Key Developments: Daktronics Inc (DAKT.O)
10.78USD
24 May 2013
$-0.08 (-0.74%)
$10.86
$10.77
$10.86
$10.70
71,101
142,995
$12.47
$6.32
Latest Key Developments (Source: Significant Developments)
Daktronics Inc Announces Management Succession
Daktronics Inc announced that Board of Directors announced that Jim Morgan, current President and Chief Executive Officer, will retire by the end of calendar year 2013. The board has named Reece Kurtenbach, current Executive Vice President, to succeed him. Full Article
Daktronics Inc Comments On Q4 2013 Revenue Guidance
Daktronics Inc announced that the backlog includes some work that is not deliverable in the fourth quarter of 2013 due to customers' schedules; however, it expects sales to increase in the fourth quarter of 2013 over both the third quarter of 2013 and the fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $127 million for the fourth quarter of 2013. Full Article
Daktronics Inc Agree To Purchase Belgium Display Manufacturer
Daktronics Inc announced that it has entered into an agreement to purchase OPEN Out-of-Home Solutions (OPEN), a Belgium company. OPEN is a European industry in providing light boxes and scrollers, advertising signs and billboard advertising displays to third party advertising (TPA) companies. OPEN has been in business over 20 years, and it is privately owned. Under the agreement, Daktronics will acquire a modern 40,000 square foot facility with office and manufacturing space. Having a manufacturing facility in Europe will allow Daktronics to better serve the Europe/ Eurasia TPA market with competitive pricing and delivery. Daktronics will be working with OPEN over the next few months to complete the acquisition and integrate OPEN into Daktronics. The closing is expected to occur in May 2013, at which point OPEN will operate as part of Daktronics. Under the agreement, Daktronics will acquire all of the stock of OPEN. Terms of the agreement are confidential. Full Article
Daktronics Inc Announces Semi-Annual Cash Dividend Per Share and Special Dividend
Daktronics Inc announced that Board of Directors approved a regular semi-annual cash dividend of $0.115 per share and a special dividend of $0.50 per share.The semi-annual and special cash dividends will be payable on December 20, 2012, to shareholders of record as of the close of business on December 10, 2012. While the Company intends to pay regular semi-annual dividends for the foreseeable future, subsequent dividends will continue to be reviewed annually and declared by the Board at its discretion. Full Article
Daktronics Inc Issues Q3 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Daktronics Inc announced that for the third quarter of 2013, it expects sales to be down from the second quarter of 2013. The Company expect sales to be in the range of third quarter of 2012 of about $123 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $130 million for the third quarter of 2013. Full Article
Daktronics Inc Names Sheila Anderson as Chief Financial Officer
Daktronics Inc announced that it has named Sheila Anderson as Chief Financial Officer and Treasurer, effective September 10, 2012. Anderson replaces Bill Retterath, who recently departed from the Company. Full Article
Daktronics Inc Comments On Q2 2013 Revenue Guidance
Daktronics Inc announced that for the second quarter of 2013 it expects net sales to exceed the level of net sales in the second quarter of 2012. The Company reported net sales of $135.91 million in the second quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $140 million for the second quarter of 2013. Full Article
Daktronics Inc Approves Regular Semi Annual Dividend
Daktronics Inc announced that it has approved a regular semi annual dividend of $0.115 per share. The dividend is payable June 25, 2012 to holders of record at the close of business on June 14, 2012. Full Article
Daktronics, Inc. Announces Regular Semi-Annual Cash Dividend of $0.11 per Share and Special Dividend of $0.40 per Share
Daktronics, Inc. announced that the Board of Directors approved a regular semi-annual cash dividend of $0.11 per share and a special dividend of $0.40 per share. The semi-annual and special cash dividends will be payable on December 22, 2011, to shareholders of record as of the close of business on December 8, 2011. Full Article
Daktronics, Inc. Comments On Q3 2012 Revenue Guidance
Daktronics, Inc. announced that for third quarter of 2012 , the Company sees net sales approaching to the level of the first quarter of fiscal 2012. The Company reported revenue of $118.7 million in first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $109.13 million for third quarter of 2012. Full Article
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