Daktronics Reports Strong Q1 Cash Flows Despite Order Softness
Daktronics Inc. (NASDAQ:DAKT) reported strong financial results for its first quarter of fiscal year 2027, with revenue rising to $234.6 million—a 7.1% increase compared to the same period last year—driven by growth in Live Events, Transportation, and International segments. The company also achieved a diluted EPS of $0.40, marking its highest quarterly figure in twelve quarters and reflecting over 21% growth. Operational cash flows reached $31.4 million, boosting the cash balance to $154.6 million after share repurchases. Despite these positive figures, new orders for products and services declined by nearly 19.6%, falling from $238.5 million in Q1 FY2026 to $191.8 million this quarter. Management attributed the drop partly to timing of large orders expected to close later in fiscal 2027, though year-over-year product backlog also fell by about 13.6%. Institutional ownership has slightly declined according to filings tracked by Insider Monkey.
