 10 2025, 5:00 p.m. EDT; rebroadcast available until Jan 6 2026.

Notable Quotes

(No direct quotes were provided in the release.)