Daktronics Inc（DAKT）のニュースとイベントDAKTDaktronics Inc

Daktronics Optimizes Manufacturing Network to Reduce Costs

Daktronics announced manufacturing network optimization designed to reduce structural costs, improve factory utilization and manufacturing flexibility, and focus capital and resources on markets and technologies offering attractive long-term returns. The company is taking these actions to execute the strategic growth and operational excellence initiatives described at its April 9, 2026 Investor Day and reaffirmed in its subsequent investor communications. Its announcement also includes the financial impact of these actions on the current quarter, Q2 fiscal 2027 results and anticipated benefits to future quarterly and annual reporting periods. Highlights include: Determination to exit the highly customized portions of the international transportation business, reorganize APAC operations to better serve customer needs, and plans to announce a new international leader. Manufacturing network optimization actions including the phased-exit of operations from the Ireland manufacturing facility and realignment of production capacity among other manufacturing locations to efficiently and optimally serve customers. Manage micro-LED development costs while continuing to explore avenues for competitive advantage and commercial success. During the implementation period expected over the next six quarters, savings are expected to be $5.0 million during the second half of fiscal 2027 and $16.0 million during fiscal 2028. When implementation is completed, expected by mid-fiscal 2028, the company expects incremental run rate expense savings of $4.5 million quarterly, or $18.0 million annualized. Please see attached table for estimated costs and expense savings by quarter for the second half of fiscal 2027 and for fiscal 2028. All of these components were identified in the company's multi-year transformation plan and are consistent with the company's stated business transformation fiscal 2028 targets of 7-10% revenue CAGR, 10-12% operating margin, and 17-20% ROIC.

Daktronics Expands Manufacturing in China, Expected Savings of $7 Million

Daktronics is also initiating steps to realign products and manufacturing capabilities across its U.S., Mexico, and China operations. Its new facility in Mexico recently completed its first production run, and the Company is expanding manufacturing capability in China, with a move to a new 355,000 square foot leased space for automatable production. The Company is also optimizing capacity and operational efficiency in our U.S. factories through attrition and voluntary terminations offered to employees. To accomplish realignment, the Company expects approximately $1.0 million in costs, of which $0.3 million in voluntary severance is expected in the current quarter. These charges are expected to be fully recouped within fiscal 2027. Planned capacity changes, when fully implemented, are expected to generate annualized run rate savings (net) of approximately $7.0 million.

Daktronics Plans to Exit Ireland Facility by Mid-2028

The Company will begin to exit its manufacturing operations at its Ireland facility, with its closure anticipated to be substantially complete by mid-fiscal 2028. The action is intended to reduce fixed costs with a low or negative return outlook and improve manufacturing utilization across the Company's global manufacturing network. The Ireland phased-exit is expected to result in $13.5 million of cumulative pre-tax charges, including employee-related costs, facility wind-down and equipment-transfer costs, and potential asset impairments. The Company expects to recognize approximately $5.3 million of related restructuring charges in fiscal 2027 Q2, with the remaining costs, largely severance, charged in subsequent quarters as incurred through the completion of the phased-exit. Fiscal 2027 pre-tax savings are estimated at $0.9 million. When fully implemented, the Ireland action is expected to generate $7.7 million of annualized pre-tax savings which will fully offset the associated implementation costs in less than two years, while contributing to the Company's broader structural cost reduction and margin improvement objectives. As part of the phased-exit of the Ireland facility, Daktronics is working closely with valued existing customers to plan the necessary production to fulfill outstanding orders and build sufficient spare part inventory to meet our warranty and service obligations.