earnings
confidence high
sentiment positive
materiality 0.80
Daktronics reports record FY2024 revenue of $818.1M; operating income quadruples to $87.1M
DAKTRONICS INC /SD/
2024-FY EPS reported
$0.74
revenue$818,083,000
- Q4 sales record $215.9M (+2.9% YoY); full-year sales $818.1M (+8.5% YoY).
- Gross margin expanded to 27.2% for FY2024 from 20.1% in FY2023, highest since 2009.
- Orders for FY2024 rose 8.7% to $740.2M; backlog was $316.9M at year-end.
- Operating cash flow $63.2M; cash and securities $81.7M, long-term debt $54.7M.
- Initiatives include digital transformation, Flip-Chip COB LED launch, and higher-margin market focus.