Daktronics reports Q1 EPS 33c vs (11c) last year

Reports Q1 revenue $218.97M vs $226.088M last year. Brad Wiemann, Daktronics (DAKT) Interim President and Chief Executive Officer, commented, “Fiscal 2026 is off to a great start, with robust order growth, profit expansion and progress along our transformation roadmap driving tangible results. Our teams delivered sequential top-line growth of 26.9 percent, with Q1 net sales down slightly against a strong year-ago comparison. We captured continued momentum in demand, particularly in Live Events where we won three major league stadium projects, a record quarter for orders in High School Park and Recreation, and continued order growth in International, for a total order growth across all business units of 35.4 percent since the first quarter of fiscal 2025. We also drove higher profitability through the initiatives we launched in fiscal 2025, including value-based pricing and better alignment between revenue and manufacturing capacity, while adapting to an uncertain and changing tariff environment. This expanded profitability and our strategic working capital management generated $26.1 million in operating cash flow, up 34.0 percent from the first quarter last year, $10.7 million of which we used to repurchase shares. We introduced new product enhancements for our indoor and outdoor Fascia Ribbon Displays, as well as new indoor Narrow Pixel Pitch display offerings for International Markets. We also launched our Service software system, a milestone that enhances customer experience and operational agility.”