What is Daktronics's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Daktronics year over year?

What were the key takeaways from Daktronics's earnings call?

What is the market's earnings forecast for Daktronics next quarter?

What is Daktronics's gross profit margin?

What does Daktronics do and what are its main business segments?

Did Daktronics beat or miss consensus estimates last quarter?

What guidance did Daktronics's management provide for the next earnings period?

- **Revenue Surge**: Q3 revenue up 21.6% YoY to $182 million, driven by order backlog conversion and strategic projects.
- **Strategic Expansion**: XDC acquisition bolsters microLED capabilities, targeting medium-sized display opportunities.
- **Segment Strength**: Transportation segment surges 130% YoY; Live Events wins 6/6 MLB projects.
- **Financial Resilience**: Adjusted net income of $4.6 million despite $6 million tariff impact; cash balance at $144 million.
- **Growth Catalysts**: New CEO prioritizes AV innovation, operational efficiency, and talent development for long-term expansion.

**【Management Opening Remarks】**
- Lindsey Vetter emphasized forward-looking statements and non-GAAP financial measures, highlighting the company's commitment to transparency and risk disclosure.
- The call included a presentation with slides detailing Q3 2026 results, with a focus on revenue growth, strategic initiatives, and financial performance.

**【CEO (Brad Wiemann) Summary Section】**
- **Revenue Growth**: Q3 revenue of $182 million, up 21.6% YoY, driven by order backlog conversion despite holiday and weather challenges.
- **Order Backlog**: $342 million at quarter-end, 25% higher than Q3 2025, with 7.6% new order growth.
- **Strategic Acquisitions**: Acquisition of XDC's IP and engineering team to expand microLED capabilities, enhancing medium-sized display solutions.
- **Segment Highlights**: 
  - **Live Events**: 6/6 wins in Major League Baseball projects; Seattle Mariners and University of Illinois installations.
  - **Transportation**: 130% YoY growth, including a top-5 U.S. airport project.
  - **Commercial**: Strong on-premise advertising with a national customer; Times Square outdoor spectacular win.
  - **International**: Stadium projects in Spain and Australia; growth in indoor solutions via AV integrators.
- **Challenges**: Tariffs added $6 million in Q3 costs; uncertainty around refunds persists.

**【CFO (Howard Atkins) Financial Commentary】**
- **Revenue & Profitability**: 
  - Q3 GAAP net income: $3 million ($0.06 EPS); adjusted net income: $4.6 million (excluding $1.6M nonrecurring expenses).
  - Gross margin: 24%, flat YoY, impacted by Live Events mix and tariffs.
  - Sequential margin decline due to fixed cost leverage and tariff expenses.
- **Balance Sheet**: 
  - Cash balance: $144 million (up 13% YoY).
  - Share repurchases: $1.3 million in Q3, $17 million remaining under program.
  - Working capital efficiency improvements from business transformation initiatives.
- **Liquidity**: Strong cash position supports operations, M&A, and shareholder returns.

**【New CEO (Ramesh Jayaraman) Transition Update】**
- **Onboarding Progress**: Completed learning journey with factory visits, customer interactions, and strategic planning.
- **Growth Priorities**: 
  - Customer-led innovation in AV solutions.
  - Operational excellence to optimize profitability.
  - Talent development to support long-term growth.
- **Upcoming Events**: Investor Day on April 9, 2026, to detail strategic plans and financial frameworks.

**【Q&A Highlights】**
1. **Win Rates & Pipeline**: 
   - Live Events: 6/6 MLB wins; pipeline remains robust.
   - High School & Transportation: Strong demand for video solutions and ITS projects.
2. **Commercial Market**: 
   - On-premise advertising growth; delayed out-of-home orders expected to recover in Q4.
   - AV integrator channel expansion driving indoor product sales.
3. **Margins & Tariffs**: 
   - Gross margin pressure from Live Events mix; tariffs add $6M/Q3.
   - Mexico manufacturing facility on track for Q1 2027, with minimal margin impact.
4. **Customer Sentiment**: 
   - U.S. projects well-funded; international markets stable despite macro uncertainty.
5. **M&A Strategy**: 
   - Focus on tuck-in acquisitions with strategic and financial returns; no immediate deals announced.


Daktronics, Inc.(DAKT)-20260304-2026 Q3 Earnings call transcript

- **Revenue Growth**: 12% order growth driven by 5/5 MLB projects and 15% transportation segment expansion.
- **Profitability**: 9.4% operating margin (near 10%-12% target) despite $8.8 million tariffs.
- **Backlog Strength**: $321 million backlog (+36% YoY), with 50% in high-margin Live Events.
- **Strategic Moves**: Mexico plant for global flexibility, Venus Control Suite for recurring revenue, and 25% share buyback authorization.
- **Tariff Impact**: $8.8 million tariff expense vs. $1.5 million last year, partially offset by cost savings.

**【Management Opening Remarks】**
- Daktronics delivered strong second-quarter results with 12% year-over-year order growth and a 36% increase in product backlog to $321 million.
- The company emphasized operational efficiency, value-based pricing, and cost control to drive profitability despite $8.8 million in tariffs.
- A new manufacturing facility in Mexico was announced to enhance global production flexibility and mitigate trade risks.

**【CEO Commentary】**
- **Revenue Growth**: 12% order growth across all segments, driven by wins in Major League Baseball (5/5 projects) and transportation systems.
- **Product Innovation**: Launch of narrow-pixel displays, billboard series, and cloud-based content management systems (Venus Control Suite Live).
- **Backlog Conversion**: 50% of backlog in high-margin Live Events segment, with projects like Miami Freedom Park and Aramco Stadium scheduled for Q3-Q4 delivery.
- **Transformation Plan**: 10%-12% operating margin target on track, with initiatives like SaaS trials and AI-driven service tools.

**【CFO Financial Commentary】**
- **Net Income**: $17.5 million ($0.35 EPS), up 25.4% year-over-year after adjusting for non-recurring expenses.
- **Margins**: 27% gross profit margin and 9.4% operating margin, near the 10%-12% target range.
- **Cash Position**: $138.3 million in net cash, with $25.7 million share buyback authorization.
- **Tariff Impact**: $8.8 million in tariffs vs. $1.5 million last year, partially offset by cost efficiencies.

**【Q&A Highlights】**
- **Backlog Conversion**: 36% of orders in Q2 were Live Events, which take 6-12 months to deliver, creating a multi-quarter revenue runway.
- **Mexico Plant**: Small-scale operation to complement U.S. production, with no immediate revenue contribution but long-term flexibility.
- **Margins Breakdown**: 400 basis points of margin improvement from value-based pricing and cost savings, offset by $8 million tariffs.
- **Working Capital**: Inventory-to-sales ratio optimized to 1.2x, supporting 7%-10% annual revenue growth target.

Daktronics, Inc. (DAKT) Q2 2026 Earnings Call Transcript

- **Record Order Growth**: 35% YoY orders driven by live events (81% YoY), HS Park & Rec (36% YoY), and international (22% YoY).
- **Profitability Boost**: 34% YoY cash flow expansion, $16.5M net income, and improved gross margins via value-based pricing.
- **Innovation Momentum**: New narrow pixel pitch displays and SaaS trials support 7-10% CAGR target.
- **Key Risks**: Tariff uncertainty, project timing variability, and M&A opportunities.
- **Upcoming Events**: Sidoti and Craig-Hallum conferences in Q4 FY2025, with FY2026 guidance for 7-10% CAGR and 10-12% operating margin target.

**【CEO Summary Section】**
- **Strong Fiscal Start**: Ended Q1 FY2026 with $136.9M cash and $360M backlog, up 35% YoY in orders driven by live events, HS Park & Rec, and international growth.
- **Revenue Mix & Margins**: 35% YoY order growth, 34% YoY cash flow expansion, and gross margin improvement via value-based pricing and cost control.
- **Product Innovation**: Launched new narrow pixel pitch and facia ribbon displays, with plans for LED street furniture and next-gen indoor video systems.
- **Digital Transformation**: Progress on SaaS trials, modernized service software, and ERP upgrades, supporting 7-10% CAGR target by FY2028.

**【CFO Financial Commentary】**
- **Financial Performance**: Q1 net income of $16.5M ($0.33 EPS), up from loss in Q1 FY2025. Orders at $239M (35% YoY growth), with 14-week profit tailwind.
- **Revenue & Margins**: Sequential revenue growth due to higher-margin HS Park & Rec segment. Gross margin benefited from mix and $6M tariff mitigation.
- **Cash & Liquidity**: $137M cash balance, $10.7M share buybacks, and 49% inventory-to-sales ratio. IT/product R&D spend of $17.2M supports future growth.
- **Balance Sheet**: No debt, $10M remaining under buyback program, and open to M&A opportunities.

