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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, No Par Value DAKT Nasdaq Global Select Market Preferred Stock Purchase Rights DAKT Nasdaq Global Select Market FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 27, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

Exhibit 99.1 Daktronics, Inc. Announces 2025 Fiscal First Quarter Results Solid Sequential GAAP Revenue Growth, Margin Expansion, and Cash Flow Generation Earned $22.7 Million of Operating Income and Adjusted Net Income of $16.6 Million (1) BROOKINGS, S.D., September 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 first quart ...

Financial Data and Key Metrics Changes - The company reported a revenue of $226 million for Q1 2025, representing a 4.7% growth from the previous quarter but a decline from the record quarter of the previous year [14][15] - Gross margin increased sequentially to 26.4%, reflecting strong financial returns driven by volume mix and some price improvement [15] - Operating cash flow was reported at $19.5 million, showcasing a strong performance compared to the previous year [5][16] Business Line Data and Key Metrics Changes - In the Live Events segment, revenue was recognized from several large college projects, indicating strong demand in this area [6][7] - The commercial business saw an increase in orders, particularly from independent billboard operators, reflecting a rebound in demand [8][9] - The High Schools segment experienced order successes as the market shifts towards full video usage, with the introduction of a new higher-margin product [11] Market Data and Key Metrics Changes - International sales increased by 20% sequentially, driven by bookings for digital billboard rollouts, although overall international performance remains slow due to economic uncertainties [10] - The transportation segment saw growth in orders, particularly for intelligent transportation systems and airport projects [9] Company Strategy and Development Direction - The company is focused on digital transformation, improving cost structures, and expanding market share, with specific milestones planned for fiscal 2025 and 2026 [18][20] - Investments are being made in foundational enterprise performance management tools to enhance operational efficiencies and customer experiences [18][19] - The company aims to capture a greater share of its serviceable available market (SAM) through advancements in control system capabilities and professional services [20][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operating environment, citing stable supply chain reliability and good momentum entering Q2 [5][6] - The outlook for Live Events demand remains strong, with expectations for continued growth as venues enhance facilities [7] - Management acknowledged the competitive environment but emphasized the company's strong value proposition and service capabilities [28] Other Important Information - The backlog at the end of the quarter was $267 million, reflecting year-over-year order growth and a return to more normal seasonal trends [6][14] - The company has a strong balance sheet with cash, restricted cash, and marketable securities totaling $97.2 million [16] Q&A Session Summary Question: Can you talk about the backlog and when it might normalize? - Management expects the backlog to reflect more seasonal cycles, with Q1 and Q2 being higher sales months and a trend down in summer months [24][25] Question: Was any revenue in Q1 pulled in from Q2? - Management indicated that there was no unusual movement of revenue from Q2 into Q1 [26] Question: Is there room to expand the targeted operating margin? - Management believes there is room for both top-line and operating margin growth [27] Question: How is the competitive environment affecting market share? - Management noted that while data on market share is hard to come by, they focus on customers who value their offerings rather than those primarily driven by price [29][30] Question: What is the company's credit position? - Management confirmed a strong balance sheet with high levels of cash and no reliance on credit lines [31][32]

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|----------------------------------------------------------|-------|-------| | | | | | | | | | | | DYNAMIC MESSAGE SIGNS | | | | | | | | | | | | | | Fiscal First Quarter 2025 Results Call September 4, 2024 | | DAKT | | | | | NASDAQ: | | | | | | | CONTROL SYSTEMS | | | | | | | | | | SAFE HARBOR STATEMENT In addition to statements of historical fact, this presentation contains forward-looking statements within the meaning of the Private Securities ...

Daktronics (DAKT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this video display maker would post earnings of $0.14 per share when it actually produced earnings of $0.27, delivering a surprise of 92.86%. Over the last four quarters, the com ...

Core Insights - Daktronics, Inc. reported solid sequential revenue growth, margin expansion, and cash flow generation in its fiscal Q1 2025, with operating income of $22.7 million and adjusted net income of $16.6 million [1][2][3] Financial Performance - Sales reached $226.1 million, a 4.7% sequential increase from Q4 2024, driven by increased production and deliveries for sports and outdoor-related seasonal business [2][6] - Gross profit margin improved to 26.4% from 25.7% in Q4 2024, although it decreased from 30.6% in Q1 2024 due to record sales activity in the prior year [2][7] - Operating income increased by 16.9% to $22.7 million compared to $19.4 million in Q4 2024 [2][14] - The product order backlog was $267.2 million, down from $316.9 million at the end of Q4 2024, reflecting a reduction in manufacturing lead times [2][5] Orders and Market Dynamics - Product and service orders totaled $176.2 million, a decrease of 14.4% from Q4 2024 but an increase of 11.1% compared to Q1 2024 [2][5] - Orders for the first quarter increased by 11.1% year-over-year, driven by demand in the On-Premise, Spectacular, and Out-of-Home markets [5][6] Strategic Initiatives - The company is focused on digital transformation, product innovation, and market penetration, with plans to upgrade service and systems maintenance solutions by fiscal year-end [3][4] - Upcoming enhancements to the Show Control solution aim to improve live entertainment experiences and workflow efficiencies [3] Cash Flow and Balance Sheet - Daktronics generated $19.5 million in cash from operations and had a working capital ratio of 2.2 to 1 at the end of Q1 2025 [12][21] - Cash, restricted cash, and marketable securities totaled $97.2 million, with total debt of $76.0 million outstanding [12][17] Outlook - The company anticipates higher orders in fiscal 2025, with expectations of continued seasonal normalization and strong demand across various business units [4][5]