Daktronics says tarrif environment remains ‘highly uncertain, fluid’

The tariff environment remains highly uncertain and fluid. Since the announcement of reciprocal tariffs on April 2, 2025, tariff rates have fluctuated, including periods of increases, reductions, and temporary suspensions. Given this high degree of uncertainty with respect to tariff rates, effectiveness, exceptions and competitive reaction, Daktronics (DAKT) cannot reliably determine the ultimate tariff impact at this time. Daktronics remains agile and is able to implement certain measures to mitigate tariff impacts, though offsets may not be immediate. These measures include: Selective price adjustments and escalation clauses built into contracts; Supply chain flexibility on many components; A global manufacturing footprint that affords flexibility, including shifting production to a Daktronics lower-tariff international facility, potentially reshoring production to the U.S, or a mix of both depending on specific product cost, certainty of price or customer preference; A strong and developing international growth opportunity that can further diversify the revenue base to reduce exposure to U.S.-based revenue; The Company continues to focus on proactively managing the areas of the business within our control to generate profitable growth over the long term.