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Daktronics delivered a strong fiscal Q1: Revenue rose 7.1% year over year, operating income increased 7.2% to $24.9 million, and EPS climbed 21.2% to $0.40, the company's highest quarterly EPS in three years. Gross margin expanded 80 basis points to 30.5%.
Demand remains solid despite lower bookings: Backlog stood at $311 million, exceeding $300 million for the sixth consecutive quarter. Management attributed weaker bookings primarily to project timing and expects several substantial purchase orders later in Q2, with revenue contributions beginning mostly in Q3.
The company is investing while managing cost pressures: Daktronics plans to increase annual capital expenditures to about $20 million for automation and manufacturing capacity, while implementing price increases and procurement savings to offset rising input costs. It reaffirmed fiscal 2028 targets for 7%–10% revenue CAGR, 10%–12% operating margins and 17%–20% ROIC.
This Is Why Daktronics Fell 40% In One Day
#revenue
Daktronics delivered a strong fiscal Q1: Revenue rose 7.1% year over year, operating income increased 7.2% to $24.9 million, and EPS climbed 21.2% to $0.40, the company's highest quarterly EPS in three years. Gross margin expanded 80 basis points to 30.5%.
Demand remains solid despite lower bookings: Backlog stood at $311 million, exceeding $300 million for the sixth consecutive quarter. Management attributed weaker bookings primarily to project timing and expects several substantial purchase orders later in Q2, with revenue contributions beginning mostly in Q3.
The company is investing while managing cost pressures: Daktronics plans to increase annual capital expenditures to about $20 million for automation and manufacturing capacity, while implementing price increases and procurement savings to offset rising input costs. It reaffirmed fiscal 2028 targets for 7%–10% revenue CAGR, 10%–12% operating margins and 17%–20% ROIC.
This Is Why Daktronics Fell 40% In One Day
#revenue
2 months ago
