Daktronics

Daktronics, Inc. engages in designing and manufacturing electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial and transportation applications. It operates through the following segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The Commercial segment sells video, display systems, digital billboards, Galaxy, and Fuelight product lines to resellers, out-of-home companies, national retailers, quick-serve restaurants, casinos, shopping centers, cruise ships, commercial building owners, and petroleum retailers. The Live Events segment provides scoring and video display systems to college and professional sports facilities and convention centers and the sale of mobile display technology to video rental organizations and other live events type venues. The High School Park and Recreation segment engages in the sale of scoring systems, Galaxy displays, and video display systems to primary and secondary education facilities. The Transportation segment consists of sales of Vanguard and Galaxy product lines to governmental transportation departments, airlines, and other transportation related customers. The International segment is composed of sales of all product lines outside the United States and Canada. The company was founded by Aelred J. Kurtenbach and Duane E. Sander in 1968 and is headquartered in Brookings, SD.

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DAKT reports record sales and outlines growth plans for 2023

DAKT reported strong financial performance for fiscal 2023, with record sales and improved gross profit margins. The company faces challenges related to supply chain disruptions and inflationary pressures but is strategically positioned to capitalize on opportunities in the global audio visual communication systems market.

Daktronics excels in Q3 with increased sales and profitability

Daktronics delivered a robust performance in Q3 2023, with notable increases in operating income, net sales, and order volume. The company's strategic actions to improve gross profit margins and manage liquidity demonstrate a focus on financial strength. While facing challenges from external factors, Daktronics is well-positioned to leverage its strengths and opportunities for future growth.

Daktronics reports record sales and strategic growth initiatives for 2023

Daktronics delivered strong financial performance in fiscal 2023 with record sales and improved operating income.
The company's focus on global growth, new technologies, and profitability positions it well for the future.
Despite challenges such as high tax rates and supply chain issues, Daktronics remains resilient and proactive.

Daktronics reports stellar Q1 results, eyes global growth opportunities

Daktronics' Q1 2024 performance reflects robust sales growth, improved profitability, and enhanced financial stability, underpinned by strategic initiatives and operational efficiency.
While facing risks and challenges, the company's strong financial position, focus on market expansion, and global growth expectations present opportunities for sustained success and value creation.
Investors should monitor Daktronics' ability to navigate market dynamics, capitalize on growth opportunities, and mitigate potential risks to drive long-term shareholder value and profitability.

Daktronics (DAKT) reports record Q2 performance, eyes LED market growth

Daktronics (DAKT) achieved remarkable financial results in Q2 2024, showcasing growth in sales, profitability, and operational efficiency. The company's strategic focus on the LED market and profitability bodes well for future success, despite facing challenges related to tax expenses.

Daktronics (DAKT) achieves record Q3 results amidst market challenges

Daktronics (DAKT) reports strong Q3 performance with record sales, operating income, and significant order growth.
Strategic execution, market vertical updates, and financial highlights drive the company's success amidst challenges.
Opportunities for growth include expanding market verticals, exploring new revenue sources, and maintaining gross margin stability.

Daktronics Reports Record Revenue and Strategic Growth in Q4

Daktronics concluded its fiscal year with strong financial performance, marked by record revenues and improved profitability. The company is focusing on digital transformation, market innovation, and operational efficiencies to drive future growth and competitiveness. With strategic priorities set for FY 2025, Daktronics is optimistic about leveraging opportunities in high-margin areas and expanding its market presence.

Daktronics (DAKT) reports robust Q1 earnings, outlines growth strategies

Daktronics (DAKT) delivered strong financial performance in Q1 2025, with revenue growth and profit expansion.
The company's strategic focus on digital transformation and market growth presents opportunities for future success.
Challenges include addressing backlog normalization, pricing strategies, and maintaining market competitiveness.

