Daktronics(US:DAKT)2024-06-26 18:53Financial Performance Highlights - Fiscal Year 2024 demonstrates the increased power of a more profitable business model[4] - Orders increased by 8.7% year-to-date and 14.6% in Fiscal Quarter 4[5] - Working capital increased by 58.2% from $132495 thousand to $209654 thousand[9] - Operating cash flow increased fourfold from $15025 thousand to $63240 thousand[9] - Sales were up 8.5% for the year[51] Profitability and Margins - Gross margin increased by 90 basis points to 25.7% in Fiscal Quarter 4 2024[7] - Operating margin increased by 780 basis points to 10.6% in Fiscal Quarter 4 2024[19] Strategic Focus and Achievements - The company has overcome past years' operational challenges[22] - The company is positioned for durable revenue, earnings, and cash flow[12] - The company further aligned its supply chain for stronger on-time delivery[15] Segment Performance (Orders) - Live Events orders increased by 24% year-to-date and 44% in Fiscal Quarter 4[20] - Commercial orders decreased by 14% year-to-date and 12% in Fiscal Quarter 4[20] - High School Park and Recreation orders increased by 3% year-to-date but decreased by 6% in Fiscal Quarter 4[20] - Transportation orders increased by 20% year-to-date but decreased by 1% in Fiscal Quarter 4[20] - International orders increased by 7% year-to-date and 80% in Fiscal Quarter 4[20]