secwatch.observer — SEC 8-K summary
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Issuer:     DAKTRONICS INC /SD/ (DAKT)
CIK:        0000915779
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000915779-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915779/000091577924000003/0000915779-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915779/000091577924000003/dakt-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000915779-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer