Welcome to our dedicated page for Daktronics news (Ticker: DAKT), a resource for investors and traders seeking the latest updates and insights on Daktronics stock.
Daktronics Inc (DAKT) delivers cutting-edge display solutions for sports venues, transportation hubs, and commercial applications worldwide. This news hub provides investors and industry professionals with direct access to official corporate announcements and market-moving developments.
Track all essential updates from the electronic display leader in one centralized location. Our curated collection features press releases covering financial results, product innovations, contract awards, and strategic initiatives across Daktronics' core business segments.
Expect comprehensive coverage of earnings reports, LED technology advancements, live event solutions, and transportation display systems. Discover updates on international expansions, high school recreation projects, and commercial digital signage deployments.
Bookmark this page for streamlined access to Daktronics' latest corporate communications. Check regularly for real-time updates on the electronic display specialist's market position and technological leadership.
Daktronics, the leading designer and manufacturer of dynamic video communication displays, announced record revenues of $215.9 million for Q4 2024, up 2.9% YOY, and $818.1 million for the fiscal year, up 8.5% YOY. Gross profit margins also improved, with Q4 margins at 25.7% and fiscal year margins at 27.2%, the highest since 2009. Operating income saw a 6.4% increase in Q4 to $19.4 million and a fourfold increase for the fiscal year to $87.1 million. Despite a reduction in backlog to $316.9 million, new product orders increased by 14.6% for Q4 and 8.7% for the year. The company generated $63.2 million from operations and used $17 million for capital expenditures, ending the year with $81.7 million in cash and $54.7 million in long-term debt. Daktronics is focusing on digital transformation in fiscal 2025 to enhance profitability and customer satisfaction.
Daktronics (Nasdaq: DAKT) will release its fourth quarter fiscal 2024 financial results on June 26, 2024, before the market opens. The company will hold a conference call and webcast at 10:00 AM CT on the same day, hosted by CEO Reece A. Kurtenbach and CFO Sheila M. Anderson.
Investors can expect detailed insights into the company's financial performance for the quarter, including revenue, earnings per share (EPS), and future guidance. Participants can access the webcast through the company's investor relations page.
This announcement is significant for shareholders and potential investors who are keen on understanding the company's financial health and future prospects.
Daktronics (NASDAQ: DAKT) has introduced its latest Flip-Chip COB LED display technology. This new addition to the Narrow Pixel Pitch (NPP) product family features pixel spacings from 1.8mm to 0.9mm and boasts increased durability, reliability, and lower power consumption. The Flip-Chip COB LEDs are designed to reduce heat, eliminate wire bonds for enhanced reliability, and feature a thin, lightweight cabinet design for easy installation. The technology ensures high-contrast, vibrant colors, and is robust against impact, moisture, dust, and static. The product caters to various brightness needs, suitable for environments with indirect sunlight. Daktronics is leveraging its extensive experience to ensure the longevity and success of this product.
FAQ
What is the current stock price of Daktronics (DAKT)?
What is the market cap of Daktronics (DAKT)?
