Daktronics, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended October 28, 2023
December 05, 2023 at 07:30 am EST
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Daktronics, Inc. reported earnings results for the second quarter and six months ended October 28, 2023. For the second quarter, the company reported sales was USD 199.37 million compared to USD 187.44 million a year ago. Net income was USD 2.17 million compared to net loss of USD 12.98 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to diluted loss per share from continuing operations of USD 0.29 a year ago.
For the six months, sales was USD 431.9 million compared to USD 359.36 million a year ago. Net income was USD 21.36 million compared to net loss of USD 18.31 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to basic loss per share from continuing operations of USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to diluted loss per share from continuing operations of USD 0.4 a year ago.
Daktronics, Inc. is engaged in designing and manufacturing electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial and transportation applications. The Company's segments include Commercial, Live Events, High School Park and Recreation, Transportation, and International. Its Commercial segment primarily consists of sales of its integrated video display systems, digital billboards, Galaxy and Fuelight product lines, and dynamic messaging systems to resellers (primarily sign companies), out-of-home (OOH) companies, national retailers, quick-serve restaurants, casinos, shopping centers, cruise ships, commercial building owners, and petroleum retailers. Its Live Events segment primarily consists of sales of integrated scoring and video display systems to college and professional sports facilities and convention centers and sales of its mobile display technology to video rental organizations and other live event type venues.
DAKTRONICS, INC. 
