Daktronics reported fiscal Q3 2026 results with net sales of USD 181.9 million (+21.6% YoY) and new orders of USD 201.1 million (+7.6% YoY). Operating income was USD 1.9 million, with adjusted operating income of USD 4.0 million. Net income was USD 3.0 million, or diluted EPS of USD 0.06. Product backlog was USD 342.3 million at quarter end (+25.3% YoY). Gross margin was 24.0% in Q3. Cash and cash equivalents totaled USD 144.4 million at January 31, 2026, with USD 11.1 million of total current and long-term debt outstanding. Management said Q3 performance reflected value-based pricing and operational efficiencies, and noted the start of five MLB stadium projects with planned installation this spring. The company cited order growth in High School Parks and Recreation (particularly video scoreboards) and record Transportation order bookings led by the aviation sector, while continuing to monitor tariffs and electronic component cost inflation. Daktronics also highlighted a new USD 71.5 million senior credit facility entered in November 2025 and the December 2025 acquisition of the display business from X Display Company Technology Limited, which it said did not materially impact its financial statements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daktronics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603040730PRIMZONEFULLFEED9665526) on March 04, 2026, and is solely responsible for the information contained therein.
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