Daktronics sees record 1Q results

Source: Manufacturing Digital

Date :8/26/2008 4:26:59 AM

Electronic sign and scoreboard manufacturer Daktronics Inc has said that earnings climbed 41 percent as an investment in lean production techniques began to pay off.

The company also revealed that net sales were US$161.2 million with a net income of US$9.7 million, or US$0.24 per diluted share, compared to net sales of US$120.9 million and net income of US$7.1 million, or US$0.17 per diluted share, for the first quarter of fiscal 2008.

“Our investments in lean manufacturing, design for manufacturability, inventory management, facilities and systems led to record levels for manufacturing throughput,” said Jim Morgan, President and CEO.

“We also continued to demonstrate our commitment to controlling operating expenses, which increased only slightly from the fourth quarter of fiscal 2008 after adjusting for the extra week in the fiscal 2009 first quarter.”