DAKTRONICS REPORTS 52% INCREASE IN Q1 ’18 EARNINGS
Daktronics (DAKT), the electronic display supplier, reported a 52% increase in Q1 2018 earnings, with the company’s quarterly bottom line climbing from $5.54 million to $8.43 million YOY. Chairman Reece Kurtenbach attributed the growth to progress or completion on projects including; Mercedes Benz Stadium, Ford Field, Heinz Field and the University of Wisconsin. In total, 29 colleges and universities will use Daktronics LED video and messaging display technology this season, including the University of Texas, USC and Auburn University. Appalachian State, Cincinnati & WVU will unveil new main end zone displays.
Howie Long-Short: As the demand for electronic video display systems has grown, so too have DAKT revenues. Expect that trend to continue, as digital display systems have become an important source of revenue generation in addition to being used to enhance the fan experience
Fan Marino: If you watched the Alabama/FSU game last Saturday night, you likely noticed the massive “halo board” under the roof. The 360 degree, 62,000 square foot display was made by you guessed it… Daktronics.