Butler Natl Corp Stock Price, News & Analysis

Butler National Corporation (OTCQX: BUKS) announced that EASA and UK CAA issued Supplemental Type Certificates for Avcon's non-halon portable fire extinguisher replacements for Learjet aircraft.

EASA STC No. 10088775 and CAA STC No. 00484 approve Halotron BrX-filled, size-equivalent extinguishers across a full Learjet model list; FAA previously issued STC No. ST12087CH. The approvals enable compliance with EU/Montreal Protocol rules requiring replacement of hand-held halon extinguishers by December 31, 2025. Avcon and Butler plan to stock kits with FAA Form 8130 and associated paperwork for rapid installation.

Butler National - Tempe (OTCQX: BUKS), a subsidiary specializing in Special Mission Electronics, has received the Northrop Grumman Corporation Silver Award for outstanding quarterly performance during April-June 2025.

The recognition comes through Northrop Grumman's Supplier Assessment Management System (SAMS) Scorecard, which evaluates suppliers across multiple categories including management, technical capabilities, schedule adherence, cost management, and quality assurance. Butler National - Tempe's core business involves designing and manufacturing control systems, gun simulators, aircraft fuel tank safety solutions, and ruggedized cabling systems for commercial and defense clients.

Butler National Corporation (OTCQX: BUKS) reported strong Q1 FY2026 financial results, with operating income increasing 32% to $4.67 million and net income surging 64% to $3.69 million. Revenue grew 1.5% to $20.13 million, driven by a 7% increase in Aerospace Products segment revenue to $11.3 million.

The company's Aerospace Products segment showed significant improvement with operating margins expanding to 25% from 13% year-over-year, benefiting from Butler-Tempe production efficiencies and increased Aircraft Avionics business. The Professional Services segment saw a 5% revenue decline to $8.8 million, impacted by increased Kansas gaming revenue share and regional economic challenges, though mobile sports wagering revenue grew to $1.3 million.

During Q1, Butler National repurchased 2.41 million shares and has authorized an additional $5 million for future stock repurchases.

Avcon Industries (OTCQX:BUKS) and its affiliate Butler Avionics have received FAA Supplemental Type Certificate (STC) approval for installing non-halon portable fire extinguishers in multiple Learjet aircraft models. The certification (STC No. ST12087CH) enables the replacement of existing halon fire extinguishers with Halotron BrX-filled alternatives.

The approval is particularly significant as it addresses the European Union's mandate requiring replacement of hand-held halon fire extinguishers in airplane cabins and crew compartments by December 31, 2025. The company is currently pursuing EASA validation of the STC approval and working to expand the STC-approved model list.

Butler National Corporation (OTCQX: BUKS) has announced a significant share repurchase initiative, having bought back 2.41 million shares at an average price of $1.51 per share since April 30, 2025. The company has concluded its 2016 Stock Repurchase Program and launched a new $5 million repurchase program extending through April 2027.

The new program authorizes the repurchase of approximately 4.8% of the company's 64.8 million outstanding shares at current market prices. Of the recent 2.41 million share repurchase, Butler National has paid $2.9 million to sellers with $0.9 million in remaining payment obligations due before December 31, 2025.

Butler National Corporation (OTCQX: BUKS), a leader in aircraft modification and gaming management services, has adopted new Corporate Governance Guidelines to enhance its board structure and governance practices. The guidelines include both existing policies and new measures, with a notable addition of a mandatory retirement age of 75 for directors.

The company has implemented several governance improvements over the past year, including annual director elections, removal of the poison-pill, appointment of a Lead Independent Director, separation of Chairman and CEO roles, and adoption of a majority vote standard for uncontested director elections. These guidelines are now available on the company's Investor Relations website.

Butler National Corporation (OTCQX: BUKS) reported strong financial results for fiscal year 2025, with record earnings of $0.19 per share and record operating income of $16.8 million, up 27% year-over-year. The company achieved revenue of $84 million, a 7% increase, driven by a 15% growth in Aerospace Products segment.

The Aerospace segment's success was attributed to improved production efficiencies at Avcon and Butler-Tempe, while Professional Services maintained stable revenue at $38.3 million despite regional economic challenges. The company's backlog grew to $33.6 million from $30.3 million year-over-year, with significant developments in aircraft modification projects and new STC approvals.

Butler National Corporation (BUKS) has appointed Adam Sefchick, CPA as its new Chief Financial Officer. Sefchick, who previously served as Chief Accounting Officer at Jack Cooper, brings extensive experience in financial management, SEC reporting, and business systems implementation. He holds a Master's in Business and Information Systems and a Bachelor's in Business Administration/Accounting from the University of Kansas.

The appointment aligns with Butler National's strategic objectives during its organic growth phase. Sefchick will focus on streamlining processes, implementing efficient information systems, and reducing overhead costs. His role will be crucial in optimizing the company's financial structure and enhancing financial transparency. The appointment is pending background investigation by the Kansas Racing and Gaming Commission.

Butler National Corporation (OTCQB: BUKS) has announced a significant reorganization of its sales teams and personnel structure. The company is eliminating the sales team from the parent company and relocating affected staff to relevant subsidiary divisions. As part of this restructuring, the position of BNC Vice President & Director of Sales has been eliminated, with Aric Peters departing on May 1, 2025.

Under the new organizational model, senior sales functions will be managed within individual business units, reporting directly to business unit leaders. The Avcon sales team will report to Marcus Abendroth, President of Avcon. The reorganization aims to drive efficiencies, create stronger alignment with operational goals, and improve management's ability to monitor profitability and margins across business segments.