BURLINGTON, ON – Evertz Technologies posted revenues of $82.9 million for its second quarter ended October 31, 2014, a 2% lift from the $81.2 million it posted in the second quarter of fiscal 2014.
Quarterly net earnings dropped to $14.3 million from $15.6 million year-over-year. Gross margin was virtually flat at $46.6 million, and gross margin percentage was approximately 56.2% compared to 57.4% in the quarter ended October 31, 2013.
The broadcast gear manufacturer reported revenues in the United States/Canada region of $82.9 million as compared to revenues of $81.2 million in the same quarter last year. The International region saw revenues fall to $37.5 million from $43.1 million year-over-year.
At the end of November 2014, purchase order backlog was in excess of $64 million and shipments during the month of November 2014 were $26 million.
The Evertz Board of Directors approved a 13% increase of the dividend to $0.18 per share from $0.16 per share, marking the seventh dividend increase in the past seven years, which it says reflects the underlying strength of the company's cash flow and business outlook.
