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 (DAKT) delivers cutting-edge display solutions for sports venues, transportation hubs, and commercial applications worldwide. This news hub provides investors and industry professionals with direct access to official corporate announcements and market-moving developments.
Track all essential updates from the electronic display leader in one centralized location. Our curated collection features press releases covering financial results, product innovations, contract awards, and strategic initiatives across Daktronics' core business segments.
Expect comprehensive coverage of earnings reports, LED technology advancements, live event solutions, and transportation display systems. Discover updates on international expansions, high school recreation projects, and commercial digital signage deployments.
Bookmark this page for streamlined access to Daktronics' latest corporate communications. Check regularly for real-time updates on the electronic display specialist's market position and technological leadership.
Daktronics has been chosen by the Green Bay Packers to install two main and two auxiliary LED video displays, alongside 60 concourse displays at Lambeau Field. This project, encompassing around 24,500 square feet and totaling 79.5 million pixels, is set for completion in spring 2023 for the upcoming football season. The main displays will feature a 6mm pixel spacing, boasting over 26.3 million pixels each, making them the highest resolution displays in professional football. Daktronics aims to enhance fan engagement and experience with these state-of-the-art systems.
Daktronics (NASDAQ: DAKT) reported record Q3 FY2023 net sales of $185.0 million, a 32.5% increase year-over-year. The product order backlog reached $429.1 million, up from $353.3 million last year. Gross profit margin improved significantly from 16.0% to 22.6%. Operating income stood at $7.1 million, with an adjusted operating income of $11.7 million, compared to a loss of $5.7 million in Q3 FY2022. Key drivers for performance included strategic pricing, enhanced operational efficiency, and inventory management. The company also extended a $10.0 million credit facility, enhancing liquidity amidst ongoing supply chain improvements.
Daktronics Inc (DAKT) will release its third quarter fiscal 2023 financial results on March 8, 2023, before the market opens. A conference call will follow at 10:00 AM CT, hosted by CEO Reece A. Kurtenbach and CFO Sheila M. Anderson. This call will feature forward-looking statements and other significant information concerning the company's performance. Participants are required to pre-register for phone access to the call. Daktronics remains a leading supplier in large-screen video displays and electronic scoreboards, with a strong market presence across various business units.
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