Daktronics reported fiscal 2027 first-quarter results with net sales up 7.1% year over year, operating income rising 7.2% to $24.9 million, and earnings per share climbing 21.2% to $0.40, the highest quarterly EPS in three years. Gross margin expanded 80 basis points to 30.5%, and backlog stood at $311 million, exceeding $300 million for the sixth consecutive quarter. Management attributed lower bookings to project timing and expects several substantial purchase orders later in Q2, with revenue contributions beginning mostly in Q3. The company plans to increase annual capital expenditures to about $20 million for automation and manufacturing capacity, while implementing price increases and procurement savings to offset rising input costs. Daktronics also reaffirmed its fiscal 2028 targets of 7% to 10% revenue CAGR, 10% to 12% operating margins, and 17% to 20% ROIC.
Daktronics IncStrong Q1 results with EPS up 21.2% and reaffirmed fiscal 2028 targets.
