Daktronics, Inc. is a global leader in designing, manufacturing, and servicing electronic display systems. The company provides a wide range of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems. Daktronics offers both standard catalog products and custom-designed integrated systems for various applications, including sporting, commercial, and transportation.
- Live Events - Offers integrated scoring and video display systems and mobile display technology for college and professional sports facilities, convention centers, and other live event venues.
- High School Park and Recreation - Provides scoring systems, Galaxy® displays, and video display systems for primary and secondary education facilities and resellers.
- Commercial - Supplies integrated video display systems, digital billboards, and dynamic messaging systems to resellers, national retailers, and other commercial entities.
- Transportation - Delivers intelligent transportation systems and dynamic messaging signs for governmental transportation departments and related customers.
- International - Sells all product lines outside the United States and Canada, including integrated scoring and video display systems and transportation-related products.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Howard I. Atkins ExecutiveBoard | Acting CFO and Chief Transformation Officer | Owner and Manager of HIA Capital | Howard I. Atkins serves as the Acting CFO and Chief Transformation Officer at Daktronics since March 5, 2025 and has been a Director since December 7, 2022. Previously, he held senior executive roles at companies such as Wells Fargo, New York Life, Midlantic Corporation, and Chase Manhattan Bank, showcasing extensive financial management and strategic experience. | |
Bradley T. Wiemann Executive | Interim President and Chief Executive Officer | Bradley T. Wiemann was appointed Interim President and Chief Executive Officer of DAKT effective March 5, 2025. He has been with the company since 1993, holding roles such as Lead Design Engineer, Manager of Engineering Groups, and Executive Vice President. | View Report → | |
Carla S. Gatzke Executive | Vice President of Human Resources and Secretary | Carla S. Gatzke has built a long tenure at Daktronics since joining in 1984, serving as Corporate Secretary since 1994 and as Vice President of Human Resources since 2006. She has played a pivotal role in shaping the company’s HR strategy and corporate governance, contributing significantly to its overall operational success. | ||
Matthew J. Kurtenbach Executive | Vice President of Manufacturing | Matthew J. Kurtenbach is the Vice President of Manufacturing at Daktronics since 2014. He began his Daktronics career in 1992 as a manufacturing manager and advanced through key roles including Manufacturing Manager in 2001 and VP of Manufacturing in 2006, playing an instrumental role in leading lean manufacturing initiatives. | ||
Sheila M. Anderson Executive | Chief Financial Officer (CFO) and Treasurer | Sheila M. Anderson has been the Chief Financial Officer (CFO) and Treasurer of Daktronics, Inc. since 2012. She began her career at the company in 2002 as a Senior Accountant and advanced to Corporate Controller in 2006. | ||
Andrew D. Siegel Board | Director | Board Member at Park Avenue Synagogue; Board Member at Ashley Hope Foundation | Andrew D. Siegel has served as a Director at Daktronics since September 2022 and was named Lead Independent Director on October 17, 2023. He has a diverse background in strategy, corporate development, and finance with previous roles at companies such as FourQ Systems, Yahoo!, and GE. | |
Dr. José-Marie Griffiths Board | Director of Daktronics, Inc. | President of Dakota State University | Dr. José-Marie Griffiths has been a Director at Daktronics, Inc. since September 2020, contributing her expertise in cybersecurity, artificial intelligence, and strategic risk management to the board. She also serves as President of Dakota State University since July 2015, demonstrating a broad background in public service and higher education leadership. | |
John P. Friel Board | Director at Daktronics, Inc. | Board Member at Vascor, Inc.; Director at Preservation Technologies L.P.; Director at American Productivity and Quality Center (APQC); Principal and Founder of Five Radicals; Director and Chief Strategy Officer at Magvation, LLC; Senior Partner at the Mikan Group | John P. Friel has served as a Director at Daktronics, Inc. since September 2015 and has contributed on the Audit and Compensation Committees—with a role as Compensation Committee Chair since September 2020. Previously, he held senior leadership roles at other companies, including his tenure as CEO at MEDRAD, Inc. and serving on the board of Vascor, Inc.. | |
Kevin P. McDermott Board | Director | Kevin P. McDermott has served as Director at Daktronics since June 2015 and has been the Audit Committee Chair since October 2016. He also served as Lead Independent Director from June 2020 to October 2023 and built his career at KPMG LLP. | ||
Lance D. Bultena Board | Director of Daktronics, Inc. | Global Director of Thought Leadership for Mobility and Transportation at Hogan Lovells | Lance D. Bultena has been a Director of Daktronics, Inc. since September 2021 and serves on key committees including the Nominating and Corporate Governance Committee, Audit Committee, and as Chair of the Strategy and Risk Committee since March 2024. | |
Peter Feigin Board | Independent Board Member | President of Milwaukee Bucks Inc. and Fiserv Forum | Peter Feigin serves as an Independent Board Member at DAKT since March 5, 2025. He brings extensive leadership experience from the sports and entertainment industry, notably serving as the President of Milwaukee Bucks Inc. and Fiserv Forum since 2014. | |
Shereta D. Williams Board | Director of Daktronics, Inc. | Senior Vice President, Growth Operations at Cox Enterprises, Inc. | Shereta D. Williams has been a Director of Daktronics, Inc. since September 2021 and serves on the Audit, Compensation, and Strategy and Risk Committees. She also holds an active role as Senior Vice President, Growth Operations at Cox Enterprises, Inc., where she oversees growth operations. |
-
Given the ongoing delays in order placements due to geopolitical uncertainties and dynamic trade environments, especially in the Transportation segment, how does the management plan to mitigate these risks and ensure sustainable growth in international markets?
