User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


31° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Most Popular Today


Daktronics Reporting A Profit

August 26, 2014, 11:10 AM by Angela Kennecke

Daktronics Reporting A Profit
BROOKINGS, SD -

Daktronics continues to expand its reach in the digital display market and is reporting an increase in sales and income.  

For the first quarter of fiscal year 2015, Daktronics saw net sales of $166.6 million, operating income of $13.6 million and net income of $8.7 million, compared to net sales of $138.7 million, operating income of $8.6 million and net income of $5.7 million, for the first quarter of fiscal 2014.

Fiscal 2015 first quarter orders were $160.7 million compared to $159.3 million for the first quarter of fiscal 2014. Backlog at the end of the fiscal 2015 first quarter was $165 million, compared with a backlog of $167 million a year earlier. 

"Our first quarter is historically one of the busiest quarters as we produce, deliver, and install for outdoor sports venues and other outdoor systems during the summer construction season. This year was no exception. Significant work was performed during the quarter for sports related projects including installations for the Jacksonville Jaguars, Cleveland Browns, and University of Arizona, Phoenix. We were also successful in the commercial market's spectacular niche, which includes video projects for New York Time's Square and the Las Vegas market, during the quarter as we continue to see more projects becoming available in that niche as compared to prior years," said Daktronics President and CEO Reece Kurtenbach. 

This month Daktronics also announced the expansion of the company by purchasing Data Display, a European based company that designs manufactures transportation displays.  Daktronics says the addition will broaden its leadership on a global scale.

Daktronics plans to spend $25 million for capital projects in 2015, including a $4 million expansion of its Minnesota manufacturing facility.  It's also investing in new manufacturing equipment for various new product lines, as well as machines upgrades, and in information technology infrastructure."

This article has been revised to reflect the following correction:
A misspelling was corrected in this story.

Previous Story

Next Story


Comments





Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

First Look At Badlands Pawn

1/20/2015 3:29 PM

Dollar Loan Center owner Chuck Brennan is releasing the first images of the design for Badlands Pawn, Gold & Jewelry.

Full Story
Rock Stars To Celebrate Pawn Shop Ground Breaking

1/23/2015 11:15 AM

Bret Michaels and Lita Ford will perform at the District on Wednesday, Jan. 28 to celebrate the ground breaking of Badlands Pawn.

Full Story
Wild Sage Grille Changing Ownership

1/20/2015 11:09 AM

While the new owners are not ready to announce yet, Gellerman says they will be remodeling the restaurant to make it their own.

Full Story
Long John Silver's Building To Become Taco Shop

1/23/2015 4:00 PM

The former Long John Silver's on Minnesota Avenue is going to become a Mexican fast food restaurant.  

Full Story
Keg Chicken Back Open In SF

1/21/2015 9:12 PM

A fried chicken favorite is back in Sioux Falls.

Full Story


Events