Evertz Technologies Reports Record Quarterly Revenue of $135.3 Million in the Third Quarter Ended January 31, 2024
Evertz Technologies Reports Record Quarterly Revenue of $135.3 Million in the Third Quarter Ended January 31, 2024
Burlington, Ontario--(Newsfile Corp. - March 14, 2024) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, today reported its results for the third quarter ended January 31, 2024.
安大略省伯灵顿--(Newsfile Corp.,2024年3月14日)——软件定义视频网络(“SDVN”)技术的领导者埃弗兹科技有限公司(TSX:ET)今天公布了截至2024年1月31日的第三季度业绩。
Third Quarter 2024 Highlights
2024 年第三季度亮点
- Record Quarterly revenue of $135.3 million, an increase of 22% or $24.4 million from the prior year
- International quarterly revenue of $54.8 million, an increase of 38% from the prior year
- US/Canada quarterly revenue of $80.5 million, an increase of 13% from the prior year
- Earnings from operations before foreign exchange of $29.2 million for the quarter, an increase of 48% from the prior year
- Net earnings of $19.0 million for the quarter
- Fully diluted earnings per share of $0.24 for the quarter
- 创纪录的季度收入为1.353亿美元,比上年增长22%或2440万美元
- 国际季度收入为5,480万美元,比上年增长38%
- 美国/加拿大季度收入为8,050万美元,比上年增长13%
- 本季度外汇前运营收益为2920万美元,比上年增长48%
- 本季度净收益为1,900万美元
- 本季度全面摊薄后的每股收益为0.24美元
Selected Financial Information
Consolidated Statement of Earnings Data
(in thousands of dollars, except earnings per share and share data)
精选财务信息
合并收益表数据
(以千美元计,每股收益和股票数据除外)
Q3 ' 24 | Q3 ' 23 | ||||||
Revenue | $ | 135,278 | $ | 110,873 | |||
Gross margin | 79,733 | 65,611 | |||||
Earnings from operations | 26,398 | 17,465 | |||||
Earnings from operations before FX | 29,238 | 19,790 | |||||
Net earnings | 19,024 | 12,097 | |||||
Fully-diluted earnings per share | $ | 0.24 | $ | 0.16 | |||
Fully-diluted shares | 76,878,395 | 76,305,533 |
Q3 '24 | Q3 '23 | ||||||
收入 | $ | 135,278 | $ | 110,873 | |||
毛利率 | 79,733 | 65,611 | |||||
运营收益 | 26,398 | 17,465 | |||||
外汇之前的运营收益 | 29,238 | 19,790 | |||||
净收益 | 19,024 | 12,097 | |||||
全面摊薄后的每股收益 | $ | 0.24 | $ | 0.16 | |||
完全摊薄后的股票 | 76,878,395 | 76,305,533 |
Selected Financial Information
Consolidated Balance Sheet Data
(in thousands of dollars)
精选财务信息
合并资产负债表数据
(以千美元计)
Q3 ' 24 | YE '23 | ||||||
Cash and cash equivalents | 69,712 | $ | 12,468 | ||||
Working capital | 199,581 | 171,428 | |||||
Total assets | 472,769 | 436,652 | |||||
Shareholders' equity | 260,158 | 243,099 |
Q3 '24 | 是 '23 | ||||||
现金和现金等价物 | 69,712 | $ | 12,468 | ||||
营运资金 | 199,581 | 171,428 | |||||
总资产 | 472,769 | 436,652 | |||||
股东权益 | 260,158 | 243,099 |
Revenue
收入
For the quarter ended January 31, 2024, revenues were $135.3 million compared to revenues of $110.9 million for the quarter ended January 31, 2023. For the quarter, revenues in the United States/Canada region were $80.5 million compared to $71.2 million in the same quarter last year. The International region had revenues of $54.8 million compared to $39.6 million in the same quarter last year.
截至2024年1月31日的季度,收入为1.353亿美元,而截至2023年1月31日的季度收入为1.109亿美元。本季度,美国/加拿大地区的收入为8,050万美元,而去年同期为7,120万美元。该国际地区的收入为5,480万美元,而去年同期为3,960万美元。
Gross Margin
毛利率
For the quarter ended January 31, 2024, gross margin was $79.7 million as compared to $65.6 million in the same quarter last year. Gross margin percentage was approximately 58.9% as compared to 59.2% in the quarter ended January 31, 2023.
