Daktronics Q1 sales rise 7.1%, EPS climbs to $0.40
Daktronics said first-quarter fiscal 2027 net sales rose 7.1% and EPS increased to $0.40, with operating income up 7.2% and cash from operations at $31.4 million.
Daktronics (NASDAQ: DAKT ) released first-quarter financial results and hosted an earnings call on Wednesday.
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The full earnings call is available at Summary Daktronics reported 7.1% net sales growth and a 21.2% increase in EPS to $0.40 for Q1 FY27, despite the quarter being one week shorter than last year's.
The company executed strategic initiatives focused on organic growth, operational excellence, and disciplined capital deployment, generating $31.4 million in cash from operations.
Key operational highlights include the successful ramp-up of a new manufacturing plant in Mexico and the rollout of the Camino 8 graphics engine.
Daktronics' backlog remains strong at $311 million, with expectations to book substantial orders in Q2.
Management is focused on growth through software and services, international market expansion, and optimizing operational efficiencies through automation and procurement strategies.
Future guidance reaffirms targets of 7-10% revenue growth CAGR, operating margins of 10-12%, and ROIC of 17-20% by fiscal 2028.
Full Transcript OPERATOR Good day, and thank you for standing by.
Welcome to the Daktronics First Quarter Fiscal Year 2027 Financial Results Conference Call.
At this time, all participants are in a listen-only mode.
After the speaker's presentation, there will be a question-and-answer session.
To ask a question during the session, you'll need to press star 11 on your telephone.
You will then hear an automated message advising your hand is raised.
To withdraw your question, please press star 11 again.
Please be advised today's conference is being recorded.
I would now like to turn the conference over to your speaker today, Lindsey Vetter.
Please go ahead.
Lindsey Vetter, Investor Relations Good morning, everyone.
Thank you for participating in our fiscal 2027 first quarter earnings conference call.
On today's call will be Ramesh Jayaraman, our President and Chief Executive Officer, and Howard Atkins, our Acting Chief Financial Officer.
As a reminder, this presentation will contain forward-looking statements under the Private Securities Litigation Reform Act reflecting our expectations and plans about future financial performance and future business opportunities.
These forward-looking statements reflect the company's expectations or beliefs about future events based on information currently available to us.
Of course, actual results could differ.
Please refer to slide 2 of the presentation that accompanies today's call, our press release, and our SEC filings for information on risk factors, uncertainties, and expectations that could cause actual results to differ materially from these expectations.
We undertake no obligation to publicly update or revise any forward-looking statement.
During this presentation, we will also refer to non-GAAP financial measures.
You can find the reconciliation of each non-GAAP measure to the most directly comparable GAAP measure in the appendix to the accompanying presentation slides, which may be found on the Investor Relations page of our website at Our earnings release for the fiscal 2027 first quarter, which was furnished to the SEC on a Form 8-K this morning, also contains certain non-GAAP financial measures and a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures as well.
A discussion of certain limitations when using non-GAAP financial measures is included in the earnings release, which has been posted separately to the Investor Relations page of our website.
I'll now turn the call over to Ramesh.
Ramesh Jayaraman, President and CEO Thank you, Lindsey, and good morning, everyone.
We had a strong start to fiscal '27, and I want to thank our approximately 2,700 employees across the globe for their execution and dedication.
Our strategic plan, consisting of organic growth, operational excellence, and disciplined capital deployment, is working, as reflected in Q1 results in sales, profit expansion, and EPS growth.
In Q1, we delivered 7.1% net sales growth, supported by strong demand across key end markets.