DAKT
Daktronics, Inc.19.20
+0.09+0.47%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Reaffirms momentum, adds win-rate color.
Q&A largely reaffirmed prepared remarks on robust orders, backlog, and segment strength, but surfaced competitive color: Daktronics went six-for-six on large MLB projects as a rival took a backseat. AV integrator channels are expanding fast around indoor chip-on-board products, boosting the pipeline. A key Commercial account delayed buys post-acquisition but should recover in Q4; customer sentiment remains steady on funded projects despite macro fog. Margin initiatives are a third to half realized; Mexico facility hits FY27 start on time. No M&A in sight. Rival stepped back. Investors eye Investor Day for strategy details.
Key Stats
Market Cap
935.96MP/E (TTM)
160.00Basic EPS (TTM)
0.12Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Daktronics posted Q3 FY2026 net sales of $181.9M, up 21.6% y/y from $149.5M, with gross margin dipping to 24.0% from 24.6% on project mix shifts; operating income flipped to $1.9M profit from $3.6M loss, while YTD sales climbed 7.9% to $630.1M and diluted EPS hit $0.75 from -$0.01, reconciled to 49.5M shares. Live Events surged 62.6% y/y to $74.9M, powering topline momentum despite Transportation's 18.7% drop. Cash swelled to $144.4M with $54.3M operating cash flow; closed XDC Display Business acquisition Dec 2025 for $4.1M (debt settlement), adding $0.5M goodwill. New $71.5M credit facility offers $58.1M availability. Supply chain risks from single-source suppliers loom.
8-K
Wiemann transitions from interim CEO
Daktronics ended Bradley Wiemann's interim CEO role on February 1, 2026, shifting him to Executive VP-Advisor to the CEO through March 15, with possible extension to September 5. He gets a Transition Payment—at least $300,000 via accelerated RSU cash settlement—plus $60,000 monthly pay, but no bonuses or future equity. Smooth handover secured. Risks hinge on at-will terms.
8-K
Jayaraman named Daktronics CEO
Daktronics appointed Ramesh Jayaraman as President, CEO, and Board director effective February 1, 2026, ending Bradley Wiemann's interim role while he transitions as advisor. Reece Kurtenbach resigned from the Board that day, per prior separation terms. His consulting deal extended to May 2 at $30,000 monthly. Leadership stabilizes amid transition risks.
8-K
Gatzke exits exec role, consults
Daktronics' board approved a separation agreement for VP-HR and Corporate Secretary Carla Gatzke, effective January 31, 2026, with $674,250 severance paid over one year, full vesting of stock options and RSUs, pro-rata PSUs, and 12 months COBRA subsidy. She transitions to CEO consultant through April 30 at $30,000 monthly to handle HR, secretarial, and community matters. Smooth handover secured. Restrictive covenants bind her.
IPO
Website
Employees
Sector
Industry
AVT
Avnet, Inc.
48.84-0.42
DSWL
Deswell Industries, Inc.
3.30+0.00
ELTK
Eltek Ltd.
9.10+0.06
KTCC
Key Tronic Corporation
2.44+0.02
LFUS
Littelfuse, Inc.
253.15-7.40
LPL
LG Display Co, Ltd AMERICAN DEP
4.12-0.09
LYTS
LSI Industries Inc.
18.93-0.40
OSIS
OSI Systems, Inc.
262.65+0.27
SPRS
Surge Components, Inc.
3.25+0.09
TAIT
Taitron Components Incorporated
1.20-0.02