Canada · Delayed Price · Currency is CAD Evertz Technologies Earnings Call Transcripts
Fiscal Year 2026
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Record annual sales of CAD 515.8 million were driven by strong software and international growth, with gross margins steady at 59.3%. Defense and aerospace sales rose 12% year-over-year, and the company enters fiscal 2027 with a robust backlog and continued focus on IP-based solutions.
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Record Q3 sales and strong software/services growth drove higher earnings and margins, with international revenue offsetting North American softness. Robust backlog and disciplined expense management position the company for continued momentum into Q4.
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Q2 Fiscal 2026 saw 18% sequential and 6% year-over-year revenue growth, with strong gains in software/services and a robust backlog. Gross margin remained within target despite product mix volatility, and a special dividend was declared, reflecting a strong balance sheet.
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Q1 fiscal 2026 saw sales of $112.1M, 22% net earnings growth, and gross margin at 61.4%. Strong demand for IP/cloud video solutions and a robust backlog support positive momentum, with continued R&D investment and capital returns via dividends and share buybacks.
Fiscal Year 2025
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Annual revenue exceeded CAD 500 million, with strong growth in North America offsetting international declines. Gross margin improved to 59.5% for the year, and recurring software revenue rose 17.8%. Entering fiscal 2026, robust backlog and strong demand support a positive outlook.
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Q3 FY2025 saw record sales of CAD 136.9 million, strong gross margins, and robust US-Canada growth, while international revenue declined. The company is accelerating US manufacturing to mitigate tariff risks and expects continued momentum with a large order backlog.
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Q2 FY2025 saw sequential sales growth, strong North American performance, and robust recurring software revenue. Gross margin remained solid, and a record backlog plus November shipments support a positive outlook. Dividend was increased, reflecting confidence in future prospects.
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Q1 FY2025 saw sales of CAD 111.6 million, with software/services up 26% and gross margin at 59.4%. Strong backlog and cash position support continued investment and dividend growth, with revenue volatility attributed to project timing rather than market weakness.
Fiscal Year 2024
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Fiscal 2024 saw record revenue of CAD 514.6 million, up 13% year-over-year, with net earnings rising 10% to CAD 71 million and a robust order backlog exceeding CAD 295 million. Software and services comprised 37% of revenue, and international sales grew 50%.