**【Q&A Highlights】**
- **Live Events Pipeline**: Won 3/3 major sports projects, with focus on in-bowl and out-of-bowl expansion via narrow pixel pitch and facia ribbon products.
- **Gross Margin Sustainability**: Mix of high-margin segments and cost control driving margins, with caution on long-term project timing.
- **M&A & Capital Allocation**: Open to strategic acquisitions, with buyback flexibility as cash position allows.
- **Tariff Risk**: $6M Q1 tariff expense highlights ongoing China trade uncertainty, but agile supply chain management in place.

Daktronics, Inc. (DAKT) Q1 2026 Earnings Call Transcript

- **Backlog Strength**: $342M FY25 backlog (+8% YoY) supports 7-10% FY26 revenue growth.
- **Margin Focus**: 6.6% operating margin in FY25 vs. 10.6% prior; FY26 initiatives target 10-12% margin via pricing, cost cuts.
- **Tariff Resilience**: 80% U.S. production, <50% import reliance, $2M Q4 FY26 tariff impact (pre-mitigation).
- **Digital Growth**: 32% YoY international orders, 44% QoQ Commercial segment expansion, and 20-30%+ AV integrator pipeline growth.

**【Management Opening Remarks】**
- Interim CEO Brad Wiemann highlighted a strong finish to FY25 with 17% YoY order growth and $342M backlog, up 8% YoY.
- CFO Howard Atkins reported adjusted operating income of $50M (6.6% margin) vs. $87M (10.6% margin) in FY24, driven by $16.5M in nonrecurring transformation costs.
- Tariff costs totaled $2M in Q4 FY26 (pre-mitigation), but 80% of production is U.S.-based with <50% input reliance on imports.

**【CEO Business Update】**
- **Live Events**: 15% QoQ sales growth, including major wins at Charles Schwab Field and University of Nebraska Stadium.
- **Commercial**: 44% QoQ order growth, driven by new billboard product launches and AV integrator channel expansion.
- **International**: 32% YoY order growth, led by Saudi Arabia and U.K. billboard projects.
- **Digital Transformation**: Launched SaaS trials, reduced inventory by 23%, and on track for FY28 targets of 7-10% CAGR and 10-12% operating margin.

**【CFO Financial Highlights】**
- FY25 revenue: $761M (down 3% YoY), operating cash flow: $97.7M (up 57% YoY), ending cash: $128M.
- FY25 share buybacks: $29M (neutralizing convertible note issuance), with $10M new buyback authorization.
- FY26 outlook: $342M backlog positions for 7-10% revenue growth, with margin expansion via value-based pricing and cost controls.

**【Q&A Key Takeaways】**
- **Tariff Mitigation**: Price adjustments, contract protections, and global diversification strategies in place.
- **AV Integrator Growth**: Early-stage pipeline suggests 20-30%+ CAGR in adjacent markets.
- **Margin Expansion**: 2026 initiatives include lean manufacturing, SaaS adoption, and reduced consulting costs (FY25: $7.1M).

Daktronics, Inc. (DAKT) Q4 2025 Earnings Conference Call Transcript

- **Leadership Transition**: New CEO search underway; interim leadership prioritizes execution of $18M annualized cost savings by 2028.
- **Financial Resilience**: 24.6% gross margin maintained despite 12% sales decline; $12M cash flow from ops in Q3.
- **Growth Drivers**: High School video board market <10% penetrated; Commercial/International orders up 5.2% QoQ.
- **Strategic Targets**: 7-9% CAGR, 10-12% operating margin, 17-20% ROIC by 2028.
- **Risk Mitigation**: Tariffs favor U.S. manufacturing; digital transformation to reduce costs and improve efficiency.


**【Management Transition Announcement】**
- Reece Kurtenbach steps down after 34 years as CEO; Brad Wiemann appointed Interim President/CEO. Howard Atkins assumes Acting CEO role for financial oversight.
- Board to engage executive search firm for permanent CEO to accelerate growth and profitability.

**【CEO Business Review】**
- Q3 orders down 2.7% YoY due to delayed Live Events, Transportation, and High School projects; offset by Commercial and International growth.
- Gross margin maintained at 24.6% despite 12% sales decline through cost management and product mix optimization.
- Business Transformation targets: 7-9% CAGR, 10-12% operating margin, 17-20% ROIC by FY28.

**【CFO Financial Highlights】**
- Q3 net sales $132.2M (-12.2% YoY); cash flow from ops $12M (vs $25M YoY) due to lower volumes.
- Operating loss 2.4% of sales; adjusted for one-time costs, margin 1%.
- Converted $25M convertible note, reducing interest expense by $5M; repurchased $9M in shares.

