BURLINGTON, ON – Evertz Technologies ended its fiscal 2015 on a high note, posting a “record” annual revenue of $363.6 million, a 12% increase from $325.5 million at the end of fiscal 2014.
Net earnings of $66.4 million for the year also increased from the $63.5 million recorded in the previous year. Gross margin for the year ended April 30, 2015 was $206.1 million as compared to $186.2 million, while gross margin percentage was approximately 56.7% versus 57.2% year-over-year.
Revenues in the United States/Canada region were $204.5 million, up from $172.3 million in the prior year, while the International region had revenues of $159.2 million compared to $153.2 million last year.
At the end of May 2015, purchase order backlog was in excess of $57 million and shipments during the month of May 2015 were $29 million.
For the fourth quarter ended April 30, revenues were $92.0 million, up 5% over $87.2 million in the same quarter last year, while net earnings dropped from $14.8 million to $11.2 million. Revenues in the United States/Canada region were $50.0 million and the International region had revenues of $41.9 million. Gross margin was $52.7 million versus $49.1 million last year and gross margin percentage was approximately 57.3% compared to 56.3% year-over-year.
Evertz Technologies designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries.
