Daktronics, Inc. (NASDAQ:DAKT) Q2 2024 Earnings Conference Call December 4, 2024 11:00 AM ET

Company Participants

Carla Gatzke - Corporate Secretary
Reece Kurtenbach - Chief Executive Officer
Sheila Anderson - Chief Financial Officer and Treasurer

Conference Call Participants

Anja Soderstrom - Sidoti
Mac Furst - Singular Research

Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Daktronics Second Quarter Fiscal Year 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

At this time, I would like to turn the conference over to Ms. Carla Gatzke. Ms. Gatzke, you may begin.

Carla Gatzke

Thank you, Howard. Good morning, everyone. Thank you for participating in our second-quarter earnings conference call.

I would like to review our disclosure, cautioning investors and participants that in addition to statements of historical fact, 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 are not 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 and costs of raw materials components and shipping services geopolitical and governmental actions and other important factors.

These identified factors could cause actual results to differ materially from those discussed in this call in the company's second quarter 2025 quarterly earnings release and its most recent Annual Report on Form 10-K.

Our second quarter 2025 earnings release contains certain non-GAAP financial measures and was furnished to the SEC Securities and Exchange Commission on a Form 8-K this morning. We also made slides available for today's call. All these documents are available on the Investors section at Daktronics' website, www.daktronics.com.

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

Reece Kurtenbach

Thank you, Carla. Good morning, everyone. Appreciate all you joining us today. We demonstrated our continued strong execution towards driving growth and returns above our cost of capital again this quarter. We achieved sales growth in the first half of our fiscal year, typically the highest seasonal period and a record in a quarter for cash generation, which illustrates our disciplined management of working capital on the quarter sales growth and further strengthens our balance sheet positioning us to well as we look into the future.