Daktronics Inc
NASDAQ:DAKT
Daktronics Inc
Daktronics, Inc. engages in designing and manufacturing electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial and transportation applications. The company is headquartered in Brookings, South Dakota and currently employs 1,981 full-time employees. The firm operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers a range of products, from small scoreboards and electronic displays to video display systems as well as related control, timing, and sound systems. The company designs, markets, manufactures, installs, and services complete integrated systems displaying real-time data, graphics, animation, and video. Its product families include video displays, scoreboards and timing systems, sound systems, message displays, out-of-home advertising displays, digital and price displays, and indoor dynamic messaging systems. The company provides a range of activities, which include marketing and sales, engineering and product design and development and technical contracting.
Daktronics, Inc. engages in designing and manufacturing electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial and transportation applications. The company is headquartered in Brookings, South Dakota and currently employs 1,981 full-time employees. The firm operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers a range of products, from small scoreboards and electronic displays to video display systems as well as related control, timing, and sound systems. The company designs, markets, manufactures, installs, and services complete integrated systems displaying real-time data, graphics, animation, and video. Its product families include video displays, scoreboards and timing systems, sound systems, message displays, out-of-home advertising displays, digital and price displays, and indoor dynamic messaging systems. The company provides a range of activities, which include marketing and sales, engineering and product design and development and technical contracting.
Strong Quarter: Daktronics delivered another solid quarter with double-digit year-over-year growth in orders, revenue, and operating income.
Order Backlog: Product backlog reached $321 million, up 36% year-over-year, providing a strong multi-quarter revenue runway.
Operating Margin: Operating margin improved to 9.4%, approaching the company's 10% to 12.5% long-term target, despite higher tariff expenses.
Segment Performance: Live Events, International, and Transportation segments showed robust growth, with notable wins in major league sports and international markets.
Expansion Plans: Announced new manufacturing facility in Mexico, expected to be operational by late April 2026, to support future growth and offer production flexibility.
Leadership Update: New CEO, Ramesh, will officially start in February, bringing industry experience and a focus on transformation and growth.
Seasonal Outlook: Management expects a seasonally slower third quarter due to holidays, but backlog and ongoing orders support continued growth.
Transformation Benefits: Value-based pricing, operational efficiencies, and digital transformation initiatives are driving margin and profitability improvements.
