Daktronics, Inc.

Good day, ladies and gentlemen, and welcome to Doctronics Fiscal Year 2022 Second Quarter Earnings Result Conference Call. As a reminder, this conference will be recorded today, Wednesday, November 27, 2019, and is available on the company's website at www.doctronics.com. At this time, all participants are in listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star 1 on the telephone. If you require any further assistance, please press star 0. I would now like to turn the conference over to Ms. Sheila Anderson, Chief Financial Officer for Doctronics, for some introductory remarks. Please go ahead, Sheila.

Thank you. Good morning, everyone. Thank you for participating in our second quarter earnings conference call. I would like to review our disclosures cautioning investors and participants Thank you for joining us. include changes in economic conditions, changes in the competitive and market landscape, including impacts of global trade discussions and policies, management of growth, timing and magnitude of future orders and contracts, fluctuations of margins, the introduction of new products and technologies, and other important factors as noted and detailed in our 10-K and 10-Q SEC filings. With that, let me highlight some of the financial results for the second quarter and year-to-date of fiscal 2020 and the related time comparisons to fiscal 2019. As a reminder, fiscal 2020 is a 53-week year and fiscal 2019 was a 52-week year. The extra week of fiscal 2020 fell within the first quarter, resulting in the six months ended being 27 weeks versus 26 weeks. Sales, orders, and all areas of operating expenses were impacted, with the additional week in the six-month comparisons. For the second quarter, overall orders remained relatively flat as compared to last year's second quarter. Orders increased in the international and high school park and recreation business units and decreased in the transportation, commercial, and live events business units. For the year, orders are up 8.9%. Live events and international orders increased, which were partly offset by declines in transportation, and High School Park and Recreation orders.

Commercial orders were flat year over year.