Daktronics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 27, 2024
February 28, 2024 at 07:30 am EST
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Daktronics, Inc. reported earnings results for the third quarter and nine months ended January 27, 2024. For the third quarter, the company reported sales was USD 170.3 million compared to USD 184.98 million a year ago. Net income was USD 10.74 million compared to USD 3.71 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.08 a year ago.
For the nine months, sales was USD 602.2 million compared to USD 544.33 million a year ago. Net income was USD 32.1 million compared to net loss of USD 14.6 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to basic loss per share from continuing operations of USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.69 compared to diluted loss per share from continuing operations of USD 0.32 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. 
