DAKT Sees Record Demand
Daktronics reports fourth-quarter earnings and revenue that exceeded Wall Street expectations with a record $356 million backlog
Daktronics Inc. (NASDAQ: DAKT ) stock rose Wednesday after the digital display and scoring systems company reported fourth-quarter earnings and revenue that exceeded Wall Street expectations. 3 million. Adjusted earnings were 27 cents per share, topping expectations of 20 cents per share.
GAAP earnings were 17 cents per share, compared with a loss of 19 cents per share in the prior-year period. 9% from the prior year. 05 per share from 84 cents. 0% a year earlier.
6 million. 0% a year ago. Management said the improvement was driven primarily by stronger revenue conversion, operating leverage, manufacturing discipline and working capital efficiency rather than changes in business mix. 8 million.
7% to $222 million, reflecting a difficult comparison against a year-earlier period when customers accelerated purchases ahead of pricing increases. 2 million, with approximately 52% expected to convert into revenue during the first quarter of fiscal 2027. 4% to $336 million. Daktronics said it has secured five Major League Baseball stadium installation projects since the third quarter of fiscal 2025.
8 million. 5%. 9 million in free cash flow during fiscal 2026. 8 million in total debt.
4 million during the fiscal year. Tariffs and Expansion Remain Key Focus Management said tariff-related uncertainty remains a risk and noted that no tariff refund amounts were recognized because of uncertainty around eligibility, timing and potential recovery amounts. The company said it continues to use pricing actions, supplier negotiations, sourcing initiatives and manufacturing efficiencies to offset potential tariff impacts. Daktronics expects its Mexico manufacturing facility to begin production in July 2026, with initial shipments planned for the fiscal second quarter.
Management said the facility should support margin expansion over time, though benefits are not expected immediately. The company also highlighted Camino 8 as a potential source of recurring software revenue within its Live Events platform. Daktronics said it remains on track toward its fiscal 2028 targets of 7% to 10% annual revenue growth, operating margins of 10% to 12%, and return on invested capital of 17% to 20%. 49 at the time of publication on Wednesday, according to Pro data.
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