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.

Earnings data Q4 2021

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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.

Daktronics reports solid Q2 growth, poised for market expansion

Daktronics' Q2 2025 performance reflects solid revenue growth, strong margins, and strategic financial management, supported by successful projects across diverse market segments.
The company's focus on enhancing show control capabilities, expanding product lines, and investing in digital transformation underscores its commitment to innovation and growth.
While facing challenges in backlog management and operational efficiency, Daktronics is well-positioned to capitalize on opportunities in market expansion, customer experience enhancement, and revenue growth.

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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

Daktronics New Billboard Technology Backed by Improved Support

BROOKINGS, S.D., Dec.  05, 2019  (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) announced today that its Board of Directors on December 4, 2019 approved a regular quarterly cash dividend of $0.05 per share.           

Daktronics Announces  Quarterly Cash Dividend per Share

BROOKINGS, S.D., Dec.  02, 2019  (GLOBE NEWSWIRE) -- TD Garden continues to improve the game-day experience for their fans by partnering with  Daktronics  (NASDAQ-DAKT) of Brookings, South Dakota, to install the first 2.5-millimeter centerhung video screens this year. The installation marks the tightest pixel pitch on a centerhung in sports.

Daktronics Brings TD Garden the First 2.5-Millimeter Centerhung Video Screens In Sports

The maker of digital scoreboards and audio-visual systems displayed lumpy results in the second quarter.

Daktronics Couldn't Light Up the Q2 Scoreboard

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Daktronics, Inc. (DAKT) CEO Reece Kurtenbach on Q2 2020 Results - Earnings Call Transcript

The maker of scoreboards, digital road signs, and other forms of advanced signage destroyed Wall Street's expectations in the first quarter, sending the stock 13% higher.

Final Q1 Score: Daktronics 1, Analysts 0

Daktronics, Inc. (DAKT) CEO Reece Kurtenbach on Q1 2020 Results - Earnings Call Transcript

BROOKINGS, S.D, Aug.  28, 2019  (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today reported fiscal 2020 first quarter 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, compared to net sales of $154.2 million, operating income of $4.0 million, and net income of $4.6 million, or $0.10 per diluted share, for the first quarter of fiscal 2019.  Fiscal 2020 first quarter orders were $187.5 million, compared to $159.6 million for the first quarter of fiscal 2019.  Product order backlog at the end of the fiscal 2020 first quarter was $207 million, compared to $177 million a year earlier and $202 million at the end of the fourth quarter of fiscal 2019.(1)

Daktronics, Inc. Announces First Quarter Fiscal 2020 Results

Hard Rock Stadium set to host professional football’s championship for 2019 season with 33,700 square feet of Daktronics LED displays Hard Rock Stadium set to host professional football’s championship for 2019 season with 33,700 square feet of Daktronics LED displays

Daktronics Installs Longest Ribbon Display In Professional Sports for Miami Dolphins

Advertising and community-focused messaging added to New York State Advertising and community-focused messaging added to New York State

Park Outdoor Grows Its Digital Billboard Footprint with Daktronics

Daktronics Inc (NASDAQ:DAKT) files its latest 10-K with SEC for the fiscal year ended on April 30, 2019.

Daktronics Inc (DAKT) Files 10-K for the Fiscal Year Ended on April 30, 2019

Daktronics, Inc. (DAKT) CEO Reece Kurtenbach on Q4 2019 Results - Earnings Call Transcript

The maker of scoreboards, traffic signals, and very large video displays didn't have much good news to share in the fourth quarter, but management remains optimistic about the company's long-term prospects.

Daktronics' Scoreboard Didn't Light Up in Q4

Daktronics announces its next round of earnings this Wednesday, May 29.

News for Daktronics Stock (DAKT)