Evertz Technologies Limited (ET:CA) Q1 2027 Earnings Call Transcript

SA Transcripts 162.21K Followers Follow Evertz Technologies Limited ( ET:CA ) Q1 2027 Earnings Call September 14, 2026 5:00 PM EDT Company Participants Brian Campbell - Executive Vice-President of Business Development Doug Moore - CFO & Secretary Conference Call Participants Thanos Moschopoulos - BMO Capital Markets Equity Research Paul Treiber - RBC Capital Markets, Research Division Robert Young - Canaccord Genuity Corp., Research Division Presentation Operator Good afternoon, ladies and gentlemen, and welcome to Evertz Q1 and Fiscal 2027 Investor Call. [Operator Instructions] This call is being recorded on Monday, September 14, 2026. I would now like to turn the conference over to Brian Campbell. Please go ahead. Brian Campbell Executive Vice-President of Business Development Good afternoon, everyone, and welcome to Evertz Technologies conference call for our Fiscal 2027 First Quarter ended July 31, 2026, with Doug Moore, Evertz' Chief Financial Officer; and myself, Brian Campbell. Please note that our financial press release and MD&A will be available on SEDAR and on the company's investor website. Doug and I will comment on the financial results and then open the call to your questions. Turning now to Evertz' results. I'll begin by providing a few highlights, and then Doug will provide additional detail. First off, sales for the first quarter totaled $118.3 million, up 5.5%, including $58.9 million in software and services revenue, which represents 49.8% of the total revenue. International revenue in the quarter was $38.3 million, up $4.6 million or 17.5% from the prior year. Our sales base is well diversified with the top 10 customers accounting for approximately 49% of sales during the quarter with no one customer accounting for more than 10% of sales. In fact, we had 87 customer orders of over $200,000. Gross margin in the quarter was $69.3 million or 58.6%, down from 61.4% in the prior year. Net earnings were $8 million, resulting