Daktronics, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended April 27, 2024
June 26, 2024 at 04:45 pm IST
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Daktronics, Inc. reported earnings results for the fourth quarter and full year ended April 27, 2024. For the fourth quarter, the company reported sales was USD 215.88 million compared to USD 209.86 million a year ago. Net income was USD 2.52 million compared to USD 21.4 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.47 a year ago.
For the full year, sales was USD 818.08 million compared to USD 754.2 million a year ago. Sales was USD 818.08 million compared to USD 754.2 million a year ago. Net income was USD 34.62 million compared to USD 6.8 million a year ago. Net income was USD 34.62 million compared to USD 6.8 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.15 a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.74 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.74 compared to USD 0.15 a year ago.
Daktronics, Inc. is engaged in designing and manufacturing electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial and transportation applications. The Company's segments include Commercial, Live Events, High School Park and Recreation, Transportation, and International. Its Commercial segment primarily consists of sales of its integrated video display systems, digital billboards, Galaxy and Fuelight product lines, and dynamic messaging systems to resellers (primarily sign companies), out-of-home (OOH) companies, national retailers, quick-serve restaurants, casinos, shopping centers, cruise ships, commercial building owners, and petroleum retailers. Its Live Events segment primarily consists of sales of integrated scoring and video display systems to college and professional sports facilities and convention centers and sales of its mobile display technology to video rental organizations and other live event type venues.
DAKTRONICS, INC. 
