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.
安大略省伯靈頓--(Newsfile Corp.,2024年3月14日)——軟件定義視頻網絡(“SDVN”)技術的領導者埃弗茲科技有限公司(TSX:ET)今天公佈了截至2024年1月31日的第三季度業績。
Third Quarter 2024 Highlights
2024 年第三季度亮點
- 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
- 創紀錄的季度收入爲1.353億美元,比上年增長22%或2440萬美元
- 國際季度收入爲5,480萬美元,比上年增長38%
- 美國/加拿大季度收入爲8,050萬美元,比上年增長13%
- 本季度外匯前運營收益爲2920萬美元,比上年增長48%
- 本季度淨收益爲1,900萬美元
- 本季度全面攤薄後的每股收益爲0.24美元
Selected Financial Information
Consolidated Statement of Earnings Data
(in thousands of dollars, except earnings per share and share data)
精選財務信息
合併收益表數據
(以千美元計,每股收益和股票數據除外)
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 | |||||
運營收益 | 26,398 | 17,465 | |||||
外匯之前的運營收益 | 29,238 | 19,790 | |||||
淨收益 | 19,024 | 12,097 | |||||
全面攤薄後的每股收益 | $ | 0.24 | $ | 0.16 | |||
完全攤薄後的股票 | 76,878,395 | 76,305,533 |
Selected Financial Information
Consolidated Balance Sheet Data
(in thousands of dollars)
精選財務信息
合併資產負債表數據
(以千美元計)
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 | ||||||
現金和現金等價物 | 69,712 | $ | 12,468 | ||||
營運資金 | 199,581 | 171,428 | |||||
總資產 | 472,769 | 436,652 | |||||
股東權益 | 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,收入爲1.353億美元,而截至2023年1月31日的季度收入爲1.109億美元。本季度,美國/加拿大地區的收入爲8,050萬美元,而去年同期爲7,120萬美元。該國際地區的收入爲5,480萬美元,而去年同期爲3,960萬美元。
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,毛利率爲7,970萬美元,而去年同期爲6,560萬美元。毛利率約爲58.9%,而截至2023年1月31日的季度爲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,淨收益爲1,900萬美元,而去年同期爲1,210萬美元。
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,全面攤薄後的每股收益爲0.24美元,而去年同期爲0.16美元。
Operating Expenses
運營費用
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,銷售和管理費用爲1,830萬美元,而截至2023年1月31日的季度爲1,630萬美元。
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,研發支出總額爲3,400萬美元,而截至2023年1月31日的季度爲3,020萬美元。
Liquidity and Capital Resources
流動性和資本資源
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,該公司的營運資金爲1.996億美元,而2023年4月30日爲1.714億美元。
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,現金及現金等價物爲6,970萬美元,而2023年4月30日的現金爲1,250萬美元。
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,運營產生的現金爲3,020萬美元,而截至2023年1月31日的季度產生的現金爲1,620萬美元。在考慮稅收以及非現金營運資金和當期稅變動之前,公司截至2024年1月31日的季度運營收入爲2,500萬美元,而去年同期爲1,960萬美元。
For the quarter, the Company used $0.6 million for investing activities.
在本季度,該公司將60萬美元用於投資活動。
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,公司在融資活動中使用現金1,610萬美元,這主要是由於支付了1,480萬美元的股息。
Shipments and Backlog
發貨和待辦事項
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,積壓的採購訂單超過2.92億美元,2024年2月的出貨量爲4000萬美元。
Dividend Declared
已宣佈分紅
Evertz Board of Directors declared a regular quarterly dividend on March 14, 2024 of $0.195 per share.
埃弗茲董事會於2024年3月14日宣佈定期派發每股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.
