Daktronics (NASDAQ:DAKT), a key player in dynamic video communication displays, has released its financial results for the fourth quarter and the fiscal year ending April 27, 2024.
The company reported a 2.9% increase in fourth-quarter sales, reaching $215.9 million, and an 8.5% rise in annual sales, totalling $818.1 million.
While the company's gross margins improved to 25.7% for the quarter, operating income for the year quadrupled to $87.1 million.
Additionally, Daktronics experienced a 14.6% increase in order bookings during the fourth quarter and an 8.7% rise over the full year, demonstrating the company's continued market strength and ability to meet customer demands effectively.