-
The company has set ambitious targets of achieving 10-12% operating margins and 17-20% return on capital by fiscal 2028 through its transformation program. Considering the challenges in supply chain negotiations and cost reductions, what are the main obstacles that could prevent you from reaching these targets, and how are you addressing them?
-
You mentioned spending approximately $40 million annually on product development, with plans to make this spend more efficient through digital transformation initiatives. Can you provide specific examples of how these initiatives will enhance efficiency, and how will you measure the ROI on this significant investment?
-
With the recent leadership change and the CEO stepping down, how does the management team plan to maintain momentum on the transformation initiatives and strategic goals, and what impact might this have on the company's future direction?
-
The current tariff environment seems to favor U.S. manufacturers like Daktronics, but you mentioned competitors might be more affected by new tariffs. How do you anticipate the changing tariff policies will impact your competitive position and margins in both domestic and international markets?
Research analysts who have asked questions during DAKTRONICS INC /SD/ earnings calls.
Recent press releases and 8-K filings for DAKT.
- Daktronics reported trailing 12-month revenue of approximately $749 million through Q1 and holds the position as the number one American LED video display provider.
- The company has set financial objectives for fiscal year 2028, targeting operating margins of 10% to 12%, a return on invested capital of 17% to 20%, and a compound annual growth rate of 7% to 10%.
- Daktronics identifies significant growth opportunities in the high school park and recreation and commercial segments, with the international market, which currently accounts for approximately 10% of revenue, also targeted for expansion.
- The company maintains a strong backlog and pipeline, with major live event projects anticipated to commence in late 2026 and into 2027.
- Daktronics is implementing transformation initiatives to enhance efficiency and growth, managing capital allocation through reinvestment, potential acquisitions, and share repurchases, and expects to complete its CEO search by year-end or early next year.
- Daktronics reported strong financial results for the first quarter of fiscal year 2026, with $16.5 million in net income and $0.33 per fully diluted share. The company generated $26 million in operating cash flow, marking a 34% increase year-over-year.
- The company experienced robust order growth, with Q1 FY26 orders reaching $239 million, up 35% year-over-year, and contributing to a $360 million backlog. This marks the third consecutive quarter of year-over-year order growth exceeding 10%.
- Gross margins improved due to factors such as value-based pricing, strong fixed cost leveraging, cost control, and a favorable revenue mix. Daktronics is on track with its business and digital transformation plan, targeting 10% to 12% operating margins and a 7% to 10% compound annual growth rate by fiscal year 2028.
- Daktronics repurchased $10.7 million worth of shares at a volume-weighted average price of $16.43 during the quarter, with just under $10 million remaining on the current authorization. The company ended the quarter with a strong cash balance of $136.9 million and is open to M&A opportunities.
- Daktronics, Inc. entered into a termination agreement with Brad Wiemann, Interim President and Chief Executive Officer, effective August 1, 2025. He will continue in his role until a permanent CEO begins, then serve as an advisor until January 1, 2026, or later. Upon retirement or qualifying termination, he will receive severance, including accelerated vesting and cash settlement of his Restricted Stock Unit Grant, with a minimum cash payment of $300,000.
- Sheila M. Anderson ceased to be the principal accounting officer, effective July 28, 2025, but continues as Chief Data and Analytics Officer.
- Howard I. Atkins, Acting Chief Financial Officer, was designated as the principal accounting officer, effective July 28, 2025, without additional compensation.
- The Compensation Committee approved new Performance Stock Units and Restricted Stock Units for Sheila M. Anderson, Carla S. Gatzke, and Matthew J. Kurtenbach, effective July 28, 2025. Performance Stock Units are tied to profit growth (60%) and revenue growth (40%) over a three-year period.
- Daktronics reported Q4 2025 net sales of $172,551 thousand, a 20.1% decrease year-over-year, and FY 2025 net sales of $756,477 thousand, a 7.5% decrease year-over-year.
- Despite the sales decline, Q4 2025 orders increased by 17.0% year-over-year to $240,683 thousand, driven by strong growth in Commercial (+44% YoY), International (+112% YoY), and High School Park & Recreation (+33% YoY) segments.
- For FY 2025, the company generated $97,713 thousand in net cash from operating activities and $78,496 thousand in free cash flow, ending the year with a cash balance of $128 million.
- Strategic initiatives included the launch of new product offerings and a modernized service system in May 2025, significant progress on digital transformation, conversion of 9% interest rate subordinated debt to equity, and $29 million in share repurchases.
- Shareholders approved the change of incorporation from South Dakota to Delaware at a Special Meeting on April 16, 2025, with the conversion becoming effective on April 17, 2025.
- The process involved filing the Articles of Charter Surrender, Certificates of Conversion and Incorporation, and adoption of new Delaware Bylaws to govern the company under Delaware law.