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Stock impact report

Daktronics Details CEO Change, Mexico Plant Ramp and Margin Momentum at Sidoti Conference [Yahoo! Finance]

Daktronics, Inc. (DAKT) 
Last daktronics, inc. earnings: 5/29 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.daktronics.com
Company Research Source: Yahoo! Finance
Daktronics expects a Saltillo, Mexico facility to begin operations in April–May to add capacity and diversify its manufacturing footprint (about 80% of revenue is currently from U.S. plants), and said the plant will be USMCA-compliant while chosen for cost, labor access and proximity to the U.S. border. The company reported a third consecutive quarter of revenue growth with orders up 12% year-over-year and a strong backlog; adjusted net income was $17.5M, gross margin 27% and operating margin 9.4%—just below the 10%–12% target—as transformation initiatives and product/SaaS investments aim to drive further margin improvement. Interested in Daktronics, Inc.? Here are five stocks we like better. This Is Why Daktronics Fell 40% In One Day Daktronics (NASDAQ:DAKT) used a Sidoti investor event to outline recent operating momentum, ongoing transformation initiatives, and near-term leadership and capacity changes, including the arrival of a new chief executive and the planned ramp of Show less Read more
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