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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:53 EDTDAKTDaktronics awarded $1.2M contract from Bay Area Rapid Transit
Daktronics has been chosen to provide $1.2M worth of 6mm pitch LED displays for San Francisco Bay Area Rapid Transit in California. BART's initial purchase of displays will be installed as part of the passenger information system along the new Warm Springs, San Jose Berryessa and East Contra Costa extensions. The Warm Springs extension is set to open to the public in December of 2015.
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August 26, 2014
07:35 EDTDAKTDaktronics enters Q2 with solid backlog
Company said, "We are entering into the Q2 with a solid backlog and with a strong pipeline of opportunities. We continue to see our Live Events business sustaining the FY14 sales levels in FY15 due to the continued interest in large video systems in this marketplace. We also are optimistic in our Commercial spectacular business, with some increase in demand in our on premise and third party advertising applications. In International, we see opportunities for growth in all regions as compared to last fiscal year as activity levels are high worldwide. In the other units, we are seeing modest growth opportunities. We remain focused on continual improvement of the operation of our business, which directly impacts profitability. We are investing in quality and reliability systems in the manufacturing and supply chain areas; our investment in product development also continues as we focus on robust solutions for Sport, Advertising, and Transportation applications. For FY15 we plan to invest $25M for capital projects including the $4M expansion of our Minnesota manufacturing facility (nearing completion), new manufacturing equipment for various new product lines as well as machines upgrades, and in our information technology infrastructure."
07:33 EDTDAKTDaktronics reports backlog of $165M at the end of Q1
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07:31 EDTDAKTDaktronics reports Q1 EPS 20c, consensus 19c
Reports Q1 revenue $166.6M, consensus $152.25M.

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