Core Insights - Daktronics, Inc. reported strong financial performance for the first quarter of fiscal 2026, with significant order growth and profitability improvements driven by strategic initiatives and market demand [1][3][5] Financial Performance - Operating profit for the quarter was $23 million, with an operating margin of 10.6% [1][12] - Net income reached $16.5 million, a significant recovery from a net loss of $4.9 million in the same quarter last year [5][8] - Sales totaled $219 million, reflecting a 3.1% decrease year-over-year but a 26.9% increase sequentially from the previous quarter [10][26] - Gross profit margin improved to 29.7%, up from 26.4% a year earlier, due to manufacturing efficiencies and a higher-margin product mix [11][26] Orders and Backlog - Total orders for the quarter increased by 35.4% year-over-year, reaching $238.5 million, marking the third highest quarterly orders in the company's history [5][9] - Product backlog grew to $360.3 million, up from $267.2 million in the same quarter last year [5][26] Cash Flow and Capital Management - Operating cash flow was $26.1 million, a 34% increase from the previous year, with $10.7 million allocated for share repurchases [3][18] - The company maintained a strong cash position with an ending cash balance of $137 million [1][16] Strategic Initiatives - Daktronics is focused on business and digital transformation, aiming for 7-10% sales growth and 10-12% operating margin over the next three years [1][4] - The company is implementing a tiered product strategy and enhancing capabilities in sales, fulfillment, and support [4][6] Market Demand and Growth Areas - Demand remains strong, particularly in Live Events, High School Park and Recreation, and International markets, with notable order growth in these segments [3][9] - The company has successfully captured large orders in major league stadium projects and continues to expand its international presence [3][9]

Financial Results Announcement - Daktronics, Inc. will release its first quarter fiscal 2026 financial results on September 10, 2025, before the market opens [1] - A conference call and webcast will be hosted at 10:00 AM CT on the same day [1][2] Conference Call Details - The conference call will be led by Interim CEO Brad Wiemann and Acting CFO Howard Atkins, including forward-looking statements and material information [2] - Participants must pre-register to access the call, receiving dial-in information and a PIN [3] - A recording of the call will be archived for later replay on the company's Investor Relations website [3] Company Overview - Daktronics is the world's largest supplier of large-screen video displays, electronic scoreboards, and LED text and graphics displays [4] - The company operates in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, along with one International business unit [4]

Core Viewpoint - Daktronics, Inc. has announced the nomination of Mark Bowser and Neil Glat for election to its Board of Directors at the upcoming 2025 Annual Meeting of Shareholders, indicating a strategic move to enhance board capabilities and governance [1][4]. Group 1: Nominees' Background - Mark Bowser has extensive experience as a former CFO and EVP at Cox Automotive, where he led finance and strategy teams, and has a strong background in accounting, financial planning, and mergers and acquisitions [2][5]. - Neil Glat is a seasoned executive with a background in sports and entertainment, having served as President of the New York Jets and held senior roles at the NFL, focusing on corporate development and strategy [3][6]. Group 2: Board Composition Changes - The board will not nominate Kevin McDermott for re-election due to a Cooperation Agreement with Alta Fox Capital Management, marking a significant change in board composition [4]. - McDermott has been a director since 2015 and has contributed significantly as Chair of the Audit Committee and Lead Director [4]. Group 3: Company Overview - Daktronics is the world's largest supplier of large-screen video displays, electronic scoreboards, and related control systems, serving various sectors including live events and transportation [8].

Core Viewpoint - Daktronics, Inc. will release its fourth quarter and fiscal 2025 financial results on June 25, 2025, before market opening, followed by a conference call at 10:00 AM CT [1][2] Company Overview - Daktronics is the world's largest supplier of large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems [5] - The company operates in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, along with one International business unit [5] Conference Call Details - The conference call will be hosted by Interim CEO Brad Wiemann and Acting CFO Howard Atkins, featuring forward-looking statements and material information [2] - Participants must pre-register to access the call, receiving dial-in information and a PIN for entry [3][4] - The call will be accessible via phone or webcast, with a recording available for later replay [4]

Core Insights - Daktronics, Inc. announced participation in the Craig-Hallum Capital Group's 22nd Annual Institutional Investor Conference on May 28, 2025, with Interim CEO Brad Wiemann and Acting CFO Howard Atkins representing the company [1] Company Overview - Daktronics is the world's largest supplier of large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems [2] - The company operates in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, along with one International business unit [2] - Daktronics specializes in the control of display systems that integrate multiple complex displays to show real-time information, graphics, animation, and video [2]