
BURLINGTON, ON – Evertz Technologies reported “record” quarterly revenue of $98.0 million for its first quarter ended July 31, 2014, a 54% jump from the $63.9 million it posted in the first quarter of 2013.
Quarterly net earnings increased to $19.7 million over $11.8 million year-over-year. Gross margin was $55.8 million compared to $36.7 million in the same quarter last year, and gross margin percentage was approximately 57% versus 57.5% in the quarter ended July 31, 2013.
The broadcast gear manufacturer posted revenues in the United States/Canada region of $55.5 million, a 55% increase from $33.8 million in the same quarter last year. The International region recorded revenues of $42.5 million, a 52% increase year-over-year.
At the end of August 2014, purchase order backlog was in excess of $46 million and shipments during the month were $25 million.
Evertz Technologies designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries.