Daktronics reports an upswing in earnings
Daktronics reports a successful third quarter of earnings, positive news following reports of financial struggles for the Brookings-based sign manufacturer.
The company says profits rose 32 percent last quarter.
Daktronics cites pricing increases, improved supply chain operation, and company-wide expense management as pillars to their successful quarter.
SEC filings in December revealed the company was in financial distress. Alta Fox – an investment company that owns nearly six percent of Daktronics – even called for management to step down.
Daktronics has not responded to request for comment on their recent financial report.