---
schema_version: "secwatch.filing_event.v1"
accession: "0000915779-23-000131"
form_type: "8-K"
ticker: "DAKT"
cik: "0000915779"
company_name: "DAKTRONICS INC /SD/"
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:29:07.112317+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000915779-23-000131
- form_type: 8-K
- ticker: DAKT
- cik: 0000915779
- company_name: DAKTRONICS INC /SD/
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915779/000091577923000131/0000915779-23-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000091577923000131/dakt-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915779-23-000131
- JSON: https://secwatch.observer/filing/0000915779-23-000131.json
- Plain text: https://secwatch.observer/filing/0000915779-23-000131.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/915779/000091577923000131/0000915779-23-000131-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.