Daktronics, Inc. Announces First Quarter Fiscal 2020 Results
Daktronics, Inc. (DAKT)
Last daktronics, inc. earnings: 5/29 07:30 am
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Source: GlobeNewswire
BROOKINGS, S.D, Aug. 28, 2019 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported fiscal 2020 first quarter net sales of $180.3 million, operating income of $7.6 million, and net income of $7.0 million, or $0.16 per diluted share, compared to net sales of $154.2 million, operating income of $4.0 million, and net income of $4.6 million, or $0.10 per diluted share, for the first quarter of fiscal 2019. Fiscal 2020 first quarter orders were $187.5 million, compared to $159.6 million for the first quarter of fiscal 2019. Product order backlog at the end of the fiscal 2020 first quarter was $207 million, compared to $177 million a year earlier and $202 million at the end of the fourth quarter of fiscal 2019.(1) Fiscal 2020 is a 53-week year and fiscal 2019 was a 52-week year. The extra week of fiscal 2020 fell within the first quarter, resulting in a 14-week quarter versus a 13-week quarter comparison. Sales, orders and other results of operations were impacted due t
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