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BROOKINGS, S.D., June 09, 2021 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported fiscal year and fourth quarter 2021 results. Daktronics reported fiscal year 2021 net sales of $482.0 million, operating income of $17.1 million, net income of $10.9 million, and earnings per diluted share of $0.24. This compares to net sales of $608.9 million, operating loss of $0.2 million, and net income of $0.5 million, or $0.01 earnings per diluted share for fiscal 2020. Fiscal 2021 orders were $515.9 million compared to $620.8 million for fiscal 2020.

Daktronics, Inc. Announces Fiscal Year and Fourth Quarter 2021 Results

BROOKINGS, S.D., June 02, 2021 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) announces the retirement of Robert G. Dutcher and Byron J. Anderson both effective on September 1, 2021. Dutcher and Anderson have served on the Daktronics board of directors since 2002 and 2005, respectively.

Daktronics board of directors announces board retirements and nominations

BROOKINGS, S.D., May 25, 2021 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT) announced today it will release its fourth quarter fiscal 2021 financial results on Wednesday, June 9, 2021 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CDT that day.

Daktronics, Inc. to Release Fourth Quarter Fiscal 2021 Financial Results

New York's Highest Resolution Scoreboard Display System to Be Installed For 2021-2022 NHL Season

UBS Arena Selects Daktronics to Install 45 HDR Capable LED Displays at World Class Venue at Belmont Park

BROOKINGS, S.D., March 03, 2021 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported fiscal 2021 third quarter results. Daktronics reported fiscal 2021 third quarter net sales of $94.1 million, operating loss of $0.2 million, net loss of $0.2 million, and earnings per diluted share of $0.00. This compares to net sales of $127.7 million, operating loss of $9.2 million, net loss of $12.7 million, and $0.28 per diluted share, for the third quarter of fiscal 2020. Fiscal 2021 third quarter orders were $86.9 million, compared to $135.0 million for the third quarter of fiscal 2020. Product order backlog at the end of the fiscal 2021 third quarter was $195 million, compared to $187 million a year earlier and $201 million at the end of the second quarter of fiscal 2021.(1)

Daktronics, Inc. Announces Third Quarter Fiscal 2021 Results

Daktronics has a strong history of profitability, innovation, and growth. The pandemic has certainly hit the company hard.

Daktronics: A Post-Pandemic Winner

New centerhung, lobby and auxiliary displays bring more than 14,600 square feet of digital space to venue New centerhung, lobby and auxiliary displays bring more than 14,600 square feet of digital space to venue

Daktronics Partners with Phoenix Suns for Venue-Wide LED Super System

Patience is a virtue, but this investment has worn me down over the years. Is it time to sell this stock?

Is There Any Light at the End of This Tunnel for Daktronics?

Daktronics, Inc. (DAKT) CEO Reece Kurtenbach on Q2 2021 Results - Earnings Call Transcript

Shares of Daktronics (NASDAQ:DAKT) fell 1.1% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 50.00% over the past year to $0.08, which beat the estimate of $0.04.

Daktronics: Q2 Earnings Insights

BROOKINGS, S.D., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported fiscal 2021 second quarter results. Daktronics reported fiscal 2021 second quarter net sales of $127.4 million, operating income of $6.7 million, net income of $3.4 million, and earnings per diluted share of $0.08. This compares to net sales of $174.9 million, operating income of $4.8 million, net income of $7.3 million, and $0.16 per diluted share, for the second quarter of fiscal 2020. Fiscal 2021 second quarter orders were $135.7 million, compared to $151.1 million for the second quarter of fiscal 2020. Product order backlog at the end of the fiscal 2021 second quarter was $201 million, compared to $182 million a year earlier and $192 million at the end of the first quarter of fiscal 2021.( 1)

Daktronics, Inc. Announces Second Quarter Fiscal 2021 Results

BROOKINGS, S.D., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT) announced today it will release its second quarter fiscal 2021 financial results on Wednesday, December 2, 2020 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CDT that day.

