Evertz Technologies Reports First Quarter Results for The Quarter Ended July 31, 2025

Executive Summary

• Evertz Technologies Limited reported financial results for the first quarter ended July 31, 2025, showing a slight increase in total revenue and significant growth in net earnings and gross margin compared to the prior year period.
• The company declared a regular quarterly dividend of $0.20 per share, payable in late September 2025.
• Operational highlights include a strong backlog of over $252 million as of August 2025 and positive cash flow from operations.

Key Details

• Revenue: Total revenue was $112.1 million, an increase of $0.5 million (0.4%) from $111.6 million in Q1 2025.
  • US and Canada revenue: $79.5 million (up $5.5 million or 7% from prior year).
  • International revenue: $32.7 million (down from $37.7 million in prior year).
  • Software and services revenue: $51.6 million, representing 46% of total revenue.
• Profitability:
  • Gross Margin: $68.8 million (61.4% margin), compared to $66.3 million (59.4% margin) in Q1 2025.
  • Earnings from Operations: $15.0 million, an increase of $2.4 million (19%) from prior year.
  • Net Earnings: $11.9 million, an increase of $2.2 million (22%) from prior year.
  • Fully Diluted EPS: $0.15, compared to $0.13 in Q1 2025.
• Operating Expenses:
  • Selling and Administrative Expenses: $18.6 million (up from $17.6 million).
  • Gross R&D Expenses: $37.0 million (down from $37.4 million).
• Liquidity and Cash Flow:
  • Cash and Cash Equivalents: $124.3 million (up from $111.7 million at year-end).
  • Cash Generated from Operations: $33.5 million (up from $22.3 million in Q1 2025).
  • Cash Used in Financing Activities: $20.2 million, driven by dividends paid ($15.1 million), stock repurchases ($3.8 million), and lease payments ($1.1 million).
• Balance Sheet:
  • Total Assets: $488.3 million.
  • Shareholders' Equity: $262.1 million.
  • Working Capital: $202.6 million.
• Backlog and Shipments:
  • Purchase Order Backlog: Exceeded $252 million as of August 2025.
  • August 2025 Shipments: $41 million.
• Dividend:
  • Declared: $0.20 per share.
  • Record Date: September 18, 2025.
  • Payment Date: On or about September 25, 2025.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.