Welcome to our dedicated page for Daktronics news (Ticker: DAKT), a resource for investors and traders seeking the latest updates and insights on Daktronics stock.
Daktronics Inc. designs, manufactures, markets and services electronic display systems, including large-format LED video displays, scoreboards, message displays, digital billboards, audio systems and related control systems. News about DAKT commonly covers display projects for sports venues, transportation facilities and commercial environments, including video boards, ribbon boards, media walls and refreshed display systems using the Daktronics Renew product line.
Company updates also include financial results, order and backlog commentary, investor events, leadership and governance developments, and activity across its Live Events, Commercial, High School Park and Recreation, Transportation and International business units.
Daktronics (NASDAQ:DAKT) reported strong fiscal Q1 2026 results, posting net income of $16.5 million compared to a net loss of $4.9 million in Q1 2025. The company achieved sales of $219.0 million with an improved gross profit margin of 29.7%. Notable highlights include operating income of $23.3 million and operating margin of 10.6%.
Orders surged 35.4% year-over-year to $238.5 million, marking the third-highest quarterly orders in company history. Product backlog increased to $360.3 million, up from $267.2 million year-over-year. The company generated strong operating cash flow of $26.1 million, up 34% YoY, with a healthy cash balance of $137 million.
The company maintains its three-year objectives of 7-10% sales growth, 10-12% operating margin, and 17-20% ROIC while continuing its business and digital transformation initiatives.
Daktronics (NASDAQ:DAKT) has scheduled the release of its first quarter fiscal 2026 financial results for Wednesday, September 10, 2025, before market opening. The company will host a conference call and webcast at 10:00 AM CT on the same day.
The earnings call will be led by Brad Wiemann, Interim CEO, and Howard Atkins, Acting CFO. Participants must pre-register to receive dial-in information and a PIN for the live call. Presentation materials will be available on Daktronics' Investor Relations website before the call, and a recording will be archived for later access.
Daktronics (NASDAQ:DAKT) has announced two new board director nominations: Mark Bowser, former CFO/EVP of Cox Automotive, and Neil Glat, former President of the New York Jets. The nominees will stand for election at the company's 2025 Annual Meeting on September 3, 2025.
Bowser brings extensive financial and technology leadership experience from Cox Automotive and Cox Communications, while Glat contributes significant sports, entertainment, and technology expertise, currently serving as board chair for Evolv Technology and board member at Fubo. As part of a Cooperation Agreement with Alta Fox Capital Management, current director Kevin McDermott will not be nominated for re-election after serving since 2015.
Daktronics (NASDAQ:DAKT) reported its fiscal year and fourth quarter 2025 results, showing mixed performance. The company posted a FY2025 operating profit of $33.1 million and Q4 operating loss of $1.7 million. Full-year sales decreased 7.5% to $756.5 million, while Q4 orders grew significantly by 17% year-over-year to $240.7 million.
Notable highlights include a 55% increase in operating cash flow to $97.7 million and a strong year-end cash balance of $128 million. The company's product backlog grew 8% to $342 million. Daktronics reaffirmed its three-year objectives of 7-10% sales growth, 10-12% operating margin, and 17-20% ROIC as its business transformation initiatives progress.
Daktronics (NASDAQ: DAKT), a global leader in video display and control systems manufacturing, announced its participation in the upcoming Craig-Hallum Capital Group's 22nd Annual Institutional Investor Conference. The event will take place on May 28th, 2025 in Minneapolis, MN. The company will be represented by Brad Wiemann, Interim Chief Executive Officer, and Howard Atkins, Acting Chief Financial Officer.
Daktronics (NASDAQ:DAKT) has been selected as the official large display partner for the Tennessee Titans' new Nissan Stadium, set to open in 2027. The project includes 37 LED displays totaling over 77,000 square feet, placing the stadium among the top three in the league for total LED square footage.
The centerpiece is the innovative 'Ring of Fire' display, measuring 13 feet high by 2,275 feet wide, making it the longest display in the league at 29,575 square feet. The installation also features three main video displays totaling 25,215 square feet, with the east end zone display measuring 41 feet high by 343 feet wide.
Additional features include 23 ribbon and vomitory displays totaling 17,000 square feet, concourse displays of 1,125 square feet, and the league's largest exterior display at 3,750 square feet. The stadium will also include specialized displays in the Titans' locker room and interview room, featuring narrow pixel pitch technology.
Daktronics (Nasdaq: DAKT), a global leader in dynamic video communication displays and control systems, has announced its participation in the upcoming Sidoti Virtual Investor Conference scheduled for March 19-20, 2025.
The company's management will deliver a presentation on March 19, 2025, at 10:00am ET, which will be accessible through a live webinar. Additionally, the management team will conduct one-on-one meetings with investors on the same day.
The event registration is complimentary and open to both Sidoti clients and non-clients through www.sidoti.com/events. Investors can access a replay of the presentation webcast on Daktronics' website following the event.
Daktronics (NASDAQ:DAKT) announced significant leadership changes and Q3 FY2025 financial results. Reece Kurtenbach is stepping down as Chairman, President and CEO, transitioning to an advisory role. Brad Wiemann has been appointed Interim CEO, while Howard Atkins becomes Acting CFO and Chief Transformation Officer.
Q3 FY2025 financial highlights include:
- Sales decreased 12.2% to $149.5 million
- Operating loss of $3.6 million compared to $8.0 million income year-over-year
- Net loss of $17.2 million, with adjusted net income of $0.5 million
- Product orders decreased 2.7% to $186.9 million
- Backlog stands at $273.2 million
The company's transformation plan aims to achieve revenue growth above market rate (7-10%), expand operating margins to 10-12%, and reach 17-20% return on capital by fiscal 2028. Key initiatives focus on profitable growth, cost reduction, and digital transformation, with benefits expected in second half of fiscal 2026 and fiscal 2027.
Daktronics (NASDAQ:DAKT) has entered into a cooperation agreement with Alta Fox Capital Management, its largest shareholder. The agreement includes the appointment of Peter Feigin, President of Milwaukee Bucks and Fiserv Forum, to Daktronics' Board of Directors, where he will join the Transformation Committee.
Key terms of the agreement include:
- Daktronics will host an Investor Day in 2025
- Alta Fox will provide input on the search for a new CFO
- Alta Fox agrees to withdraw all litigation against Daktronics
- Alta Fox will support Daktronics' reincorporation to Delaware
- Alta Fox commits to standstill restrictions and voting commitments through the 2027 annual meeting