Daktronics, Inc. to Release Second Quarter Fiscal 2021 Financial Results

CHICAGO & BROOKINGS, S.D.--(BUSINESS WIRE)--Stats Perform, the SportsTech leader in data and AI and technology, and Daktronics (NASDAQ-DAKT) of Brookings, South Dakota, today announced a partnership to deliver the latest in data visualizations for digital signage both in and outside sporting venues.

Daktronics and Stats Perform Partner to Generate Captivating Graphics Packages for In-Arena and Out of Home Digital Signage

Shares of Daktronics (NASDAQ:DAKT) moved higher by 4% in pre-market trading after the company reported Q1 results.

Recap: Daktronics Q1 Earnings

BROOKINGS, S.D., Aug.  26, 2020  (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported fiscal 2021 first quarter results.  Daktronics reported fiscal 2021 first quarter net sales of $143.6 million, operating income of $9.5 million, and net income of $7.5 million, and earnings per diluted share of $0.17.  This compares to net sales of $180.3 million, operating income of $7.6 million, and net income of $7.0 million, or $0.16 per diluted share, for the first quarter of fiscal 2020.  Fiscal 2021 first quarter orders were $122.2 million, compared to $187.5 million for the first quarter of fiscal 2020.  Product order backlog at the end of the fiscal 2021 first quarter was $192 million, compared to $207 million a year earlier and $212 million at the end of the fourth quarter of fiscal 2021.(1)

Daktronics, Inc. Announces First Quarter Fiscal 2021 Results

All six displays feature 10-millimeter pixel spacing All six displays feature 10-millimeter pixel spacing

Daktronics Partners With Austin FC for LED Super System in New Stadium

Introducing Big Stream Introducing Big Stream

Daktronics Provides Technology to Bring the Big Screen Home

Daktronics, Inc. (DAKT) CEO Reece Kurtenbach on Q4 2020 Results - Earnings Call Transcript

BROOKINGS, S.D., June  10, 2020  (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported fiscal year and fourth quarter 2020 results.  Daktronics reported fiscal year 2020 net sales of $608.9 million, operating loss of $0.2 million, net income of $0.5 million, and earnings per diluted share of $0.01.  This compares to net sales of $569.7 million, operating loss of $4.7 million, and net loss of $1.0 million, or $0.02 per diluted share for fiscal 2019.  Fiscal 2020 orders were $620.8 million compared to $608.9 million for fiscal 2019.

Daktronics, Inc. Announces Fiscal Year and Fourth Quarter 2020 Results

BROOKINGS, S.D., June  05, 2020  (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) announces Nancy D. Frame's retirement effective September 2, 2020.  Ms. Frame had served on the Daktronics Board of Directors since 1999.  She also served as the chairperson of the Nominating and Corporate Governance Committee and as Lead Independent Director.

Daktronics Board of Directors announces Nancy Frame's retirement and nominates Dr. José-Marie Griffiths to the Board

Outdoor advertising meets new, innovative technology Outdoor advertising meets new, innovative technology

King Outdoor and Daktronics Make Strides in Billboard Industry

BROOKINGS, S.D., April  01, 2020  (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today announced its Board of Directors’ and management’s reaction to the COVID-19 pandemic.

Daktronics, Inc. Announces Reactions to and Impacts of COVID-19

BROOKINGS, S.D., Feb.  28, 2020  (GLOBE NEWSWIRE) --  Daktronics  (NASDAQ-DAKT) of Brookings, South Dakota, announces it has participated in a Series A investment round in X Display Company (XDC). XDC creates and owns leading intellectual property (IP) and capabilities in microLED mass transfer technology.

Daktronics Invests in XDC, a Leader in Mass Transfer and MicroLED Technology

BROOKINGS, S.D., Feb.  26, 2020  (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) announced today that its Board of Directors on February 25, 2020 approved a regular quarterly cash dividend of $0.05 per share.

Daktronics Announces Quarterly Cash Dividend per Share

Features added to industry-standard 400-millimeter module Features added to industry-standard 400-millimeter module

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