Daktronics Q3 net loss $17.2M; CEO Reece Kurtenbach steps down, interim CEO named

DAKTRONICS INC /SD/

Sales $149.5M (-12.2% YoY); operating loss $3.6M vs +$8.0M; net loss $17.2M.
Adjusted operating income $1.2M excluding $4.8M transformation/governance costs.
CEO/President/Chairman Reece Kurtenbach steps down; Brad Wiemann named interim CEO; Howard Atkins acting CFO.
Orders $186.9M (-2.7% YoY); backlog $273.2M; cash from ops $74.8M YTD.
Business transformation targets: 7-10% revenue growth, 10-12% op margin by FY2028.

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