Daktronics Q4 2022 Earnings Report
Key Takeaways
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.
Orders for the fourth quarter of fiscal 2022 increased 67.0 percent compared to the fourth quarter of fiscal 2021.
Net sales for the fourth quarter of fiscal 2022 increased by 38.8 percent compared to the fourth quarter of fiscal 2021.
Gross profit as a percentage of net sales was 18.5 percent for the fourth quarter of fiscal 2022, compared to 23.6 percent a year earlier.
Operating margin for the fourth quarter of fiscal 2022 was breakeven, compared to 1.0 percent for the fourth quarter of fiscal 2021.
Daktronics
Daktronics
Daktronics Revenue by Segment
Forward Guidance
Daktronics expects dynamic and volatile supply chain and labor conditions to persist at least through the calendar year and plans to adjust pricing and production schedules accordingly.
Positive Outlook
- Strategically investing in new technologies and solutions.
- Building resilient supply chains.
- Increasing production capacity.
- Growing and serving existing and new customers and markets.
- Positioning for long-term growth and increasing value for stakeholders.
Challenges Ahead
- Dynamic and volatile supply chain conditions are expected to persist.
- Volatile labor conditions are expected to persist.
- Need to adjust and adapt pricing.
- Need to adjust and adapt production schedules.
- Uncertainty in predicting the evolution of the environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income