NASDAQ$DAKT

Daktronics Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Demonstrated solid sequential GAAP revenue growth, margin expansion, and cash flow generation.

Daktronics reported a positive start to fiscal year 2025 with sequential revenue growth, margin expansion, and strong cash flow generation. The company achieved $226.1 million in sales and $22.7 million in operating income. Adjusted net income, excluding a non-cash debt fair value adjustment, was $16.6 million.

  • Sales reached $226.1 million, a 4.7 percent sequential increase from the previous quarter.
  • Gross profit margin improved to 26.4 percent compared to 25.7 percent in the prior quarter.
  • Operating income increased to $22.7 million, a 16.9 percent rise from the fourth quarter of fiscal 2024.
  • Product order backlog was $267.2 million.

Headline financials

Total Revenue

$226M

Previous: $233M-2.8%
EPS

-$0.11

Previous: $0.42-126.2%
Order Backlog

$267M

Previous: $324M-17.5%
Gross Margin

26.4%

Previous: 30.6%-13.7%
Operating Margin

10.0%

Previous: 17.3%-42.2%
Capital Expenditures

-$5.08M

Previous: -$4.55M-11.7%
Free Cash Flow

$14.4M

Previous: $14.7M-2.1%
Net Income

-$4.95M

Previous: $19.2M-125.8%
Operating Income

$22.7M

Previous: $40.2M-43.5%
Gross Profit

$59.7M

Previous: $71.1M-16.1%
Cash & Equivalents

$96.8M

Previous: $45.8M+111.5%
Total Assets

$554M

Previous: $508M+9.0%
R&D Expense

$9.62M

No prior period
Stock-Based Comp

$520K

Previous: $557K-6.6%

Revenue & EPS history

Daktronics · Revenue · Quarterly

$226M

Q1 2025-2.8%vs Q1 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Daktronics · $209M total across 5 segments · Q4 2026

  • Live Events
    $84.9M
  • High School Park and Recreation
    $46.3M
  • Commercial
    $40.3M
  • Transportation
    $23.6M
  • International
    $13.5M

Forward guidance

Daktronics expects higher orders in fiscal 2025 and anticipates seasonality to normalize, with sales typically strongest in the first half of the fiscal year and lower in fiscal Q3. The company is investing in a transformation plan to accelerate progress and generate shareholder returns.

Tailwinds

  • Expectations of higher orders in fiscal 2025.
  • Backlog at $267.2 million driven by strong sequential order flow.
  • Solid demand in Live Events.
  • Solid demand in the Commercial business unit.
  • Solid demand in the Transportation business unit.

Headwinds

  • Seasonality is expected to normalize in fiscal 2025, with sales typically strongest in the first half of the fiscal year and lower in fiscal Q3.
  • Global geopolitical events and related macroeconomic trends created uncertainty in the market outside of the U.S.
  • Order decrease in the Live Events business units.
  • Order decrease in the International business units.
  • Variability in orders comparatively is natural in these large project business areas.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.0%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+1.5%

Avg return

30 days after

40%

26 / 65 earnings

Positive

+30.3%

Q1 2017

Best reaction

-25.8%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-11.4%-15.7%-20.9%
Q2 2026+15.9%+6.3%+15.7%
Q1 2026+20.0%+37.9%+9.9%
Q4 2025+1.1%-3.0%+16.3%
Q3 2025-14.9%-16.6%-19.0%
Q2 2025+17.6%+11.9%+3.1%
Q1 2025-13.3%-12.8%-3.4%
Q4 2024+23.4%+26.1%+39.7%
Q3 2024+6.8%+8.1%+22.5%
Q2 2024-16.5%-17.8%-22.4%
Q1 2024+7.4%+17.5%+9.3%
Q4 2023+11.3%+9.8%+30.1%
Q3 2023+11.7%+13.5%+33.0%
Q2 2023+15.7%+28.3%+58.1%
Q1 2023-22.9%-25.3%-34.1%
Q4 2022-4.8%-13.6%-14.7%
Q3 2022-7.5%-12.9%-16.0%
Q2 2022-2.9%-1.6%+3.5%
Q1 2022-7.1%-7.6%-9.2%
Q4 2021+1.0%+0.0%-8.2%
Q3 2021+3.0%+14.4%+11.8%
Q2 2021-1.8%-0.2%+2.6%
Q1 2021+11.5%+15.7%+3.9%
Q4 2020-8.7%-5.0%-13.9%
Q3 2020-10.4%-6.1%-21.8%
Q2 2020-10.4%-12.4%-12.6%
Q1 2020+22.3%+21.9%+27.3%
Q4 2019-6.1%-12.0%-14.8%
Q3 2019-1.8%-2.1%-10.4%
Q2 2019+15.2%+14.5%-3.4%
Q1 2019-14.1%-17.6%-12.2%
Q4 2018-20.3%-20.2%-15.3%
Q3 2018-4.3%-4.2%-5.3%
Q2 2018-5.7%-4.4%-7.1%
Q1 2018+0.7%+0.6%+9.9%
Q4 2017+4.7%+5.1%+3.8%
Q3 2017-6.0%-3.9%-9.5%
Q2 2017+10.8%+13.1%+10.6%
Q1 2017+30.3%+37.4%+42.7%
Q4 2016-22.0%-23.3%-20.5%
Q3 2016-17.9%
Q2 2016-14.9%
Q1 2016-25.8%
Q4 2015+5.2%
Q3 2015-15.0%
Q2 2015-11.5%
Q1 2015+8.2%
Q4 2014-11.3%
Q3 2014-1.6%
Q2 2014+11.8%
Q1 2014+1.3%
Q4 2013-7.3%
Q3 2013-14.3%
Q2 2013+17.4%
Q1 2013+18.5%
Q4 2010-0.3%
Q4 2012-0.3%
Q3 2011-5.2%
Q3 2012-5.2%
Q2 2012+7.8%
Q1 2012-4.7%
Q2 2011-4.7%
Q4 2011-4.7%
Q1 2011-4.7%
Q3 2010-3.3%

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