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

Core Insights - Evertz Technologies reported a quarterly revenue of $132.7 million for the second quarter ended October 31, 2025, representing an increase of $7.5 million or 6.0% compared to the same quarter last year [4][5][6] - The company declared a regular quarterly dividend of $0.205 per share and a special dividend of $1.00 per share, reflecting strong operational performance and a solid balance sheet [10][11] Financial Performance - Revenue for Q2 2026 was $132.7 million, up from $125.3 million in Q2 2025, with a gross margin of $77.8 million [2][4] - Earnings from operations increased to $25.0 million, a 17.0% rise from the previous quarter, while net earnings reached $18.6 million, up 16.9% from the prior quarter [4][6] - Fully diluted earnings per share rose to $0.24 from $0.21 in the same period last year [6][12] Regional Revenue Breakdown - Revenue from the United States/Canada region was $98.5 million, an increase of $3.7 million or 3.9% year-over-year [5][6] - International revenue was $34.2 million, up $3.8 million or 12.5% compared to the same quarter last year [4][5] Expenses and Cash Flow - Selling and administrative expenses were $19.1 million, compared to $18.4 million in the same quarter last year [6][12] - Cash used from operations was $5.0 million for the quarter, down from $9.7 million used in the same quarter last year [8][9] Liquidity and Capital Resources - As of October 31, 2025, cash and cash equivalents were $96.7 million, down from $111.7 million on April 30, 2025 [7][12] - Working capital was $205.7 million, slightly down from $206.9 million on April 30, 2025 [7][12] Shipments and Backlog - The purchase order backlog exceeded $240 million at the end of November 2025, with shipments during November totaling $46 million [9]