Daktronics(US:DAKT)2025-06-26 07:12Financial 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]