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., March 08, 2024 (GLOBE NEWSWIRE) -- Daktronics Inc. (Nasdaq: DAKT), a leading global designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, announced that Reece Kurtenbach, Chief Executive Officer and Sheila Anderson, Chief Financial Officer will hold a presentation and host one-on-one meetings with investors at the Sidoti Small-Cap Virtual Conference taking place on March 13-14, 2024.

Daktronics to Present at Sidoti Small-Cap Virtual Conference March 13-14

Daktronics, Inc. (DAKT) Q3 2024 Earnings Call Transcript

BROOKINGS, S.D., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), a leading global designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today reported results for its fiscal 2024 third quarter which ended January 27, 2024.

Daktronics, Inc. Announces 2024 Fiscal Third Quarter Results

Daktronics is a market leader in the digital display industry, despite being a microcap stock. The stock price declined due to a reduced backlog caused by Covid-related supply chain issues. The company has a strong balance sheet, profitable operations, and is generating a healthy level of free cash flow.

Tiny But Mighty Daktronics

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BROOKINGS, S.D., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (Nasdaq – DAKT) announced today it will release its third quarter fiscal 2024 financial results on Wednesday, February 28, 2024 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day.

Daktronics, Inc. to Release Third Quarter Fiscal 2024 Financial Results

BROOKINGS, S.D., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), today announced that its CFO, Sheila Anderson, will present and conduct meetings with investors at the following investor conferences:

Daktronics to Present at January 2024 Investor Conferences

Daktronics controls a dominant position in the digital signage market, giving it an advantage over larger competitors like Samsung and LG. The company's dedicated sales team helps customers maximize their returns by selling advertising space on its video boards. Despite a revenue and earnings miss in Q2 FY24, Daktronics is expected to continue growing in the long term, focusing on profitable growth and operational efficiency.

Daktronics: Choppy Q2 FY24, Free Cash Flow Impressive, Increasing Price Target

Cost reductions and efficient management of the order backlog are key factors in Daktronics' recovery. The stock is trading at bargain-bin prices right now.

Is Daktronics a Buy Right Now?

Daktronics is a large company with a defensible moat, strong growth prospects, global operations, and thousands of employees, yet it trades below 8x P/E. The recent sell-off in Daktronics' stock is likely due to profit-taking, as there are no major concerns about the company's performance. Daktronics has the potential for significant future growth, with capacity expansions, a high backlog, and opportunities in software and services.

Daktronics: Below 8x Growing EPS As Their Industry Grows 20%

Daktronics just announced fiscal Q2 revenue and earnings that fell short of Wall Street's estimates. Management is still pleased with improvements in margins, cash flow, and the company's product order backlog.

Why Daktronics Stock Dropped Today

Daktronics, Inc. (NASDAQ:DAKT ) Q2 2024 Earnings Conference Call December 5, 2023 11:00 AM ET Company Participants Sheila Anderson - Chief Financial Officer Reece Kurtenbach - President and Chief Executive Officer Conference Call Participants BJ Cook - Singular Research Operator Good day, ladies and gentlemen, and welcome to the Daktronics Fiscal Year 2024 Second Quarter Earnings Results Conference Call. As a reminder, this conference is being recorded today, Tuesday, December 5, 2023, and is available on the company's website at www.daktronics.com.

Daktronics, Inc. (DAKT) Q2 2024 Earnings Call Transcript

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BROOKINGS, S.D., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported results for its fiscal 2024 second quarter which ended October 28, 2023.

Daktronics, Inc. Announces 2024 Fiscal Second Quarter Results

BROOKINGS, S.D., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), today announced that it's CFO, Sheila Anderson, will present at the Singular Research's 18th annual "Best of the Uncovered" conference in San Francisco on Thursday, December 7.

Daktronics to Present at Singular Research Best of the Uncovered Conference

BROOKINGS, S.D., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), today announced that it's CFO, Sheila Anderson, will present at NobleCon19 - Noble Capital Markets' Nineteenth (19) Annual Emerging Growth Equity Conference at Florida Atlantic University, Executive Education Complex, in Boca Raton, FL, on Tuesday, December 5, 2023 2:30pm Eastern Standard Time. There is also the opportunity to meet management at breakout sessions throughout the day.

Daktronics to Present at Noble Capital Markets' 19th Annual Emerging Growth Equity Conference

BROOKINGS, S.D., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today it will release its second quarter fiscal 2024 financial results on Tuesday, December 5, 2023 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day.

Daktronics, Inc. to Release Second Quarter Fiscal 2024 Financial Results

Daktronics has experienced a 35% YoY growth in net sales and a shift from a net loss to net income within a year. The company maintains a consistent growth path and has a significant order backlog despite supply chain challenges. The LED market is projected to grow at a CAGR of 20%, and Daktronics is well-positioned to capture a significant portion of this growth, emphasizing next-gen technologies and diversification.

Daktronics: A Rising Star In The Electronic Display Industry With A 57.5% Potential Upside

Daktronics, Inc. (NASDAQ:DAKT ) Q1 2024 Earnings Conference Call September 6, 2023 11:00 AM ET Company Participants Sheila Anderson - Chief Financial Officer and Treasurer Reece Kurtenbach - President and Chief Executive Officer Conference Call Participants BJ Cook - Singular Research Operator Good day, ladies and gentlemen, and welcome to the Daktronics Fiscal Year 2024 First Quarter Earnings Results Conference Call. As a reminder, this conference is being recorded today, Wednesday, September 6, and is available on the company's website at www.daktronics.com.

Daktronics, Inc. (DAKT) Q1 2024 Earnings Call Transcript

Daktronics handily exceeded expectations for its latest quarter as it fulfilled its backlog of orders ahead of the fall football season. In the same year-ago period, the electronics display and scoreboard leader was suffering from a bevy of pandemic-related challenges.

Why Daktronics Stock Jumped Today

BROOKINGS, S.D., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported results for its fiscal 2024 first quarter which ended July 29, 2023.

Daktronics, Inc. Announces 2024 Fiscal First Quarter Results

BROOKINGS, S.D., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today it will release its first quarter fiscal 2024 financial results on Wednesday, September 6, 2023 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day.

Daktronics, Inc. to Release First Quarter Fiscal 2024 Financial Results

BROOKINGS, S.D., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today their CFO, Sheila Anderson, will present and host one-on-one meetings with investors at the Midwest IDEAS Conference, taking place on August 23, 2023 at The Gwen in Chicago, IL. Daktronics, Inc.'s presentation is scheduled to begin at 2:00 PM CT. The presentation will be webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/midwest.

Daktronics to Present and Host 1x1 Investor Meetings at the 14th Annual Midwest IDEAS Investor Conference on August 23 in Chicago, IL

BROOKINGS, S.D., Aug. 11, 2023 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today their CFO, Sheila Anderson, will present and host one-on-one meetings with investors at the Sidoti August Virtual Investor Conference, taking place on August 16-17, 2023.

Daktronics to Present at Sidoti Virtual Investor Conference August 16 - 17

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