Record Quarterly Sales
Evertz reported record-high quarterly sales of $136.9 million, marking a 9% sequential increase and a 1% year-over-year increase.
Strong U.S. and Canada Revenue Growth
Revenue from the U.S. and Canada increased by 23% quarter-over-quarter, totaling $99.1 million, and by 11% year-over-year for the nine months ended January 31, 2025.
Growth in Software Services
Recurring software services and other software revenues increased by 6.3% year-over-year, totaling $55 million in the quarter.
Robust Order Backlog
Evertz's purchase order backlog was in excess of $269 million in February 2025, with shipments during the month totaling $39 million.
Dividend Declaration
Evertz's board declared a regular quarterly dividend of $0.20 per share, payable on or about March 20.