Daktronics, Inc. (NASDAQ:DAKT) Q4 2024 Earnings Conference Call June 26, 2024 11:00 AM ET

Company Participants

Carla Gatzke - Corporate Secretary
Reece Kurtenbach - President & CEO
Sheila Anderson - CFO

Conference Call Participants

BJ Cook - Singular Research
Anja Soderstrom - Sidoti

Operator

Good day, ladies and gentlemen, and welcome to the Daktronics Fiscal Year 2024 Fourth Quarter Earnings Results Conference Call. As a reminder, this conference is being recorded today, Wednesday, June 12, 2024, and is available on the company's website at www.daktronics.com.

I would now like to turn the conference over to Ms. Carla Gatzke, company's Secretary for Daktronics for some introductory remarks. Please go ahead, Carla.

Carla Gatzke

Thank you, Siobhan. Good morning everyone. Thank you for participating in our fourth quarter earnings conference call. I would like to review a few disclosure cautioning investors and participants that in addition to statements of historical facts, we will be discussing forward-looking statements reflecting our expectations and plans about our future financial performance and future business opportunities. These forward-looking statements reflect the company's expectations or beliefs concerning future events. All forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from our expectations.

Such risks include, but aren't limited to, changes in economic and market conditions management of growth, timing and magnitude of future contracts and orders, fluctuations in margins the introduction of new products and technology, availability of raw materials, components, and shipping services, and other important factors. These identified factors could cause actual results to differ materially from those discussed in this call in the company's fourth quarter 2024 quarterly earnings release and in most -- and its most recent Annual Report on Form 10-K.

Our fourth quarter 2024 earnings release contains certain non-GAAP financial measures and was furnished to the SEC on a Form 8-K this morning. We will also make slides available for today's call. All of these documents are available on the Investors section of Daktronics website, www.daktronics.com.

I'll turn the call over to our CEO, Reece Kurtenbach.

Reece Kurtenbach

Thank you. Good morning, everyone. Thank you all for joining us today. I would like to start by saying congratulations to the Daktronics team for an amazing year. We began and finished fiscal 2024 strong, demonstrating the increased power of our more profitable business model resulting from the operating improvements we've made over the past few years. We achieved record revenue and solid expansion in our operating profitability and cash flow generation.