截至2024年1月31日的季度,毛利率为7,970万美元,而去年同期为6,560万美元。毛利率约为58.9%,而截至2023年1月31日的季度为59.2%。
Earnings
收益
For the quarter ended January 31, 2024, net earnings were $19.0 million as compared to $12.1 million in the corresponding period last year.
截至2024年1月31日的季度,净收益为1,900万美元,而去年同期为1,210万美元。
For the quarter ended January 31, 2024, earnings per share on a fully-diluted basis were $0.24 as compared to $0.16 in the corresponding period last year.
截至2024年1月31日的季度,全面摊薄后的每股收益为0.24美元,而去年同期为0.16美元。
Operating Expenses
运营费用
For the quarter ended January 31, 2024, selling and administrative expenses were $18.3 million as compared to $16.3 million for the quarter ended January 31, 2023.
截至2024年1月31日的季度,销售和管理费用为1,830万美元,而截至2023年1月31日的季度为1,630万美元。
For the quarter ended January 31, 2024, gross research and development expenses were $34.0 million as compared to $30.2 million for the quarter ended January 31, 2023.
截至2024年1月31日的季度,研发支出总额为3,400万美元,而截至2023年1月31日的季度为3,020万美元。
Liquidity and Capital Resources
流动性和资本资源
The Company's working capital as at January 31, 2024 was $199.6 million as compared to $171.4 million on April 30, 2023.
截至2024年1月31日,该公司的营运资金为1.996亿美元,而2023年4月30日为1.714亿美元。
Cash and cash equivalent $69.7 million as at January 31, 2024 as compared to $12.5 million in cash on April 30, 2023.
截至2024年1月31日,现金及现金等价物为6,970万美元,而2023年4月30日的现金为1,250万美元。
Cash generated from operations was $30.2 million for the quarter ended January 31, 2024 as compared to $16.2 million cash generated for the quarter ended January 31, 2023. Before taking into account taxes and the changes in non-cash working capital and current taxes, the Company generated $25.0 million from operations for the quarter ended January 31, 2024 compared to $19.6 million for the same period last year.
截至2024年1月31日的季度,运营产生的现金为3,020万美元,而截至2023年1月31日的季度产生的现金为1,620万美元。在考虑税收以及非现金营运资金和当期税变动之前,公司截至2024年1月31日的季度运营收入为2,500万美元,而去年同期为1,960万美元。
For the quarter, the Company used $0.6 million for investing activities.
在本季度,该公司将60万美元用于投资活动。
For the quarter ended, the Company used cash in financing activities of $16.1 million which was principally a result of the payment of dividends of $14.8 million.
截至本季度,公司在融资活动中使用现金1,610万美元,这主要是由于支付了1,480万美元的股息。
Shipments and Backlog
发货和待办事项
At the end of February 2024, purchase order backlog was in excess of $292 million and shipments during the month of February 2024 were $40 million.
截至2024年2月底,积压的采购订单超过2.92亿美元,2024年2月的出货量为4000万美元。
Dividend Declared
已宣布分红
Evertz Board of Directors declared a regular quarterly dividend on March 14, 2024 of $0.195 per share.
埃弗兹董事会于2024年3月14日宣布定期派发每股0.195美元的季度股息。
The dividend is payable to shareholders of record on March 21, 2024 and will be paid on or about March 29, 2024.
