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) May 27, 2004



                            VIDEO DISPLAY CORPORATION
             (Exact name of registrant as specified in its charter)


              Georgia                   0-13394                58-1217564
    (State or other jurisdiction      (Commission            (IRS Employer
          Of incorporation           File Number)          Identification)


                 1868 Tucker Industrial Drive., Tucker, GA 30084
               (Address of principal executive offices) (Zip Code)

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





ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
         ---------------------------------

         The following exhibit is furnished pursuant to Item 12:

         Exhibit 99:  Earnings Release of Video Display Corporation dated May
                      27, 2004

ITEM 9.  REGULATION FD DISCLOSURE
         ------------------------

         On May 26, 2004, Video Display Corporation issued a press release
announcing the Company's earnings for the fourth quarter and fiscal year ended
February 29, 2004, and issued earnings per share (EPS) guidance for the fiscal
year ended February 28, 2005. A copy of the release is furnished with this
report as an exhibit pursuant to Item 12 under Item 9 of this Form 8-K.

                                   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, thereunto duly authorized.

                                    VIDEO DISPLAY CORPORATION
                                              (Registrant)



Date:  May 27, 2004                 By:    /s/ Ronald D. Ordway
                                       --------------------------------
                                          Ronald D. Ordway
                                          Chief Executive Officer


                                  EXHIBIT INDEX
                                  -------------

Exhibit 99      Earnings Release of Video Display Coporation dated May 26, 2004

EX-99

                                                                   Exhibit 99

Video Display Corporation Reports Record Year

    ATLANTA--(BUSINESS WIRE)--May 26, 2004--Video Display Corporation
(NASDAQ:VIDE)

    --  Quarterly Revenues Exceed $20,000,000 for the First Time

    --  Full Year Revenues Up for Eighth Consecutive Year

    --  Fourth-Quarter Net Earnings Set New Record

    --  Full Year Earnings $3,165,000 versus Loss of ($3,286,000)

    Video Display Corporation (NASDAQ:VIDE) is pleased to report its
8th consecutive year of record revenues along with record net earnings
for the fiscal fourth quarter and full year ended February 29, 2004.
    Net revenues at $20.4 million for the fourth quarter of fiscal
2004 surpassed $20.0 million for the first time in the Company's
history and exceeded the fourth quarter of fiscal 2/28/03 by 2.6
percent. Year-end revenues were reported at $76.59 million for fiscal
2/29/04, slightly eclipsing the previous record annual revenues of
$76.58 million set in fiscal 2/29/03. Record net earnings of
$1,010,000 ($0.21 per share) reported for the fourth quarter of fiscal
2/29/04 exceeded the previous year's fourth quarter of $942,000 ($0.19
per share) by 7.2%. Full fiscal year net earnings of $3,165,000 ($0.65
per share) represented strong growth versus the previous year net loss
of ($3,286,000) (loss of $0.69 per share). Previous year results
included pre-tax impairment charges of $7,163,000 for plant closures,
inventory obsolescence and other charges.
    "Our fiscal 2/28/04 earnings per share of $0.65 were in the
guidance range of $0.62 - $0.70 published by the Company on January
14, 2004," said Ron Ordway, VDC's Chairman and CEO. "Further, based
upon a strong backlog of booked orders, we expect to generate a
minimum of 25% growth in earnings per share for our current fiscal
year."
    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 CRT and AMLCD
displays as well as complete projection systems utilizing VDC's
Marquee(TM) line of projectors. Video Display Corporation operates 11
display design and manufacturing plants plus eight 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. These factors and conditions have been
described in the Company's annual report on Form 10-K for the fiscal
year ended 2/28/2003 and the Company's other filings with the
Securities and Exchange Commission. The reader is specifically
referred to these documents regarding the factors and conditions that
may affect future results.



                           3 mos. Ended            12 mos. Ended
                       2/29/04     2/28/03      2/29/04     2/28/03

Net sales            $20,399,000 $19,916,000  $76,592,000 $76,582,000
Cost of goods sold    13,648,000  13,118,000   51,604,000  57,042,000
Gross profit           6,751,000   6,798,000   24,988,000  19,540,000
Operating expenses     4,860,000   5,181,000   18,719,000  22,162,000
Operating
 profit(loss)          1,891,000   1,617,000    6,269,000  (2,622,000)
Net income           $ 1,010,000 $   942,000  $ 3,165,000 $(3,286,000)
Basic EPS            $      0.21        0.20  $      0.68 $     (0.69)
Diluted EPS          $      0.21 $      0.19  $      0.65 $     (0.69)
Average basic shares
 outstanding           4,776,000   4,748,000    4,674,000   4,758,000
Average diluted
 shares outstanding    4,950,000   5,095,000    4,900,000   4,758,000


    CONTACT: Video Display Corporation, Atlanta
             Ronald D. Ordway, 770-938-2080