**【Digital & Business Transformation】**
- IT upgrades: EPM system go-live in May, service tools in Q2, ERP refresh planned.
- Cost-saving initiatives: $18M annualized savings by FY28 (inventory, procurement, manufacturing).
- Product R&D spend $40M FY25, focused on high ROI innovations.

**【Q&A Key Takeaways】**
- International orders improving in Europe, ME, Australia; conversion rate rising post-pandemic.
- High School video board adoption <10% of 10,000+ schools; new products driving 50%+ margin contribution.
- Tariffs favor Daktronics as U.S. manufacturer vs. China-based competitors.
- FY26 capex focus: growth enablers (digital tools, R&D) over share buybacks.


Daktronics (DAKT)-5 Mar 25-2025 Q3 Earnings call transcript

Daktronics (DAKT)-4 Dec 24-2025 Q2 Earnings call transcript

Daktronics (DAKT)-4 Sep 24-2025 Q1 Earnings call transcript

Daktronics (DAKT)-26 Jun 24-2024 Q4 Earnings call transcript

Daktronics (DAKT)-28 Feb 24-2024 Q3 Earnings call transcript

- **Record Fiscal Start**: FY 2024 Q2 sales of $199.4M (+6.4% YoY) and operating income of $19.4M reflect strong execution and margin expansion.
- **Gross Profit Surge**: 27.2% gross margin (vs. 16.9% YoY) driven by scale, pricing, and supply chain stability.
- **Cash Strength**: $25.1M cash flow and $73.5M liquidity support growth initiatives.
- **Future Growth Focus**: LED market expansion, automation investments, and international market recovery.

**【CFO Opening Remarks】**
- CFO Sheila Anderson emphasized forward-looking statements and cautioned about risks such as economic conditions, supply chain disruptions, and market fluctuations.
- The earnings release and 10-K filings are available for reference, and non-GAAP financial measures were highlighted.

**【CEO Remarks】**
- CEO Reece Kurtenbach reported a record start to FY 2024 with strong sales ($199.4M) and operating income, driven by strategic execution across all business areas.
- The company benefited from improved customer experience, profitability, and working capital management.
- Gross profit margin increased to 27.2% (vs. 16.9% YoY), attributed to higher sales volume, strategic pricing, and stable supply chains.

**【CFO Financial Commentary】**
- Operating expenses rose to $34.8M (17.4% of sales) due to employee benefit programs ($4.8M), but year-to-date efficiency improved to 15.2%.
- Operating income was $19.4M (9.7% of sales), up from $1.5M (0.8% YoY).
- A $10.7M noncash charge was recorded for convertible debt fair value adjustments, impacting net income.
- Cash generation was strong at $25.1M, with $73.5M in cash and marketable securities.
- Backlog stood at $307M, reflecting reduced lead times and supply chain stability.

**【CEO Future Outlook】**
- The LED market is expected to grow 20%-25% CAGR, with Daktronics focusing on high school, transportation, and international markets.
- Investments in narrow pixel pitch, micro-LED, and automation aim to drive long-term profitability.
- The company plans to spend $19M on capital assets and digital transformation projects.

**【Q&A Highlights】**
- **Gross Margin Fluctuations**: CEO explained that gross profit variability is due to fixed costs and seasonal sales, not inflationary pressures.
- **Cash Usage**: The company is evaluating debt repayment and other strategic uses of its $73.5M cash balance.

Actual								-0.28	-0.02	0.17	0.08	0	0.01	0.08	0.05	-0.1	-0.02	-0.12	-0.29	0.08	0.47	0.42	0.05	0.09	0.05	-0.11	0.22	0.0098	0.1776	0.3311	0.3539	0.0913
Forecast								-0.08	-0.07	0.06	0.04	-0.06	0.01	0.18	0.1	0.02	0	0.02	0.09	0.09	0.14	0.17	0.13	0.17	0.155	0.28	0.17	0.0567	0.1533	0.21	0.265	0.13
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-250.00%	+71.43%	+183.33%	+100.00%	+100.00%	0.00%	-55.56%	-50.00%	-600.00%	0.00%	-700.00%	-422.22%	-11.11%	+235.71%	+147.06%	-61.54%	-47.06%	-67.74%	-139.29%	+29.41%	-82.72%	+15.85%	+57.67%	+33.55%	-29.77%

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