Daktronics, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended April 27, 2024
June 26, 2024 at 07:15 am EDT
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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 a designer and manufacturer of dynamic video communication displays and control systems for customers worldwide. The Company's segments include Commercial, Live Events, High School Park and Recreation, Transportation, and International. Commercial segment consists of sales of its integrated video display systems, digital billboards, Galaxy and Fuelight product lines, and dynamic messaging systems. Live Events segment consists of sales of integrated scoring and video display systems, and sales of its mobile display technology to video rental organizations and other live events type venues. High School Park and Recreation segment consists of sales of scoring systems, Galaxy displays and video display systems to primary and secondary education facilities and resellers. Transportation segment primarily consists of sales of intelligent transportation systems dynamic messaging signs for road management, mass transit, and aviation applications and other electronic signage.