Daktronics Earnings Reports

Daktronics reported a 12.2% decline in revenue for Q3 2025, leading to a net loss of $17.16 million. The company also announced leadership changes and continued efforts in business transformation initiatives. Despite the decline, adjusted net income was positive at $509,000 after excluding non-operating expenses. Cash flow from operations remained strong at $12.0 million for the quarter.

Daktronics reported a 4.5% increase in sales to $208.3 million for the second quarter of fiscal 2025. The company generated record cash flow from operations of $43.3 million and reported an operating income of $15.8 million. The product order backlog was $236.0 million at the end of the quarter.

Daktronics reported a positive start to fiscal year 2025 with sequential revenue growth, margin expansion, and strong cash flow generation. The company achieved $226.1 million in sales and $22.7 million in operating income. Adjusted net income, excluding a non-cash debt fair value adjustment, was $16.6 million.

Daktronics reported a strong fiscal fourth quarter and year, with record fourth quarter sales of $215.9 million, a 2.9% increase compared to the prior year. The company saw improvements in gross margin and operating income, driven by improved manufacturing efficiency and strong on-time delivery to customer sites.

Daktronics announced its fiscal year 2024 third quarter results, featuring a 29.4% increase in new product and service orders, offset by a 7.9% decrease in sales compared to the previous year. Gross profit margin improved to 24.5%, and operating income rose by 12.9%.

Daktronics reported a 6.4% increase in sales, reaching $199.4 million, and a significant improvement in gross profit margin to 27.2%. Operating income increased substantially to $19.4 million. The company's backlog was $306.9 million. Andrew Siegel was appointed as the new Lead Independent Director.

Daktronics announced strong Q1 2024 results, marked by record net sales of $232.5 million, a gross profit margin of 30.6%, and a substantial operating income turnaround to $40.2 million compared to the previous year's loss. The company strategically managed capacity and pricing, leading to improved profitability and cash generation.

Daktronics reported a 29.4% increase in net sales for the fourth quarter of fiscal year 2023, driven by strong backlog conversion, improved supply chain stabilization, and increased manufacturing capacity. Gross profit margin also improved significantly. The company is optimistic about fiscal year 2024, expecting growth in audio-visual communication systems and aiming for increased sales and operating income.

Daktronics reported a strong third quarter with record net sales, improved gross profit margins, and operating income, driven by strategic pricing increases, supply chain improvements, and expense management.

Daktronics announced its Q2 2023 results, which showed a 14% increase in net sales to $187.4 million and an 11.7% increase in orders to $182.8 million compared to Q2 2022. However, the company reported a net loss due to a $13.0 million non-cash deferred tax asset valuation adjustment. The company is focusing on improving liquidity and cash generation.

Daktronics reported a 18.8% increase in net sales, reaching $171.9 million, driven by increased conversion of backlog to sales. However, the company faced an operating loss of $5.5 million due to inflation and supply chain challenges. Orders remained strong at $170.2 million, although they decreased by 6.3% compared to the previous year's record level.

Daktronics reported a 38.8% increase in net sales for the fourth quarter of fiscal 2022 compared to the previous year. The company faced challenges including supply chain disruptions and inflationary pressures, which impacted gross profit and operating margin. Despite these challenges, order volume grew across all business units.

Daktronics reported a net sales increase of 48.2% to $139.6 million, driven by record orders. However, the company experienced an operating loss of $5.7 million due to inflation in materials and freight costs, increased personnel spend, and a warranty charge. The company's order backlog reached a record level of $353 million.

Daktronics reported a strong increase in net sales and orders for Q2 2022, driven by easing pandemic restrictions and strong demand. However, operating income decreased due to inflation in materials and freight costs, as well as increased personnel spend. The company anticipates continued supply chain challenges and inflationary pressures in the near term.

Daktronics reported a slight increase in net sales and a significant rise in orders for Q1 2022. However, operating income and net income decreased due to increased costs and a different sales mix. The company is navigating supply chain challenges and expects these to persist.

Daktronics reported a decrease in net sales for the fourth quarter of fiscal year 2021, but experienced an increase in orders and improved profitability compared to the same period last year. The company's backlog also increased, and they are optimistic about future growth.

Daktronics reported a decrease in net sales and orders for the third quarter of fiscal 2021 compared to the same period last year, primarily due to the impact of the COVID-19 pandemic. However, the company's gross profit margin improved due to a mix of service agreement and product sales and a litigation claim reversal. The company is focused on managing its cost structure and strategically making choices on capacity and investments.

Daktronics reported a decrease in net sales and orders for the first quarter of fiscal year 2021, impacted by COVID-19. However, operating income and net income increased due to cost management. The company is focused on managing costs and promoting value in new markets amidst the uncertain demand.

Daktronics reported a decrease in Q4 net sales to $126.1 million, with an improved operating loss of $3.5 million and a net loss of $1.1 million. Orders decreased by 9.4 percent compared to the same quarter last year. The company experienced growth in Live Events, High School Park and Recreation, and Transportation business units, while Commercial and International units saw declines.

Daktronics reported Q3 fiscal year 2020 results with increased net sales but decreased profitability. Net sales increased by 10.9% to $127.7 million, while the company faced an operating loss of $9.2 million and a net loss of $12.7 million, or $0.28 per diluted share.