NASDAQ$DAKT

Daktronics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Daktronics reported a decrease in net sales and an improved operating loss for Q4 2020.

Daktronics reported a decrease in Q4 net sales to $126.1 million, with an improved operating loss of $3.5 million and a net loss of $1.1 million. Orders decreased by 9.4 percent compared to the same quarter last year. The company experienced growth in Live Events, High School Park and Recreation, and Transportation business units, while Commercial and International units saw declines.

  • Q4 net sales decreased by 1.3% year-over-year to $126.1 million.
  • Operating loss improved to $3.5 million, compared to $10.3 million in Q4 2019.
  • Gross profit margin increased to 22.7% from 19.1% in the prior year.
  • Orders decreased by 9.4% year-over-year, with growth in Live Events, High School Park and Recreation, and Transportation business units offset by declines in Commercial and International.

Headline financials

Total Revenue

$126M

Previous: $128M-1.3%
EPS (adj)

-$0.02

Previous: -$0.24+91.7%
Order Backlog

$212M

Previous: $202M+5.0%
Gross Margin

22.7%

Previous: 19.1%+18.8%
Capital Expenditures

$4.45M

Previous: $3.19M+39.5%
Free Cash Flow

$173K

Previous: -$5.83M+103.0%
Net Income

-$1.08M

Previous: -$10.8M+90.0%
Operating Income

-$3.45M

Previous: -$10.3M+66.4%
Gross Profit

$28.6M

Previous: $24.4M+17.2%
Cash & Equivalents

$40.4M

Previous: $35.4M+14.2%
Total Assets

$373M

Previous: $349M+6.7%
Stock-Based Comp

$531K

Previous: $612K-13.2%

Revenue & EPS history

Daktronics · Revenue · Quarterly

$126M

Q4 2020-1.3%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Daktronics · $126M total across 5 segments · Q4 2020

  • Live Events
    $37.4M+2.8%
  • Commercial
    $32.1M-8.5%
  • High School Park and Recreation
    $21M+25.7%
  • International
    $18.8M-27.4%
  • Transportation
    $16.9M+22.6%

Forward guidance

The market's increasing adoption and use of digital solutions, along with new technology releases, cause us to remain positive on the overall future of our business and growth in the industry.

Tailwinds

  • Increasing adoption and use of digital solutions
  • New technology releases
  • Positive outlook on the overall future of the business
  • Expected growth in the industry

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 Q4 2020

Historical avgQ4 2020

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro