Daktronics reiterates fiscal 2028 targets; amends JPMorgan credit deal
Daktronics reiterated fiscal 2028 targets of 7—10% revenue CAGR, 10—12% operating margin and 17—20% ROIC. The company amended a JPMorgan-led credit deal to ease patent transfers and boost CEO Ramesh Jayaraman’s pay and 2027 cash incentive.
Daktronics, Inc. (NASDAQ:DAKT) reiterated fiscal 2028 targets of 7—10% revenue CAGR, 10—12% operating margin and 17—20% ROIC. The company also amended its JPMorgan-led credit agreement to make patent transfers easier for facility flexibility. Separately, it increased CEO Ramesh Jayaraman’s pay and 2027 cash incentive.