Shares of Daktronics (DAKT 12.92%) surged higher on Wednesday, powered by an impressive earnings report. The stock rose as much as 21.3% in the early morning, settling back to a 14.1% gain by 1:35 p.m. ET.Daktronics' Q2 2025 by the numbersFiscal second-quarter sales rose 4.5% year over year, landing at $208 million. Daktronics reported an adjusted net income of $13.9 million, or $0.27 per diluted share, for the period ended Oct. 26, matching the year-ago figure.Wall Street doesn't always have consensus esti ...

Daktronics (DAKT) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -52.94%. A quarter ago, it was expected that this video display maker would post earnings of $0.30 per share when it actually produced earnings of $0.36, delivering a surprise of 20%.Over the last four quarters, the com ...

Exhibit 99.1 Daktronics, Inc. Announces 2025 Fiscal Second Quarter Results Generates Record Cash Flow on Strong Sales Growth BROOKINGS, S.D., December 4, 2024 – Daktronics, Inc. (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today reported results for its fiscal 2025 second quarter which ended October 26, 2024. Fiscal Q2 2025 financial highlights include: • Sales of $208.3 million, a 4.5 perce ...

BROOKINGS, S.D., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today reported results for its fiscal 2025 second quarter which ended October 26, 2024. Fiscal Q2 2025 financial highlights include: Sales of $208.3 million, a 4.5 percent increase from the second quarter of fiscal 2024, and fiscal year-to-date sales of $434.4 million, up 0.6 perc ...

BROOKINGS, S.D., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (“Daktronics” or the “Company”) (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that, after careful deliberation, the Board of Directors (the “Board”) has determined that it is in the best interests of the Company and its common shareholders to exercise the Company’s right to convert an initial $7.0 million in f ...

Business Transformation and Strategic Initiatives - The company has announced the next phase of its business transformation plan aimed at accelerating profitable growth, increasing profit margins, and driving returns on invested capital in the mid-to-high teens, well above the company's cost of capital [1] - A Business Transformation Office (BTO) has been formed, including the CEO, leadership team, and senior executives from a global consulting firm, to drive strategic initiatives [2] - The Board has formed an ad hoc transformation committee, chaired by Howard Atkins, to oversee the execution of these initiatives [2] - The BTO is developing strategic initiatives to improve customer outcomes, deepen market penetration, achieve above-market growth, and enhance delivery and service efficiency [3] - The company aims to grow revenue faster than its addressable market, expand operating margins, and generate returns on capital consistently above its cost of capital [3] Leadership and Organizational Changes - Sheila Anderson, the current CFO since 2012, has been appointed to the newly created role of Chief Data and Analytics Officer to lead the company's digital transformation [4] - The Board has initiated a search for a new CFO with experience in business transformations to support the company's ROIC goals [3][4] - Sheila Anderson will continue as CFO until her successor is identified [4] Financial Performance and Outlook - During fiscal 2023 and 2024, the company significantly strengthened its balance sheet, reduced its backlog to normal levels, delivered record revenue and profit, and ended fiscal 2024 with liquidity of over $135 million [2] - The company expects fiscal 2025 Q2 revenue, gross profit, and operating income to be in line with analyst consensus estimates of $200 million, $49.7 million, and $11.6 million, respectively [7] - The company plans to release its fiscal Q2 earnings and host a conference call in early December to discuss results and management's expectations for the full fiscal year [5] Share Repurchase and Market Position - The company has approximately $29 million remaining under its existing share repurchase authorization and is evaluating opportunities to use and potentially augment this authorization [4] - Daktronics is the world's largest supplier of large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems, with strong leadership positions in these markets [5] Digital Transformation and Market Expansion - The company's digital transformation is a key enabler of its strategic initiatives, aiming to provide better customer outcomes, deeper market penetration, and more efficient delivery and service [3] - The company operates in four domestic business units (Live Events, Commercial, High School Park and Recreation, and Transportation) and one International business unit, serving customers globally [5]

While the market sighed a collective breath of relief after the Fed cut 50-bps, this week has been anything but bullish for the broad market. I'm looking at 5 consecutive red daily candles on the Russell 2000. Long-term investors out there should not despair. Rather, there are going to be a ton of stocks which were overvalued which are going to come on back down to Earth. Rather than blindly buying all the dips out there thought, you should focus your attention on stocks with strong earnings trends, and try ...

Ozgur Donmaz Thesis On July 18, 2023, I started coverage of Daktronics (NASDAQ:DAKT) and explained how the company performed after posting buoyant Q4 2023 earnings results, despite the ongoing supply chain issues and inflationary pressures. Sales posted a record high, thanks to robust demand and smart pricing strategies; meanwhile, growth in gross profit margins was underpinned by the company's efforts to keep costs down despite higher expenses and growing economic risks and I pointed out concerns over long ...

xjben/iStock via Getty Images Investment thesis In my previous article covering the company, I rated Daktronics (NASDAQ:DAKT) shares a Buy given its leading position in the US market and attractive valuation at a P/E multiple of 9.2. I outlined my expectations for solid mid-single growth with rising margins in the medium term. The company's Q1 fiscal 2025 results indicated that growth fell slightly short of my expectations, although margins remained strong. In addition to the weaker growth, I also attribute ...

BROOKINGS, S.D., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Daktronics Inc. (Nasdaq: DAKT), a leading global designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, announced that Sheila Anderson, Chief Financial Officer, will present and host oneon-one meetings with investors at the Sidoti September Virtual Investor Conference, taking place on September 18-19, 2024. The presentation will begin at 10:00am ET on September 18, 2024 and can be access ...