Daktronics reports Q3 EPS (36c) vs. 9c last year

Reports Q3 revenue $149.5M vs. $170.3M last year. Reece Kurtenbach, Daktronics (DAKT) Chairman, President and Chief Executive Officer, commented, “Our orders grew sequentially in the third quarter, driven by a strong increase in Commercial orders, securing a major NFL stadium order, and a rebound in International orders. Despite the traditionally lower volume in the third quarter due to the completion of fall sports installations, a natural slowdown in outdoor construction projects, and the impact of two major holidays, we successfully preserved our gross margin and increased quarterly cash flow compared to last year through cost mitigations, favorable sales mix, and careful working capital management.”