Daktronics delivered impressive third-quarter results with a 21.6% year-over-year revenue growth, driven by robust demand across its segments, particularly in Live Events and Transportation.
- Revenue reached significant heights, with orders surpassing $200 million, contributing to a backlog of $342 million, 25% higher year-over-year.
- A record 130% growth in orders from the Transportation segment underscores strong business momentum in intelligent systems and aviation.
- Successful acquisition of intellectual property from XCC enhances Daktronics' micro LED capabilities, positioning the company for future growth in high-resolution display markets.
- Continued expansion in Live Events, achieving a 100% success rate in Major League Baseball projects this fiscal year.
- The international business saw a decline compared to last year, although notable orders from Spain and Australia indicate potential recovery.
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