股息将于2024年3月21日支付给登记在册的股东,并将于2024年3月29日左右支付。
Selected Consolidated Financial Information
(in thousands of dollars, except earnings per share and percentages)
精选的合并财务信息
(以千美元计,每股收益和百分比除外)
Three month period ended | Nine month period ended | ||||||||||||
January 31, | January 31, | ||||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||||
Revenue | $ | 135,278 | $ | 110,873 | $ | 391,846 | $ | 325,659 | |||||
Cost of goods sold | 55,545 | 45,262 | 162,058 | 134,047 | |||||||||
Gross margin | 79,733 | 65,611 | 229,788 | 191,612 | |||||||||
Expenses | |||||||||||||
Selling and administrative | 18,262 | 16,342 | 52,160 | 43,997 | |||||||||
General | 1,056 | 1,157 | 3,388 | 3,381 | |||||||||
Research and development | 33,967 | 30,225 | 98,124 | 87,260 | |||||||||
Investment tax credits | (3,987) | (3,550) | (10,594) | (9,912) | |||||||||
Share based compensation | 1,197 | 1,647 | 3,876 | 3,439 | |||||||||
Foreign exchange gain | 2,840 | 2,325 | 1,979 | (1,714) | |||||||||
53,335 | 48,146 | 148,933 | 126,451 | ||||||||||
Earnings before undernoted | 26,398 | 17,465 | 80,855 | 65,161 | |||||||||
Finance income (costs) | 90 | (686) | 42 | (1,143) | |||||||||
Net loss on investments through profit and loss | - | (675) | (2,704) | (2,087) | |||||||||
Other (expenses) income | (526) | 118 | (404) | (42) | |||||||||
Earnings before income taxes | 25,962 | 16,222 | 77,789 | 61,889 | |||||||||
Provision for (recovery of) income taxes | |||||||||||||
Current | 6,045 | 3,376 | 20,481 | 16,545 | |||||||||
Deferred | 893 | 749 | 141 | (660) | |||||||||
6,938 | 4,125 | 20,622 | 15,885 | ||||||||||
Net earnings for the period | $ | 19,024 | $ | 12,097 | $ | 57,167 | $ | 46,004 | |||||
Net earnings attributable to non-controlling interest | 302 | 146 | 760 | 395 | |||||||||
Net earnings attributable to shareholders | 18,722 | 11,951 | 56,407 | 45,609 | |||||||||
Net earnings for the period | $ | 19,024 | $ | 12,097 | $ | 57,167 | $ | 46,004 | |||||
Earnings per share | |||||||||||||
Basic | $ | 0.25 | $ | 0.16 | $ | 0.74 | $ | 0.60 | |||||
Diluted | $ | 0.24 | $ | 0.16 | $ | 0.73 | $ | 0.60 |
三个月期限已结束 | 九个月期限已结束 | ||||||||||||
1月31日 | 1月31日 | ||||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||||
收入 | $ | 135,278 | $ | 110,873 | $ | 391,846 | $ | 325,659 | |||||
销售商品的成本 | 55,545 | 45,262 | 162,058 | 134,047 | |||||||||
毛利率 | 79,733 | 65,611 | 229,788 | 191,612 | |||||||||
开支 | |||||||||||||
销售和管理 | 18,262 | 16,342 | 52,160 | 43,997 | |||||||||
普通的 | 1,056 | 1,157 | 3,388 | 3,381 | |||||||||
研究和开发 | 33,967 | 30,225 | 98,124 | 87,260 | |||||||||
投资税收抵免 | (3,987) | (3,550) | (10,594) | (9,912) | |||||||||
基于股份的薪酬 | 1,197 | 1,647 | 3,876 | 3,439 | |||||||||
外汇收益 | 2,840 | 2,325 | 1,979 | (1,714) | |||||||||
53,335 | 48,146 | 148,933 | 126,451 | ||||||||||
未注明前的收益 | 26,398 | 17,465 | 80,855 | 65,161 | |||||||||
财务收入(成本) | 90 | (686) | 42 | (1,143) | |||||||||
通过损益计算的投资净亏损 | - | (675) | (2,704) | (2,087) | |||||||||
其他(支出)收入 | (526) | 118 | (404) | (42) | |||||||||
所得税前收益 | 25,962 | 16,222 | 77,789 | 61,889 | |||||||||
(收回)所得税准备金 | |||||||||||||
当前 | 6,045 | 3,376 | 20,481 | 16,545 | |||||||||
已推迟 | 893 | 749 | 141 | (660) | |||||||||
6,938 | 4,125 | 20,622 | 15,885 | ||||||||||
该期间的净收益 | $ | 19,024 | $ | 12,097 | $ | 57,167 | $ | 46,004 | |||||
归属于非控股权益的净收益 | 302 | 146 | 760 | 395 | |||||||||
