a weak second-quarter report, damaged by "supply chain issues" at a recently built manufacturing plant. Also, high hopes for one NFL stadium deal fell through.
The demand for digital billboards from major outdoor advertising companies has been very high for DAKT and was the biggest growth driver for the company in recent quarters. Its Commercial Business Unit has benefited from increased demand from customers, lower costs, and loosening regulatory constraints
While the company makes a variety of digital signs--including those found at sports arenas--the demand for digital billboards drove the greatest increase in quarterly results. Revenue was up 31% while profit increased even more at 43%
DAKT announces an annual cash dividend of $0.07
Daktronics revises its Q4 revenues outlook below analyst estimates.
Daktronics issues Q3 revenue guidance above analysts' estimates.