Daktronics Q1 sales increased 7.1% to $234.6 million

• Daktronics reported fiscal 2027 first-quarter diluted EPS of $0.40, up 21.2% year over year.
• Sales increased 7.1% to $234.6 million, while operating income rose to $24.9 million.
• The company ended the quarter with $154.6 million in cash and a backlog of $311.3 million.

Daktronics (NASDAQ:DAKT) reported fiscal 2027 first-quarter diluted earnings per share of $0.40, up 21.2% year over year, as net sales increased to $234.6 million.

Sales rose 7.1% despite the quarter containing one fewer week than the prior-year period, while gross profit margin improved to 30.5% from 29.7% and operating margin remained at 10.6%.

Daktronics reported operating income of $24.9 million, net income of $19.4 million compared with $16.5 million a year earlier, operating cash flow of $31.4 million, and cash of $154.6 million with total debt of approximately $10.5 million.

The company reported orders of $191.8 million compared with $238.5 million in the prior-year quarter, while product backlog reached $311.3 million.

Daktronics designs and manufactures electronic display systems, including large-format video displays, scoreboards, and related control systems for sports, transportation, and commercial applications.

The company repurchased $4.4 million of shares during the quarter under its $40 million authorization, while its backlog remained above $300 million for the sixth consecutive quarter.