归属于股东的净收益 | 18,722 | 11,951 | 56,407 | 45,609 | |||||||||
该期间的净收益 | $ | 19,024 | $ | 12,097 | $ | 57,167 | $ | 46,004 | |||||
每股收益 | |||||||||||||
基本 | $ | 0.25 | $ | 0.16 | $ | 0.74 | $ | 0.60 | |||||
稀释 | $ | 0.24 | $ | 0.16 | $ | 0.73 | $ | 0.60 |
Consolidated Balance Sheet Data | As at | As at | |||||
January 31, 2024 | April 30, 2023 | ||||||
Cash and cash equivalents | $ | 69,712 | $ | 12,468 | |||
Inventory | $ | 207,046 | $ | 202,479 | |||
Working capital | $ | 199,581 | $ | 171,428 | |||
Total assets | $ | 472,769 | $ | 436,652 | |||
Shareholders' equity | $ | 260,158 | $ | 243,098 | |||
Number of common shares outstanding: | |||||||
Basic | 76,064,535 | 76,145,758 | |||||
Fully-diluted | 81,739,985 | 82,446,008 | |||||
Weighted average number of shares outstanding: | |||||||
Basic | 76,084,597 | 76,200,248 | |||||
Fully-diluted | 76,878,395 | 76,232,462 |
合并资产负债表数据 | 截至目前 | 截至目前 | |||||
2024年1月31日 | 2023年4月30日 | ||||||
现金和现金等价物 | $ | 69,712 | $ | 12,468 | |||
库存 | $ | 207,046 | $ | 202,479 | |||
营运资金 | $ | 199,581 | $ | 171,428 | |||
总资产 | $ | 472,769 | $ | 436,652 | |||
股东权益 | $ | 260,158 | $ | 243,098 | |||
已发行普通股数量: | |||||||
基本 | 76,064,535 | 76,145,758 | |||||
完全稀释 | 81,739,985 | 82,446,008 | |||||
已发行股票的加权平均数: | |||||||
基本 | 76,084,597 | 76,200,248 | |||||
完全稀释 | 76,878,395 | 76,232,462 |
Forward-Looking Statements
前瞻性陈述
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.
该报告包含前瞻性陈述,反映了埃弗兹的目标、估计和预期。此类前瞻性陈述使用诸如 “可能”、“将”、“期望”、“相信”、“预测”、“计划”、“打算”、“项目”、“继续” 等词语以及其他具有前瞻性质或否定词语的类似术语。
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.
尽管公司管理层认为此类前瞻性陈述中反映的预期是合理的,但所有前瞻性陈述都涉及涉及已知和未知风险、不确定性和其他因素的事项。因此,存在或将会有许多重要因素可能导致公司的实际业绩、业绩或成就或行业业绩与此类前瞻性陈述所表达或暗示的任何未来业绩、业绩或成就存在重大差异。
Conference Call
电话会议
The Company will hold a conference call with financial analysts to discuss the results on
March 14, 2024 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 416-764-8646 or Toll-Free (North America) 1-888-396-8049.
该公司将与金融分析师举行电话会议,讨论以下结果
2024 年 3 月 14 日下午 5:00(美国东部时间)。邀请媒体和其他有关各方以仅限收听的模式参加电话会议。拨打 416-764-8646 或免费电话(北美)1-888-396-8049 即可参加电话会议。
For those unable to listen to the live call, a rebroadcast will also be available until Sunday, April 14, 2024. The rebroadcast can be accessed at 416-764-8692 or Toll-Free 1-877-674-7070. The pass code for the rebroadcast is 032158.
对于那些无法收听直播的人,重播也将持续到2024年4月14日星期日。可以拨打416-764-8692或免费电话1-877-674-7070观看转播。重播的密码是 032158。
About Evertz
关于 Evertz
Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company's solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high definition television ("HDTV" and "UHD") and next generation high bandwidth low latency IP network environments and by telecommunications and new-media companies. The Company's products allow its customers to generate additional revenue while reducing costs through efficient 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".
Evertz Technologies Limited(多伦多证券交易所股票代码:ET)为电视、电信和新媒体行业设计、制造和销售视频和音频基础设施解决方案。该公司的解决方案由内容创作者、广播公司、专业频道和电视服务提供商购买,以支持其日益复杂的多频道数字、高清和超高清电视(“HDTV” 和 “UHD”)和下一代高带宽低延迟IP网络环境,以及电信和新媒体公司。该公司的产品通过高效的信号路由、分发、内容监控和管理,以及在本地和 “云端” 中自动化和协调更加简化和灵活的工作流程,使客户能够创造额外收入,同时降低成本。
For further information, please contact:
欲了解更多信息,请联系:
Doug Moore, CPA, CA
Chief Financial Officer
道格·摩尔,加利福尼亚州注册会计师
首席财务官
(905) 335-3700
ir@evertz.com
(905) 335-3700
ir@evertz.com