Butler National Corporation reports developments in aerospace products, aircraft modification and gaming management services. Its Aerospace Products segment designs, manufactures, sells and services structural aircraft modifications, electronic equipment integrations, defense-related articles and FAA Repair Station work for Learjet, Textron Beechcraft, King Air and Textron Cessna turboprop aircraft.
Recurring news includes quarterly financial results, FAA, EASA and CAA Supplemental Type Certificate approvals, Avcon and Butler Avionics special-mission aircraft modifications, non-halon fire extinguisher installations, Cessna Caravan camera and sensor ports, stock repurchases and corporate governance guidelines. The Professional Services segment manages the Boot Hill Casino and Resort gaming, dining, entertainment and sportsbook facility in Dodge City, Kansas.
Butler National (OTCQX: BUKS) authorized a $10 million increase in its existing common stock repurchase program and extended its duration. The increase brings the total available authorization to approximately $11.9 million, with the program extended through April 30, 2029.
The company has repurchased approximately 300,000 shares since April 30, 2026, at an average price of $4.16 per share. It intends to make further purchases through open-market and privately negotiated transactions. Management will determine purchase timing and amounts based on share price, market and economic conditions, and applicable legal requirements.
Butler National Corporation (BUKS) reported sharply higher results for the first quarter of fiscal 2027 ended July 31, 2026. Revenue rose 53% to $30.8 million, operating income increased 59% to $7.4 million, and net income grew 43% to $5.3 million versus the prior-year quarter. Diluted earnings per share increased to $0.08 from $0.06 on a lower diluted share count of 64.0 million.
Aerospace Products revenue increased 92% to $21.7 million, while Professional Services revenue grew 3% to $9.0 million. Aerospace Products operating margin remained about 25%, and segment backlog reached a record $51.1 million. As of July 31, 2026, stockholders’ equity was $86.3 million, up from $82.0 million on April 30, 2026, and long-term liabilities declined to $27.5 million. The company repurchased 246,996 shares during the quarter.
Butler National (OTCQX: BUKS) announced that subsidiary Avcon Industries has delivered its first Avcon-modified mosquito control special mission King Air Model B200 aircraft. The modification, performed for the Lee County Mosquito Control District in Florida, integrates Avcon engineering with existing fluid dispersal technology for large-area mosquito mitigation.
The King Air B200 upgrade includes a removable external under-fuselage pod, an electric pump, aerodynamic fairings and dispersal booms designed for rapid, large-scale airborne liquid dispersal. According to the company, the solution is intended to be repeatable for other operators with similar mosquito-control and airborne dispersal requirements.
Butler National (OTCQX: BUKS) announced that its subsidiary BHCMC, LLC, which manages Boot Hill Casino & Resort, has executed two agreements that extend its existing sports wagering relationships through 2030.
Boot Hill Casino received a three-year extension of its Lottery Sports Wagering Management Contract with the Kansas Lottery, maintaining the original material terms and continuing management of lottery-owned sports wagering at the property through 2030. In connection with this, Boot Hill Casino and DraftKings agreed to amend and extend their online and mobile sports wagering arrangement for ten years, with updated commercial terms reflecting current market conditions. The DraftKings agreement remains subject to Boot Hill Casino’s continuing management authority under the Kansas Lottery agreement.
Butler National (OTCQX:BUKS) reported fiscal 2026 revenue of about $98.0 million, up 17% year over year. Operating income rose to $28.5 million and net income to $21.9 million, with diluted EPS increasing to $0.34 from $0.19.
Aerospace Products revenue grew 33% to $60.6 million, while Professional Services revenue was $37.4 million. Backlog increased to $47.1 million. Stockholders’ equity reached $81.978 million and long‑term liabilities were $28.445 million. The company repurchased about 3.3 million shares in fiscal 2026.
Butler National (OTCQX: BUKS) launched a newly redesigned corporate website on June 25, 2026, aimed at enhancing investor engagement and transparency.
The site features improved navigation, an expanded investor relations section, detailed segment information, and an email subscription service for press releases, SEC filings, and earnings announcements.
Butler National (OTCQX: BUKS) announced a CEO transition and succession plan effective June 15, 2026. CEO Christopher J. Reedy retired from his role for health reasons but will remain on the Board through his current term and advise during the transition.
The Board appointed CFO Adam Sefchick as Interim CEO while he continues as CFO. Executive Chairman Jeff Yowell will oversee the transition, and the Board, led by Lead Independent Director Joe Daly, will immediately begin a search for the next permanent CEO.
Butler National (OTCQX: BUKS) subsidiary Avcon Industries received two FAA Supplemental Type Certificates for Bombardier Challenger 604, 605, and 650 aircraft.
The STCs cover underside rail mounting provisions for mission sensors (STC ST12213CH) and an underside-mounted radome (STC ST12278CH), expanding Avcon’s special mission platform portfolio.
Avcon Industries (OTCQX: BUKS) received FAA Supplemental Type Certificate No. SA01975WI on March 30, 2026, approving a single camera/sensor port installation for Cessna Model 208 aircraft.
This STC expands Avcon's Caravan special-mission offerings alongside existing approvals for dual camera ports, a lower-fuselage radar pod and a retractable sensor lift; the company plans a 208B single-port option soon.
Butler National Corporation (OTCQX: BUKS) reported Q3 FY2026 results for the quarter ended January 31, 2026. Revenue rose 27% to $26.9M, operating income increased 129% to $9.2M, and net income grew 98% to $6.7M; EPS was $0.10.
The Aerospace Products segment led growth with $17.1M (up 50%). The company repurchased 222,168 shares, invested ~$1.6M in product development, and reported a backlog of approximately $37.0M.