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Daktronics (DAKT)
NASDAQ:DAKT
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.08Last Year’s EPS
$0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 04, 2024
|% Change Since: 2.27%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a positive outlook with strong cash flow, revenue growth, and strategic initiatives underway. However, challenges remain in the form of order declines in key segments and consulting expenses impacting margins.Company Guidance
In the Q2 2025 earnings call, Daktronics reported a 4.5% increase in revenue to $208 million, with a gross margin of 26.8% and an adjusted operating margin of 9.2%. The company's backlog was noted at $236 million, with expectations of seasonal declines in the third quarter due to completed sports installations and reduced production days. Despite a decline in order volume in Live Events, Transportation, and International sectors, overall orders for the first half of the year increased by 3.3%, attributed to strong performances in the Commercial and High School Parks and Recreation segments. Daktronics also highlighted successful projects such as the Miami Heat's Flame Ball Centerhung installation and a large order for The Center in Atlanta. Operating expenses were influenced by investments in staffing and $3.2 million in nonrecurring consulting services. Cash flow from operations reached a record $43.3 million for the second quarter, contributing to a cash and marketable securities total of $134.4 million. Looking forward, the company plans to continue investing in digital transformation initiatives to improve operational efficiencies and customer experiences, aiming to drive future growth and profitability.Record Cash Flow Generation
Generated record cash flows from operations of $43.3 million for the second quarter and $62.8 million for the first half of the year.
Revenue Growth
Revenue grew by 4.5% to $208 million at a 26.8% gross margin and 9.2% adjusted operating margin for the quarter.
Strategic Initiatives in Progress
Major internal technology launches and digital transformation initiatives set for completion by fiscal year-end, aimed at improving customer experience and operational efficiency.
Significant Projects and Orders
Completion of large projects for high-profile clients such as the Miami Heat, University of Connecticut, and the L.A. Lakers, among others.
Strong Backlog and Quoting Activity
Backlog at $236 million with active quoting across all segments, indicating healthy demand.
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DAKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DAKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 04, 2024 | $16.33 | $18.92 | +15.86% |
| Sep 04, 2024 | $13.61 | $12.37 | -9.11% |
| Jun 26, 2024 | $10.92 | $13.30 | +21.79% |
| Feb 28, 2024 | $8.13 | $8.80 | +8.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Daktronics (DAKT) report earnings?
Daktronics (DAKT) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Daktronics (DAKT) earnings time?
Daktronics (DAKT) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAKT EPS forecast?
DAKT EPS forecast for the fiscal quarter 2025 (Q3) is $0.08.
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