Daktronics Q2 FY2024 sales up 6.4% to $199M; gross margin expands to 27.2%

DAKTRONICS INC /SD/

2024-Q2 EPS reported $0.46 revenue$431,900,000

Operating income of $19.4M vs $1.5M YoY; net sales $199.4M with 6.4% growth.
Gross profit margin improved to 27.2% from 16.9% on strategic pricing and stable operations.
Backlog reduced to $306.9M (down from $400.7M at Q4 FY2023) as lead times shortened.
Andrew Siegel appointed Lead Independent Director, succeeding Kevin McDermott.
Operating cash flow $44.3M in first half; capex $9.2M; convertible note fair value change impacted tax rate.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DAKTRONICS INC /SD/ reported fiscal 2024 second quarter which ended October 28, 2023 results: revenue $199.4 million.

Period: fiscal 2024 second quarter which ended October 28, 2023
Revenue: $199.4 million
Result: reported results

Exact text from the filing

Daktronics, Inc. (NASDAQ - DAKT) today reported results for its fiscal 2024 second quarter which ended October 28, 2023. Q2 FY2024 financial highlights: • Sales of $199.4 million, a 6.4 percent increase from the second quarter of fiscal 2023

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Source: SEC EDGAR

accession 0000915779-23-000131

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