Daktronics, Inc. (NASDAQ:DAKT) Q4 2024 Earnings Conference Call June 26, 2024 11:00 AM ET Company Participants Carla Gatzke - Corporate Secretary Reece Kurtenbach - President & CEO Sheila Anderson - CFO Conference Call Participants BJ Cook - Singular Research Anja Soderstrom - Sidoti Operator Good day, ladies and gentlemen, and welcome to the Daktronics Fiscal Year 2024 Fourth Quarter Earnings Results Conference Call. As a reminder, this conference is being recorded today, Wednesday, June 12, 2024, and is a ...

These forward-looking statements reflect the Company's expectations or beliefs concerning future events. The Company cautions that these and similar statements involve risk and uncertainties which could cause actual results to differ materially from our expectations, including, but not limited to, changes in economic and market conditions, management of growth, timing and magnitude of future contracts and orders, fluctuations in margins, the introduction of new products and technology, the impact of adverse ...

Order and backlog levels provide management and investors additional details surrounding the results of our business activities in the marketplace and highlight fluctuations caused by seasonality and multi-million dollar projects. Management uses orders to evaluate market share and performance in the competitive environment. Management uses backlog information for capacity and resource planning. Order fulfillment timing is dependent on customer schedules, supply chain conditions, and our capacity availabili ...

Mr. Kurtenbach added, "Our orders grew 14.6 percent in the fourth quarter and 8.7 percent for the year, and we have entered fiscal 2025 committed to capture growing market demand, leveraging our recognized leadership position and our strong balance sheet." He continued, "Our critical priorities for fiscal 2025 are to execute a broad digital transformation to modernize our service systems for field service automation, to advance our enterprise performance planning capabilities, and to improve and automate qu ...

Kurtenbach added, "In fiscal 2024, we raised the baseline profitability of the business, strengthened our positioning with our customers, and reinforced our competitive differentiation, particularly against foreign competitors. Building upon these strengths, we are focused in fiscal 2025 on strategic priorities which will continue to transform and strengthen our business model to enhance our earnings power. These important drivers for our outlook are to prioritize among our end markets, attack structural co ...

Daktronics, Inc. Announces Record Fiscal Year and Fourth Quarter 2024 Revenue and Strong Expansion in Operating Profitability and Cash Flow Mr. Kurtenbach added, "Our orders grew 14.6 percent in the fourth quarter and 8.7 percent for the year, and we have entered fiscal 2025 committed to capture growing market demand, leveraging our recognized leadership position and our strong balance sheet." extend our market leadership and emphasize higher margin product areas that are key to winning more profitable busi ...

Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is intended to enjoy the protection of that Act. These forward-looking statements reflect the Company's expectations or beliefs concerning future events. The Company cautions that these and similar statements involve risk and uncertainties which could cause actual results to differ materially from our expectation ...

Core Points - Daktronics Inc will release its fourth quarter fiscal 2024 financial results on June 26, 2024, before the market opens [1] - A conference call and webcast will be hosted on the same day at 10:00 AM CT for interested parties [1][6] - Participants must pre-register to access the earnings call, receiving dial-in information and a PIN [2][7] Company Overview - Daktronics is the world's largest supplier of large-screen video displays, electronic scoreboards, and related control systems [8] - The company operates in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, along with one International business unit [8] - Daktronics designs, manufactures, markets, and services display systems globally [8]

Increased durability and reliability combine with lower power consumption in NPP display product BROOKINGS, S.D., May 16, 2024 (GLOBE NEWSWIRE) -- Daktronics (NASDAQ-DAKT) of Brookings, South Dakota, has released its Flip-Chip COB (Chip On Board) LED display technology worldwide. The company's latest addition to its Narrow Pixel Pitch (NPP) product family brings tighter pixel spacings ranging from 1.8 millimeters to 0.9 millimeters with increased durability and reliability combined with lower power consumpt ...

Increased durability and reliability combine with lower power consumption in NPP display product Flip-Chip COB LED Display Details The new COB technology provides an alternative to traditional Surface Mount Device (SMD) and Integrated Matrix Device (IMD) LED options. It brings a lower amount of heat to the display face and removes the wire bonds to increase reliability. It also decreases the power consumption for a lower cost of ownership over time. The cabinet for the COB product is the thinnest in the mar ...