Daktronics reported fiscal 2027 first-quarter results with sales of $234.6 million, up 7.1% year-over-year, and diluted earnings per share of $0.40, a 21.2% increase from the prior year period. Operating income rose to $24.9 million with an operating margin of 10.6%, while net income reached $19.4 million. The company ended the quarter with $154.6 million in cash and a product backlog of $311.3 million, marking the sixth consecutive quarter exceeding $300 million. Additionally, the Board terminated the Fiscal 2017 share repurchase program and initiated a new Fiscal 2027 program authorizing up to $34.5 million in buybacks. The Board also approved an increase in CEO Ramesh Jayaraman’s base salary to $600,000 annually and adjusted his target cash incentive percentage to 100% of base salary. Daktronics designs, manufactures, markets, and services large-screen video displays, electronic scoreboards, and LED display systems for global customers.