股息將於2024年3月21日支付給登記在冊的股東,並將於2024年3月29日左右支付。
Selected Consolidated Financial Information
(in thousands of dollars, except earnings per share and percentages)
精選的合併財務信息
(以千美元計,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 |
三個月期限已結束 | 九個月期限已結束 | ||||||||||||
1月31日 | 1月31日 | ||||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||||
收入 | $ | 135,278 | $ | 110,873 | $ | 391,846 | $ | 325,659 | |||||
銷售商品的成本 | 55,545 | 45,262 | 162,058 | 134,047 | |||||||||
毛利率 | 79,733 | 65,611 | 229,788 | 191,612 | |||||||||
開支 | |||||||||||||
銷售和管理 | 18,262 | 16,342 | 52,160 | 43,997 | |||||||||
普通的 | 1,056 | 1,157 | 3,388 | 3,381 | |||||||||
研究和開發 | 33,967 | 30,225 | 98,124 | 87,260 | |||||||||
投資稅收抵免 | (3,987) | (3,550) | (10,594) | (9,912) | |||||||||
基於股份的薪酬 | 1,197 | 1,647 | 3,876 | 3,439 | |||||||||
外匯收益 | 2,840 | 2,325 | 1,979 | (1,714) | |||||||||
53,335 | 48,146 | 148,933 | 126,451 | ||||||||||
未註明前的收益 | 26,398 | 17,465 | 80,855 | 65,161 | |||||||||
財務收入(成本) | 90 | (686) | 42 | (1,143) | |||||||||
通過損益計算的投資淨虧損 | - | (675) | (2,704) | (2,087) | |||||||||
其他(支出)收入 | (526) | 118 | (404) | (42) | |||||||||
所得稅前收益 | 25,962 | 16,222 | 77,789 | 61,889 | |||||||||
(收回)所得稅準備金 | |||||||||||||
當前 | 6,045 | 3,376 | 20,481 | 16,545 | |||||||||
已推遲 | 893 | 749 | 141 | (660) | |||||||||
6,938 | 4,125 | 20,622 | 15,885 | ||||||||||
該期間的淨收益 | $ | 19,024 | $ | 12,097 | $ | 57,167 | $ | 46,004 | |||||
歸屬於非控股權益的淨收益 | 302 | 146 | 760 | 395 | |||||||||
歸屬於股東的淨收益 | 18,722 | 11,951 | 56,407 | 45,609 | |||||||||
該期間的淨收益 | $ | 19,024 | $ | 12,097 | $ | 57,167 | $ | 46,004 | |||||
每股收益 | |||||||||||||
基本 | $ | 0.25 | $ | 0.16 | $ | 0.74 | $ | 0.60 | |||||
稀釋 | $ | 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 |
合併資產負債表數據 | 截至目前 | 截至目前 | |||||
2024年1月31日 | 2023年4月30日 | ||||||
現金和現金等價物 | $ | 69,712 | $ | 12,468 | |||
庫存 | $ | 207,046 | $ | 202,479 | |||
營運資金 | $ | 199,581 | $ | 171,428 | |||
總資產 | $ | 472,769 | $ | 436,652 | |||
股東權益 | $ | 260,158 | $ | 243,098 | |||
已發行普通股數量: | |||||||
基本 | 76,064,535 | 76,145,758 | |||||
完全稀釋 | 81,739,985 | 82,446,008 | |||||
已發行股票的加權平均數: | |||||||
基本 | 76,084,597 | 76,200,248 | |||||
完全稀釋 | 76,878,395 | 76,232,462 |
Forward-Looking Statements
前瞻性陳述
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.
該報告包含前瞻性陳述,反映了埃弗茲的目標、估計和預期。此類前瞻性陳述使用諸如 “可能”、“將”、“期望”、“相信”、“預測”、“計劃”、“打算”、“項目”、“繼續” 等詞語以及其他具有前瞻性質或否定詞語的類似術語。
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.
儘管公司管理層認爲此類前瞻性陳述中反映的預期是合理的,但所有前瞻性陳述都涉及涉及已知和未知風險、不確定性和其他因素的事項。因此,存在或將會有許多重要因素可能導致公司的實際業績、業績或成就或行業業績與此類前瞻性陳述所表達或暗示的任何未來業績、業績或成就存在重大差異。
Conference Call
電話會議
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.
該公司將與金融分析師舉行電話會議,討論以下結果
2024 年 3 月 14 日下午 5:00(美國東部時間)。邀請媒體和其他有關各方以僅限收聽的模式參加電話會議。撥打 416-764-8646 或免費電話(北美)1-888-396-8049 即可參加電話會議。
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.
對於那些無法收聽直播的人,重播也將持續到2024年4月14日星期日。可以撥打416-764-8692或免費電話1-877-674-7070觀看轉播。重播的密碼是 032158。
About Evertz
關於 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(多倫多證券交易所股票代碼:ET)爲電視、電信和新媒體行業設計、製造和銷售視頻和音頻基礎設施解決方案。該公司的解決方案由內容創作者、廣播公司、專業頻道和電視服務提供商購買,以支持其日益複雜的多頻道數字、高清和超高清電視(“HDTV” 和 “UHD”)和下一代高帶寬低延遲IP網絡環境,以及電信和新媒體公司。該公司的產品通過高效的信號路由、分發、內容監控和管理,以及在本地和 “雲端” 中自動化和協調更加簡化和靈活的工作流程,使客戶能夠創造額外收入,同時降低成本。
For further information, please contact:
欲了解更多信息,請聯繫:
Doug Moore, CPA, CA
Chief Financial Officer
道格·摩爾,加利福尼亞州註冊會計師
首席財務官
(905) 335-3700
ir@evertz.com
(905) 335-3700
ir@evertz.com
譯文內容由第三人軟體翻譯。