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Evertz Technologies Fiscal Q4 Profit and Revenue Drop, Declares Dividend
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Evertz Technologies Fiscal Q4 Profit and Revenue Drop, Declares Dividend
Jun 20, 2024 4:00 AM

06:44 AM EDT, 06/20/2024 (MT Newswires) -- Evertz Technologies ( EVTZF ) , a provider of software-defined video network technology, late on Wednesday reported a decline in fiscal fourth-quarter profit and revenue amid weaker results across geographic areas.

Fiscal fourth-quarter net earnings fell to $13.9 million, or $0.18 per fully diluted share, from $18.6 million, or $0.24 per fully diluted share, a year earlier. Two analysts polled by Capital IQ expected $0.23.

Revenue for the quarter ended April 30 dropped to $122.8 million, down from $128.9 million a year earlier. Two analysts surveyed by Capital IQ expected $132.1 million.

For the quarter, revenue in the US/Canada region came in at $96.5 million, down from $98 million in the same quarter last year. The International region had revenues of $26.3 million, down from $30.9 million a year ago.

Evertz's ( EVTZF ) board declared a regular quarterly dividend of $0.195 per share that will be paid by July 10 to shareholders of record on July 2.

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