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.


11° 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!

 

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
 

View business

You may also like

Wells Fargo Lays Off Handful Of Workers In Sioux Falls

2/3/2016 2:27 PM

Spokesperson Staci Schiller said nine employees were given a 60-day notice in its home lending department.

Full Story
IRS Phone Scam Costing KELOLAND Thousands

2/4/2016 3:05 PM

Those aggressive IRS scam calls plaguing KELOLAND have cost South Dakotans tens of thousands of dollars so far.

Full Story
Bridgestone-Firestone Recalls Over 36,000 Truck Tires

2/6/2016 1:20 PM

Bridgestone-Firestone North America is recalling more than 36,000 heavy truck tires in the U.S. and Canada because the tread can separate from the bod...

Full Story
South Dakotans: Fast Talking And Patient On The Phone

2/4/2016 7:51 AM

South Dakotans are ranked as the eighth fastest talkers in the U.S., behind Iowa at number 5 and Minnesota at number 2.

Full Story
Legislature Delays Action On Amending Health Insurance Law

2/3/2016 10:40 AM

In 2014, Initiated Measure 17, coined "patient choice" by its supporters, got 62 percent of the vote.  

Full Story


Events