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Daktronics Shares Are Jumping: 'Our 2025 Priorities Are To Execute Broad Digital Transformation'

Daktronics, Inc. (NASDAQ:DAKT) shares are trading higher following fourth-quarter FY24 results. Sales rose 2.9% Y/Y to a new record of $215.9 million. This was due to backlog fulfillment, improved stability in supply chains, and expanded manufacturing capabilities. They beat the consensus of $186.19 million. Gross margin expanded by 90 basis points Y/Y to 25.7%. Operating income increased by 6.4% Y/Y to $19.4 million in the quarter. New orders for products and services ...