NASDAQ$DAKT

Daktronics Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Daktronics reported record revenue and strong expansion in operating profitability and cash flow for Q4 2024.

Daktronics reported a strong fiscal fourth quarter and year, with record fourth quarter sales of $215.9 million, a 2.9% increase compared to the prior year. The company saw improvements in gross margin and operating income, driven by improved manufacturing efficiency and strong on-time delivery to customer sites.

  • Sales increased to a record $215.9 million for the fiscal fourth quarter, a 2.9 percent increase compared to the fiscal 2023 fourth quarter.
  • Gross margin for the fourth quarter improved 90 basis points to 25.7 percent from 24.8 percent in the year-earlier period.
  • Operating income for the fiscal fourth quarter grew 6.4 percent to $19.4 million as compared to the fourth quarter of fiscal 2023.
  • New product and service orders for the fourth quarter were $205.8 million, a 14.6 percent increase from $179.5 million in the year-earlier period.

Headline financials

Total Revenue

$216M

Previous: $210M+2.9%
EPS (adj)

$0.27

Previous: $0.47-42.6%
Order Backlog

$317M

Previous: $401M-21.0%
Gross Margin

25.7%

Previous: 24.8%+3.6%
Operating Margin

9.0%

Previous: 8.7%+3.4%
Capital Expenditures

-$3.35M

Previous: $3.58M-193.7%
Net Income

$2.52M

Previous: $21.4M-88.2%
Operating Income

$19.4M

Previous: $18.3M+6.4%
Gross Profit

$55.4M

Previous: $52.1M+6.2%
R&D Expense

$9.28M

No prior period
Stock-Based Comp

$492K

Previous: $540K-8.9%

Revenue & EPS history

Daktronics · Revenue · Quarterly

$216M

Q4 2024+2.9%vs Q4 2023
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 is focused on strategic priorities in fiscal 2025 to transform and strengthen its business model to enhance earnings power. These priorities include prioritizing among end markets, attacking structural costs, and improving the operating model.

Tailwinds

  • Executing a broad digital transformation to modernize service systems for field service automation.
  • Advancing enterprise performance planning capabilities.
  • Improving and automating quoting and sales processes.
  • Extending market leadership and emphasizing higher margin product areas.
  • Pursuing growth opportunities to further penetrate serviceable addressable market.

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 2024

Historical avgQ4 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

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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