Evertz Technologies Limited (ET) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the fourth quarter Everts Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Wednesday, June 25 of 2025. I would now like to turn the conference over to Brian Capra, Executive Vice President of Business Development. Please go ahead. Thank you, Chloe. Good afternoon, everyone, and welcome to Everett Technologies' conference call for our fiscal 2025 fourth quarter ended April 30, 2025, with Doug Moore, Everett's Chief Financial Officer, and myself, Brian Campbell. Please note that our financial press release and MD&A will be available on CDAR and on the company's investor website. Doug and I will comment on the financial results and then open the call to your questions. Turning now to Ebert's results, I will begin by providing a few highlights, and then Doug will provide additional details. First off, for the second year in a row, annual revenues exceeded 1%. half a billion dollars, coming in at $501.6 million, down 2.5% from the prior year. Revenues included $374.4 million in the US-Canada region, up 10.8% from the prior year. Recurring software services and other software revenues increased 17.8% year-over-year, totaling $222.6 million in the year, which represents 44.4% of the total revenue. Gross margin was $298.5 million, with margin rates strengthening slightly to 59.5% on an annual basis. Net earnings were $59.7 million, resulting in fully diluted earnings per share of 77 cents. Investment in research and development totaled $146.8 million, up from $134.8 million in the prior year. We c...