NASDAQ$DAKT
Daktronics Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Daktronics reported positive operating income in a seasonally low-volume period, driven by strong execution of manufacturing, operating, sourcing, and pricing improvements.
Daktronics announced its fiscal year 2024 third quarter results, featuring a 29.4% increase in new product and service orders, offset by a 7.9% decrease in sales compared to the previous year. Gross profit margin improved to 24.5%, and operating income rose by 12.9%.
- Product and service orders increased by 29.4% compared to the same quarter last year.
- Sales decreased by 7.9% due to lower volumes in the Commercial and International business units.
- Gross profit margin improved to 24.5% from 22.6% due to strategic pricing and greater efficiency.
- Operating income increased by 12.9% compared to the third quarter of fiscal 2023.
Headline financials
Revenue & EPS history
Daktronics · Revenue · Quarterly
$170M
Revenue by segment
Daktronics · $209M total across 5 segments · Q4 2026
- Live Events$84.9M—40.7%
- High School Park and Recreation$46.3M—22.2%
- Commercial$40.3M—19.3%
- Transportation$23.6M—11.3%
- International$13.5M—6.5%
Forward guidance
Fiscal 2024 fourth quarter net sales are expected to increase sequentially as compared to the third quarter in fiscal year 2024 and decrease from the year-ago period. Gross margin is expected to be similar in comparison to the unique 2023 fourth quarter and operating margin and cash flows are expected to be down as compared to this same period.
Tailwinds
- Net sales are expected to increase sequentially compared to Q3 2024.
- Focus on capturing growth in addressable end markets.
- Expanding share of customer spend.
- Adding recurring control system and content development revenue.
- Winning new customers.
Headwinds
- Net sales are expected to decrease from the year-ago period.
- Operating margin is expected to be down compared to the same period.
- Cash flows are expected to be down compared to the same period.
- Fiscal fourth quarter seasonality is expected to be similar to pre-pandemic patterns.
- Gross margin is expected to be similar in comparison to the unique 2023 fourth quarter.
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 Q3 2024
-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
| Quarter | Report date | Reaction (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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