8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 14, 2008

VIDEO DISPLAY CORPORATION

(Exact name of registrant as specified in its charter)

Georgia (State of incorporation)	0-13394 (Commission File Number)	58-1217564 (IRS Employer Identification No.)
1868 Tucker Industrial Road Tucker, Georgia (Address of principal executive offices)		30084 (Zip code)

Registrant’s telephone number, including area code: (770) 938-2080

Not Applicable
(Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On July 14, 2008, Video Display Corporation issued a press release announcing the results of operations for the first quarter of Fiscal 2009 ended May 31, 2008. A copy of the release is included as exhibit 99.1 of this form 8-K and is included herein by reference.

The information in this Item 2.02 of this Form 8-K, including Exhibit 99.1 attached, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. The information in this Current Report shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(c)     Exhibits

Exhibit
Number		Description of Exhibit
	99.1	Press Release of Video Display Corporation, Dated July 14, 2008.

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 14, 2008	VIDEO DISPLAY CORPORATION
	By:	/s/ Ronald D. Ordway
		Ronald D. Ordway
		Chief Executive Officer

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EX-99.1

EXHIBIT 99.1

Video Display Sees Double-Digit Earnings Growth for Current Fiscal Year

Atlanta — July 14, 2008 — Video Display Corporation (NASDAQ:VIDE) today released results for the first quarter ended May 31, 2008, as well as earnings guidance for its current fiscal year ending February 28, 2009.

First quarter net earnings were $580,000 or $0.06 per share, in line with Company expectations, compared to $853,000 or $0.09 per share for the first fiscal quarter of 2008. The primary basis for the reduction was attributed to lower profits from operation of the Clinton Displays’ monochrome CRT division and the VDC CRT facility in Tucker, GA.

In announcing guidance, the Company forecast expectations for the entire year of fiscal 2009 to include fully taxed earnings in the range of $2.8 million to $3.2 million or approximately $0.30 to $0.34 per share on an average of 9.5 million shares outstanding.

“Results for the first quarter were within Company targets and the goal of increasing net earnings and earnings per share in the range of 15% over fiscal 2008 appears to be achievable based upon current expectations for 2009 revenues,” stated CEO, Ron Ordway. He further commented, “Video Display Corporation continues to expand its R&D efforts to generate internal growth through enhancement of its existing product base and development of new product offerings in order to ensure that its growth continues, not only in 2009, but for years thereafter.”

Video Display Corporation designs, develops and manufactures unique solutions for display requirements for military, medical and industrial use with emphasis on high end training and simulation applications. Its product offerings include ruggedized AMLCD and CRT displays as well as complete projection systems utilizing VDC’s Marquee™ line of projectors. Video Display Corporation operates 8 display design and manufacturing plants plus additional sales facilities throughout the United States and Europe.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Video Display Corporation or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the Company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the Company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, including items discussed in the Company’s Form 10-K for the year ended February 29, 2008, filed with the Securities and Exchange Commission. The Company undertakes no duty to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

	Three Months Ended
	May 31,
	2008			2007
Net sales	$	19,505		$	21,465
Cost of goods sold		12,313			13,925
Gross profit		7,192			7,540
Operating expenses
Selling and delivery		1,941			1,922
General and administrative		4,180			3,885
		6,121			5,807
Operating profit		1,071			1,733
Other income (expense)
Interest expense		(286	)		(471	)
Other, net		112			65
		(174	)		(406	)
Income before income taxes		897			1,327
Income tax expense		317			474
Net income	$	580		$	853
Basic earnings per share of common stock	$	.06		$	.09
Diluted earnings per share of common stock	$	.06		$	.09
Basic weighted average shares outstanding		9,446			9,655
Diluted weighted average shares outstanding		9,554			9,716