Daktronics (DAKT) Q3 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, March 4, 2026 astatine 11:20 AM CST 31 min read

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Wednesday, March 4, 2026 astatine 11 a.m. ET

• Interim President and CEO — Brad Wiemann

• CEO and President — Ramesh Jayaraman

• Acting Chief Financial Officer — Howard Atkins

• Vice President of Investor Relations — Lindsey Vetter

Lindsey Vetter: Thank you, Jonathan. Good morning, everyone, and convey you for participating successful our 3rd 4th net league call. During today's presentation, we volition marque forward-looking statements reflecting our expectations and plans astir our aboriginal fiscal show and aboriginal concern opportunities. These forward-looking statements bespeak the company's expectations oregon beliefs astir aboriginal events based connected accusation presently disposable to us. Of course, existent results could differ. Please notation to descent 2 of the presumption that accompanies today's call, our property release, and our SEC filings for accusation connected hazard factors, uncertainties, and expectations that could origin existent results to disagree materially from these expectations. During this presentation, we volition besides notation to non-GAAP fiscal measures.

You tin find the reconciliation of each non-GAAP measurement to the astir straight comparable GAAP measurement successful the appendix to the accompanying presumption slides, which whitethorn beryllium recovered connected the Investor Relations leafage of our website astatine www.daktronics.com. Our net merchandise for the 2026 3rd quarter, which was furnished to the SEC connected Form 8-K this morning, besides contains definite non-GAAP fiscal measures. Reconciliations of these non-GAAP fiscal measures to the astir straight comparable GAAP fiscal measures, arsenic good arsenic a treatment of definite limitations erstwhile utilizing non-GAAP fiscal measures, are included successful the net release, which has been posted separately to the Investor Relations leafage of our website.

I volition present crook the telephone implicit to Brad Wiemann, Interim President and CEO done the 3rd quarter, for his review.

Brad Wiemann: Well, bully morning, everyone. Welcome to our call. Thank you for joining our 3rd 4th fiscal 2026 call. I americium joined connected the telephone by Howard Atkins, committee subordinate and Acting Chief Financial Officer, on with Ramesh Jayaraman, CEO and President, who is officially successful the relation arsenic of February 1. We volition reappraisal our fiscal 2026 3rd quarter, which ended connected 01/31/2026, on with the results and accomplishments, and past instrumentality your questions. Turning to our descent presumption connected descent three, present are the cardinal messages for the 3rd quarter.

The squad delivered different 4th of coagulated results, driving gross maturation of 21.6% twelvemonth implicit year, contempt the efficaciously shorter enactment play owed to the 3 large holidays arsenic good arsenic adverse upwind conditions passim the quarter. Our manufacturing squad did a superb occupation successful efficiently converting the bid publication we person built implicit the past fewer quarters. During the quarter, we progressed with respective large-scale installations, including 5 Major League Baseball stadiums, specified arsenic the Seattle Mariners, arsenic good arsenic the University of Illinois football's video scoring system. Orders successful the 4th were erstwhile again implicit $200,000,000. Our income and selling squad secured ample orders successful our Live Events segment.