Daktronics Q1 2015 sales up YoY

Daktronics, Inc. (NASDAQ: DAKT) said it has reported fiscal 2015 first quarter net sales of USD166.6m, operating income of USD13.6m and net income of USD8.7m, or USD0.20 per diluted share, compared to net sales of USD138.7m, operating income of USD8.6m and net income of USD5.7m, or USD0.13 per diluted share, for the first quarter of fiscal 2014.

Fiscal 2015 first quarter orders were USD160.7m compared to USD159.3m for the first quarter of fiscal 2014. Backlog at the end of the fiscal 2015 first quarter was USD165m, compared with a backlog of USD167m a year earlier and USD172m at the end of the fourth quarter of fiscal 2014.

Fiscal 2015 is a 53-week year and Fiscal 2014 was a 52-week year. The extra week of Fiscal 2015 fell within the first quarter, resulting in a 14-week quarter versus a 13-week quarter comparison. For comparison, sales revenue paced at USD11.9m per week in Fiscal 2015 as compared to USD10.7m during the same time last year and all operating expenses were impacted with an additional week of expenses.

Daktronics is a supplier of large screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Its website is at http://www.daktronics.com.

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