Daktronics Q3: record sales $185M (+32.5% YoY), gross margin 22.6%, adj operating income $11.7M

DAKTRONICS INC /SD/

2023-Q3 EPS reported -$0.32 revenue$544,334,000

Record Q3 net sales of $185.0M, up 32.5% YoY; product order backlog $429.1M vs $353.3M prior year period.
Gross profit margin improved to 22.6% from 16.0% due to strategic pricing and supply chain improvements.
Operating income $7.1M; adjusted operating income $11.7M vs adjusted operating loss of $5.7M in Q3 FY2022.
Recorded $4.6M non-cash goodwill impairment charge in International and Live Events reporting units.
Board's Strategy and Financing Review Committee evaluating financing alternatives to address capital position.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DAKTRONICS INC /SD/ reported the three months ended January 28, 2023 results: revenue $185.0 million.

Period: the three months ended January 28, 2023
Revenue: $185.0 million
Result: reported results

Exact text from the filing

Daktronics, Inc. (NASDAQ - DAKT) today reported results for its fiscal 2023 third quarter which ended January 28, 2023. Q3 FY2023 financial highlights: • Record third quarter net sales of $185.0 million

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Source: SEC EDGAR

accession 0000915779-23-000015

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