BURLINGTON, ON – Evertz Technologies ended its fiscal 2014 on a high note, posting “record” annual revenue of $325.5 million, up from $316.3 million at the end of fiscal 2013.
Net earnings of $63.5 million for the year fell from the $65.2 million recorded in 2013. Gross margin was $186.2 million as compared to $181.9 million for the year ended April 30, 2013, while gross margin percentage was approximately 57.2% versus 57.5% year-over-year.
For the fourth quarter ended April 30, revenues were $87.2 million versus $65.4 million in the same quarter year, while net earnings soared 81% to $14.8 million. Revenues in the United States/Canada region were $43.2 million, a 29% increase over the same quarter last year. The International region had revenues of $44.1 million, a 37% increase when compared to the same quarter last year. Gross margin was $49.1 million versus $37.1 million year-over-year and gross margin percentage was approximately 56.3% compared to 56.7%.
At the end of May 2014, purchase order backlog was in excess of $67 million and shipments during the month were $28 million.
Evertz Technologies designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries.
