Daktronics (NasdaqGS:DAKT) Q1 2026 Earnings Call September 10, 2025 11:00 AM ET Speaker2Good day and thank you for standing by. Welcome to Daktronics first quarter FY26 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star one one on your telephone. You will then hear an automated message advising you your hand is raised. To ...

Financial Performance - Q4 orders increased by 29% compared to Q3 and 17% year-over-year, indicating a replenishment of backlog[6] - The company more than doubled Q4 operating cash flow year-over-year[6] - Adjusted operating income for FY25 was $49.642 million, compared to a reported operating income of $33.118 million[25] - Inventory efficiency led to a $32 million, or greater than 23%, reduction year-over-year[28] - Share repurchases amounted to $29 million at a volume-weighted average price of $14.23[28] Market Segment Performance - Live Events saw FY orders increase by 31% year-over-year and Q4 orders increase by 44% year-over-year[14] - High School Park & Recreation (HSPR) experienced FY orders growth of 32% year-over-year and Q4 orders growth of 112% year-over-year, achieving record order bookings[15] - International orders decreased by 10% year-over-year for the full year but increased by 14% in Q4[12] - Commercial Transportation orders decreased by 12% year-over-year for the full year and 11% in Q4[10] Strategic Initiatives - The company's business and digital transformation initiatives are in place and on track to drive results[6] - The company incurred $7.085 million in business/digital transformation expenses and $6.825 million in corporate governance expenses for FY25[24] - The company incurred $2 million in "reciprocal" tariffs in the first five weeks of FY26[32]