BURLINGTON, ON – Evertz Technologies posted revenues of $99.8 million for its third quarter ended January 31, 2016, up 10% from the $90.7 million it posted in the third quarter of fiscal 2015.
Quarterly net earnings of $24.4 million grew 15% from $21.2 million year-over-year. Gross margin was $57.0 million compared to $51.0 million last year, and gross margin percentage was approximately 57.1 % versus 56.2 % in the quarter ended January 31, 2015.
The software defined video network technology company reported revenues in the United States/Canada region of $53.6 million, up from $53.6 million in the same quarter last year. The International region saw its revenues grow to $46.2 million from $37.2 year-over-year.
At the end of February 2016, purchase order backlog was in excess of $60 million and shipments during the month were $28 million.
The Evertz Board of Directors declared a regular quarterly dividend on March 2, 2016 of $0.18 per share.
