Evertz Technologies Announces Fiscal 2026 Year End Results Ready to Announce with Confidence?

Attention Business/Financial Editors:

Burlington, Ontario--(Newsfile Corp. - June 24, 2026) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, today reported its results for the fourth quarter and year ended April 30, 2026.

Fiscal 2026 Highlights

Fourth Quarter 2026 Highlights

Selected Financial Information

Consolidated Statement of Earnings Data

(in thousands of dollars, except earnings per share and share data)

Selected Financial Information

Consolidated Balance Sheet Data

(in thousands of dollars)

Revenue

For the quarter ended April 30, 2026, revenues were $131.6 million compared to revenues of $127.8 million for the quarter ended April 30, 2025. For the quarter, revenues in the United States/Canada region were $94.2 million, compared to $106.5 million in the same quarter last year. The International region had revenues of $37.4 million, an increase of $16.1 million compared to $21.3 million in the same quarter last year.

For the year ended, April 30, 2026, sales were $515.8 million compared to sales of $501.6 million for the year ended April 30, 2025. For the year, revenues in the United States/Canada region were $367.8 million compared to $374.4 million in the prior year. The International region had revenues of $148.0 million compared to $127.2 million, an increase of $20.8 million from the prior year.

Gross Margin

For the quarter ended April 30, 2026, gross margin was $78.1 million as compared to $78.9 million in the same quarter last year. Gross margin percentage was approximately 59.3% as compared to 61.7% in the quarter ended April 30, 2025.

For the year ended April 30, 2026, gross margin was $306.0 million as compared to $298.5 million for the year ended April 30, 2025. Gross margin percentage was approximately 59.3% as compared to 59.5% for the prior year.

Earnings

For the quarter ended April 30, 2026, net earnings were $15.2 million as compared to $13.0 million in the corresponding period last year.

For the year ended April 30, 2026, net earnings were $64.4 million as compared to $59.7 million in the corresponding period last year.

For the quarter ended April 30, 2026, earnings per share on a fully-diluted basis were $0.20 as compared to $0.17 in the corresponding period last year.

For the year ended April 30, 2026, earnings per share on a fully-diluted basis were $0.83 as compared to $0.77 in the same period in 2025.

Operating Expenses

For the quarter ended April 30, 2026, selling and administrative expenses were $20.7 million as compared to $20.7 million for the quarter ended April 30, 2025.

For the year ended April 30, 2026, selling and administrative expenses were $77.0 million as compared to $75.9 million for the year ended April 30, 2025.

For the quarter ended April 30, 2026, gross research and development expenses were $37.7 million as compared to $36.5 million for the quarter ended April 30, 2025.

For the year ended April 30, 2026, gross research and development expenses were $148.1 million as compared to $146.8 million for the year ended April 30, 2025.

Liquidity and Capital Resources

The Company's working capital as at April 30, 2026 was $131.7 million as compared to $206.9 million on April 30, 2025.

Cash was $19.1 million as at April 30, 2026 as compared to $111.7 million on April 30, 2025.

Cash generated from operations was $18.4 million for the quarter ended April 30, 2026 as compared to $33.3 million cash generated for the quarter ended April 30, 2025. Before taking into account taxes and the changes in non-cash working capital and current taxes, the Company generated $19.1 million from operations for the quarter ended April 30, 2026 compared to $17.7 million for the same period last year.

Cash generated by operations was $76.2 million for the 2026 fiscal year as compared to cash provided by operations of $99.6 million for the 2025 fiscal year. Before taking into account taxes and the changes in non-cash working capital and current taxes, the Company generated $86.4 million from operations for fiscal 2026 as compared to $79.6 million for fiscal 2025.

For the quarter, the Company used $3.9 million for investing activities.

For the year, the Company used $17.8 million in investing activities which was principally driven by the acquisition of property, plant and equipment for $18.7 million and partly offset by the disposal of property, plant and equipment for $0.9 million.

For the quarter ended, the Company used cash in financing activities of $17.1 million which was principally a result of the payment of dividends of $15.4 million.

For the year ended April 30, 2026, the Company used cash in financing activities of $147.1 million which was principally a result of the payment of dividends of $136.7 million, including a special dividend of $75.5 million, capital stock repurchase of $4.1 million and $4.5 million of lease payments.

Shipments and Backlog

At the end of May 2026, purchase order backlog was in excess of $237 million and shipments during the month of May 2026 were $33 million.

Dividend Declared

Evertz Board of Directors declared a regular quarterly dividend on June 24, 2026 of $0.205 per share.

The dividend is payable to shareholders of record on July 6, 2026 and will be paid on or about July 13, 2026.

Selected Consolidated Financial Information

(in thousands of dollars, except earnings per share and percentages)

Selected Consolidated Financial Information - Continued

(in thousands of dollars, except earnings per share and percentages)

Forward-Looking Statements

The report contains forward-looking statements reflecting Evertz's objectives, estimates and expectations. Such forward-looking statements use words such as "may", "will", "expect", "believe", "anticipate", "plan", "intend", "project", "continue" and other similar terminology of a forward-looking nature or negatives of those terms.

Although management of the Company believes that the expectations reflected in such forward-looking statements are reasonable, all forward-looking statements address matters that involve known and unknown risks, uncertainties and other factors. Accordingly, there are or will be a number of significant factors which could cause the Company's actual results, performance or achievements, or industry results to be materially different from any future results performance or achievements expressed or implied by such forward-looking statements.

Conference Call

The Company will hold a conference call with financial analysts to discuss the results on June 24, 2026 at 5:00 p.m. (EDT). Media and other interested parties are invited to join the conference call in listen-only mode. The conference call may be accessed by dialing 289-514-5100 or toll-free (North America) 1-800-717-1738.

For those unable to listen to the live call, a rebroadcast will also be available until July 24, 2026. The rebroadcast can be accessed at 289-819-1325 or toll-free 1-888-660-6264. The passcode for the rebroadcast is 92814#.

About Evertz

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company's solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments. The Company's products allow its customers to generate additional revenue while reducing costs through efficient, highly reliable and secure signal routing, distribution, monitoring and management of content as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the "Cloud."

For further information, please contact:

Doug Moore, CPA, CA

Chief Financial Officer

(905) 335-3700

ir@evertz.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302735

Source: Evertz Technologies Limited

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