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Evertz Technologies Reports Record Quarterly Revenue of $139 Million in The Third Quarter Ended January 31, 2026
Attention Business/Financial Editors: Burlington, Ontario--(Newsfile Corp. - March 4, 2026) - E...
About this update from Evertz Technologies Limited
[{"type":"text","content":"Evertz Technologies Reports Record Quarterly Revenue of $139 Million in The Third Quarter Ended January 31, 2026Attention Business/Financial Editors:Burlington, Ontario--(Newsfile Corp. - March 4, 2026) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network (\"SDVN\") technology, today reported its results for the third quarter ended January 31, 2026.Third Quarter 2026 HighlightsRecord quarterly revenue of $139.3 million, an increase of $2.4 million or 2% from the prior year quarterInternational quarterly revenue of $43.7 million up $5.9 million or 15% from the prior year quarterEarnings from operations, before foreign exchange, of $28.1 million, an increase of $3.9 million or of 16% from the prior yearNet earnings of $18.7 million for the quarterFully diluted earnings per share of $0.24 for the quarterSelected Financial Information  Consolidated Statement of Earnings Data   (in thousands of dollars, except earnings per share and share data)   Q3 ' 26    Q3 ' 25 Revenue$ 139,333   $ 136,916 Gross margin 81,246    79,098 Earnings from operations 25,818    28,108 Earnings from operations (before foreign exchange) 28,133    24,213 Net earnings 18,662    21,076 Fully-diluted earnings per share$ 0.24    $ 0.27 Fully-diluted shares76,679,260   76,860,180 Selected Financial InformationConsolidated Balance Sheet Data (in thousands of dollars)   Q3 ' 26    YE ' 25 Cash and cash equivalents$ 24,790   $ 111,665 Working capital 133,184    206,900 Total assets 417,037    469,485 Shareholders' equity 196,529   268,123 RevenueFor the quarter ended January 31, 2026, revenues were $139.3 million, an increase of $2.4 million compared to revenues of $136.9 million for the quarter ended January 31, 2025. For the quarter, revenues in the United States/Canada region were $95.6 million, a decrease compared to $99.1 million in the same quarter last year. The International region had revenues of $43.7 million, an increase of $5.9 million or 15.5% compared to $37.8 million in the same quarter last year.Gross MarginGross margin for the third quarter ended January 31, 2026 was $81.2 million, an increase of $2.1 mil...