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Last $11.85 USD
Change Today -0.16 / -1.33%
Volume 113.3K
DAKT On Other Exchanges
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

daktronics inc (DAKT) Snapshot

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11/12/14 - $13.90
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daktronics inc (DAKT) Details

Daktronics, Inc., together with its subsidiaries, designs, manufactures, and sells various electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation, as well as controllers; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events, primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms. It also provides message displays; ITS dynamic message signs, including LED displays for road management, mass transit, and aviation applications; and digit and directional displays for use in parking facilities; audio systems for outdoor sports venues. In addition, the company offers static and digital billboards used to display static images which change at regular intervals for the out-of-home (OOH) advertising industry; Visiconn system, a software application for controlling content and playback loops for digital billboard applications; and street furniture comprising advertising light boxes for static, scrolling, and digital OOH campaigns. Further, it provides digit and price displays, such as outdoor time and temperature displays, as well as Fuelight digit displays for the petroleum industry; and maintenance and professional services related to its products. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is based in Brookings, South Dakota.

2,420 Employees
Last Reported Date: 06/22/15
Founded in 1968

daktronics inc (DAKT) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $282.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $230.1K
Executive Vice President of Commercial & Tran...
Total Annual Compensation: $236.8K
Vice President of Manufacturing
Total Annual Compensation: $216.4K
Compensation as of Fiscal Year 2014.

daktronics inc (DAKT) Key Developments

Daktronics Inc. Announces Executive Changes

Daktronics Inc. announced the retirement of director James A. Vellenga from its board of directors effective September 2, 2015. The board has selected Kevin P. McDermott and John P. Friel as independent directors. Mr. McDermott fills the vacancy created by the May 1, 2015 retirement of Bruce W. Tobin, and his appointment is effective immediately. Mr. Friel is nominated to fill Mr. Vellenga's vacancy, and he will stand for election at the September 2, 2015 annual meeting of shareholders. Mr. Vellenga had served on the Daktronics board of directors since 1997. He is a member of the nominating and corporate governance and audit committees. John P. Friel served for 30 years in various capacities at MEDRAD Inc. He joined MEDRAD in the accounting area and earned a promotion to treasurer and vice president in corporate planning in 1986 and the business development area in 1987. He then served as executive vice president of sales and marketing from 1989-1995, senior vice president and general manager from 1995-1998, and as president and CEO from 1998-2010. Mr. Friel is currently the managing director at Preservation Technologies LP, the director of the medical device industry segment at Blue Water Growth LLC, and a business consultant and board member of various companies in his position at Five Radicals LLC. Kevin P. McDermott joins the board of directors with 33 years in various capacities with the accounting firm of KPMG LLP, including audit engagement partner, SEC reviewing partner, professional practice partner, and in the firm's Office of General Counsel. Although Mr. McDermott retired from KPMG LLP, he provides litigation support consulting services on a part time basis.

Daktronics, Inc. Partners with Coastal Carolina University to Design, Manufacture and Install New LED Video Display and Scoreboard

Daktronics Inc. has partnered with Coastal Carolina University to design, manufacture and install a new LED video display and scoreboard at Spring-Brooks Stadium in Conway, South Carolina. Chanticleer fans have been enjoying the new equipment since early 2015 when the installation was completed. The new video display measures 13 feet high by 24 feet wide and features a 15HD pixel layout. It features variable content zoning to highlight one large image for live video and instant replays, or to section the display into multiple windows to show a variety of graphics, animations, up-to-the-minute statistics, sponsor messages and other game information. The standard fixed-digit scoreboard measures more than 9 feet high by 36 feet wide and shows standard baseball statistical information such as runs, hits, errors, inning-by-inning scoring and more.

Daktronics Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended May 2, 2015; Provides Capital Expenditures Guidance for the Year of 2015

Daktronics Inc. announced unaudited consolidated earnings results for the fourth quarter and fiscal year ended May 2, 2015. For the quarter, the company reported net sales of $158,086,000 compared to $136,240,000 a year ago. Operating income was $7,011,000 compared to $6,829,000 a year ago. Income before income taxes was $6,985,000 compared to $7,108,000 a year ago. Net income was $3,839,000 compared to $1,826,000 a year ago. Basic and diluted earnings per share were $0.09 compared to $0.04 a year ago. For the year, the company reported net sales of $615,942,000 compared to $551,970,000 a year ago. Operating income was $31,285,000 compared to $36,557,000 a year ago. Income before income taxes was $31,683,000 compared to $37,241,000 a year ago. Net income was $20,882,000 compared to $22,206,000 a year ago. Diluted earnings per share were $0.47 compared to $0.51 a year ago. Net cash provided by operating activities was $53,301,000 compared to $36,199,000 a year ago. Purchases of property and equipment were $21,837,000 compared to $13,519,000 a year ago. Free cash flow was $35,501,000 compared to $22,918,000 a year ago. The company provided capital expenditures guidance for the year of 2015. For the year 2015, the company expects approximately $25 million in capital expenditures for investments in manufacturing or testing related equipment to support new product introductions and quality and reliability initiatives and for information technology system upgrades.


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