Q2 revenues up, profits dip at Evertz

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...