Daktronics reports Q2 EPS 5c vs. (29c) last year

Reports Q2 revenue $199.4M vs. $187.4M last year. “Our second quarter performance reflect strong gross profit margin expansion and cash flow generation, contributing to a record first half year of financial results. I attribute our success to our teams strong execution across all business areas and pricing strategies that we undertook over the past several quarters. In addition, our backlog reduction reflects our efforts to reduce lead times and the more stable operating environment, allowing more consistent output,” stated Reece Kurtenbach, Daktronics’ Chairman, President and Chief Executive Officer.”