Daktronics Announces Implementation Actions For Strategic Structural Cost Reduction

Oct 14 (Reuters) - Daktronics Inc DAKT.O:

• DAKTRONICS ANNOUNCES IMPLEMENTATION ACTIONS FOR STRATEGIC STRUCTURAL COST REDUCTION AND MANUFACTURING OPTIMIZATION

• DAKTRONICS - TO EXIT IRELAND MANUFACTURING FACILITY, CLOSURE EXPECTED BY MID-FISCAL 2028

• DAKTRONICS - EXPECTS $15.80 MILLION NON-RECURRING PRE-TAX RESTRUCTURING CHARGES, $7 MILLION IN Q2 FISCAL 2027

• DAKTRONICS - INITIATES REALIGNMENT OF MANUFACTURING CAPABILITIES ACROSS U.S., MEXICO, AND CHINA OPERATIONS

• DAKTRONICS - IRELAND ACTION EXPECTED TO GENERATE $7.70 MILLION ANNUALIZED PRE-TAX SAVINGS

• DAKTRONICS - TO EXIT HIGHLY CUSTOMIZED PORTIONS OF INTERNATIONAL TRANSPORTATION BUSINESS REPRESENTING 1.5% OF REVENUE

• DAKTRONICS - TO CLOSE HONG KONG AND MACAU OFFICES, EXPECTS $0.30 MILLION ANNUALIZED SAVINGS

• DAKTRONICS: ACTIONS EXPECTED TO GENERATE ANNUALIZED INCREMENTAL PRE-TAX SAVINGS OF OVER $18.0 MILLION AT FULL RUN RATE REACHED DURING FISCAL 2028

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