BUTLER NATIONAL CORPORATION ANNOUNCES FISCAL YEAR END 2025 FINANCIAL RESULTS
Rhea-AI Summary
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.
Positive
- Record operating income of $16.8M, up 27% year-over-year
- Aerospace Products revenue increased 15% to $45.7M
- Improved operating margins in Aerospace segment from 11.4% to 16.8%
- Sports wagering revenue increased to $5.8M from $4.6M
- Backlog grew to $33.6M from $30.3M year-over-year
- Successful completion of complex 'Next Gen' environmental research aircraft project
- Multiple new FAA STC approvals obtained for aircraft modifications
Negative
- 2% increase in gaming revenue share paid to state
- Traditional casino gaming revenue decreased by $1.5M
- Impact of tariffs affecting parts and materials costs
- Decreased patron visits due to local economic challenges
News Market Reaction – BUKS
In the trading session that priced this news, BUKS gained 4.73%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
-Record earnings increasing to
-Record operating income of
Historical selected financial data related to all operations: | ||||
(In thousands except shares and per share data) | Year Ended April 30 | |||
2025 | 2024 | |||
Revenue | $ 83,968 | $ 78,376 | ||
Operating Income | $ 16,827 | $ 13,239 | ||
Net Income | $ 12,551 | $ 12,512 | ||
Total Assets | $ 123,298 | $ 113,975 | ||
Long-term liabilities | $ 33,770 | $ 36,617 | ||
Stockholders' Equity | $ 65,114 | $ 54,441 | ||
Weighted Average Shares - Diluted | 67,835,577 | 70,435,752 | ||
Earnings Per Share | $ 0.19 | $ 0.18 | ||
New Product Research and Development Cost | $ 1,693 | $ 3,069 | ||
Management Comments
Butler National Corporation President and CEO, Christopher J. Reedy, commented on the results stating, "Significant operating and financial improvement was achieved in fiscal 2025 results with record revenue and operating income. Revenue increased
Lead Independent Director Joseph P. Daly added: "Fiscal 2025's performance underscores the steady and strategic leadership guiding Butler National through a transformative period. The collaboration between CEO Chris Reedy and Executive Chairman Jeff Yowell has delivered both stability and forward momentum. Under their guidance, we've strengthened governance, navigated key leadership transitions, and positioned the Company to capitalize on long-term opportunities for growth and shareholder value creation."
The results reflect a
The Avcon Aircraft Modification business delivered some significant development projects in fiscal 2025. Delivery of Avcon's most complex project was a highlight of its year following five intensive years of design and engineering to complete work on a 'Next Gen' environmental research King Air B300 airplane. The Avcon Team also completed a number of new modifications that expand our product offerings including lower fuselage pod configurations, for both the King Air 350 and the Cessna 208B Grand Caravan airplanes, and underwing pods or storage devices for the King Air and Learjet Model 60 airplanes. These modifications, backed by significant engineering, resulted in the issuance of several Federal Aviation Administration ("FAA") Supplemental Type Certificate ("STC") approvals or amendments to STC approvals. The STC approvals provide a baseline for further adaptation and sales that will allow increased margins through our ability to duplicate or make minor deviations to modifications on same models for other airplanes.
During the fiscal year ended April 30, 2025, we invested approximately
Mr. Reedy added: "Our Aircraft Modifications team continues to develop as production capabilities expand at our
Executive Chairman Jeffrey Yowell commented: "Our performance this last year reflects a deliberate shift toward higher-margin product lines and improved operational alignment. We expanded our fabrication capabilities through the new facility in
Business Segment Highlights
Aerospace Products:
Revenue increased
Professional Services:
Revenue from Professional Services decreased less than
Backlog:
As of April 30, 2025 and 2024, our backlog totaled approximately
Our Business:
Butler National Corporation operates in the Aerospace and Professional Services business segments. The Aerospace Products segment includes the design, manufacture, sale and service of structural modifications, design, integration and installation of electronic equipment, systems and technologies that enhance aircraft operations, and the design, manufacture and sale of defense related articles. Additionally, we operate Federal Aviation Administration (the "FAA") Repair Stations. Companies in Aerospace Products concentrate on products and services for Learjet, Textron Beechcraft, King Air, and Textron Cessna turboprop aircraft. Butler National-Tempe designs and manufactures robust electronic controls and cabling. The Professional Services segment includes the management of a gaming and the related dining and entertainment facility in
Forward-Looking Information:
Statements made in this report, other reports and proxy statements filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1A of the Company's Annual Report on Form 10-K, incorporated herein by reference. Risk Factors and elsewhere herein or in other reports filed with the SEC. Other unforeseen factors not identified herein could also have such an effect. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time, except as expressly required by federal securities laws.
FOR MORE INFORMATION, CONTACT: | |
David Drewitz, Public Relations david@creativeoptionscommunications.com www.creativeoptionsmarketing.com | Ph (972) 814-5723 |
Butler National Corporation Investor Relations | Ph (913) 780-9595 |
THE WORLDWIDE WEB:
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SOURCE Butler National Corporation