Daktronics Inc
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Daktronics Inc
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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.
Revenue: Revenue was $182.0 million, up 21.6% year‑over‑year driven by backlog conversion.
Backlog: Product and services backlog reached $342.0 million, up 25% versus last year, giving multi‑quarter revenue runway.
Margins: Gross margin was 24%, down from 27% sequentially; management cited mix (Live Events) and $6.0 million of tariff expense as key factors.
Earnings: Net income was $3.0 million, or $0.06 per diluted share (adjusted net income $4.6 million after nonrecurring items).
Orders & segments: Orders remained above $200 million again; Transportation orders were up a record 130% year‑over‑year and new order growth was 7.6%.
Balance sheet & capital allocation: Cash balance $144.0 million; repurchased about 1.3 million shares in the first nine months at a VWAP of $17.6, leaving ~$17 million available for buybacks.
Strategy & M&A: Acquired IP and engineering team from X Display Company (XDC) to expand microLED/narrow pitch capabilities; management plans an Investor Day on April 9 to outline strategy.