---
schema_version: "secwatch.filing_event.v1"
accession: "0000915779-24-000003"
form_type: "8-K"
ticker: "DAKT"
cik: "0000915779"
company_name: "DAKTRONICS INC /SD/"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T10:13:48.131108+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Daktronics Q3 FY2024: Operating income up 12.9% to $8.0M; orders jump 29.4%

## Summary
- Q3 orders $192.1M (+29.4% YoY); YTD orders $534.4M (+6.6%).
- Sales $170.3M (-7.9% YoY) due to tough prior-year compare from pandemic backlog fulfillment.
- Gross margin 24.5% (vs 22.6%); operating margin 4.7% (vs 3.8%).
- Backlog $328.3M, down from $400.7M at FY2023 end as lead times normalize.
- Cash from ops $53.8M for nine months; debt $50.0M; no revolver draws.

## SEC filing metadata
- accession: 0000915779-24-000003
- form_type: 8-K
- ticker: DAKT
- cik: 0000915779
- company_name: DAKTRONICS INC /SD/
- filed_at: 2024-02-28T23:59:59+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/915779/000091577924000003/0000915779-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000091577924000003/dakt-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915779-24-000003
- JSON: https://secwatch.observer/filing/0000915779-24-000003.json
- Plain text: https://secwatch.observer/filing/0000915779-24-000003.txt

## Key facts
- Earnings Releases
  DAKTRONICS INC /SD/ reported three and nine months ended January 27, 2024 results: revenue $170.3 million.
  - Period: three and nine months ended January 27, 2024
  - Revenue: $170.3 million
  - Result: reported results
  source text: Q3 FY2024 financial highlights: • Year-to-date product and service orders were $534.4 million (1) , an increase of 6.6 percent as compared to $501.4 million in the same period of fiscal 2023; during the third quarter of fiscal 2024, new product and service orders were $192.1 million, a 29.4 percent increase from $148.4 million in the year-earlier period • Sales of $170.3 million, a 7.9 percent decrease from the third quarter of fiscal 2023; the year-ago period's record revenue was driven by high backorder fulfillment as a result of recovery from pandemic-related supply chain challenges and labor availability
  evidence_url: https://www.sec.gov/Archives/edgar/data/915779/000091577924000003/0000915779-24-000003-index.htm

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