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Daktronics, Inc.
12/5/2023
5th, 2023, and is available on the company's website at www.daktronics.com. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. I would now like to turn the conference over to Ms. Sheila Anderson. Chief Financial Officer for Daktronics. For some introductory remarks, please go ahead, Sheila.
Thank you, Gigi. 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 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 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 introductions of new products and technologies, 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 2024 quarterly earnings release and its most recent annual report on Form 10-K. Our second quarterly 2024 earnings release contains certain non-GAAP financial measures that was furnished to the Securities and Exchange Commission on a Form 8-K this morning. These documents are available on the investor section at Daktronics' website at www.daktronics.com. I'll turn the call over now to our CEO, Reece Gertenbach.
Good morning. Thank you, Sheila. Thanks, everybody out there for joining us today. We have had a record start to fiscal year 2024 in both sales and operating income and have robust operating cash generation for the quarter. All of this is the result of strong execution in our strategic strategies across all our business areas. We continue to benefit from our past decisive and deliberate actions to improve our customers' experience while increasing our profitability and working capital levels. Our performance is also a testimony to the resiliency and strength of our teams within Dektronix, as well as our strategy of diversified markets and innovation across technology platforms. For additional details on the financial results for the quarter, I'll turn it back to Sheila.
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