BUTLER NATIONAL CORPORATION ANNOUNCES FISCAL YEAR END 2026 FINANCIAL RESULTS
Rhea-AI Summary
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.
Positive
- Revenue increased 17% to about $98.0 million year over year
- Operating income grew 69% to $28.5 million
- Net income rose 75% to $21.9 million; EPS up to $0.34
- Aerospace Products segment revenue up 33% to $60.6 million
- Backlog expanded to $47.1 million from $33.6 million
- Stockholders’ equity increased 26% in fiscal 2026
Negative
- Professional Services segment revenue declined to $37.4 million from $38.3 million
- Traditional casino gaming revenue fell 5% to $26.7 million
News Market Reaction – BUKS
In the Jul 8 session, BUKS gained 2.41%, 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.
- Revenue increased
17% to$98.0 million - Operating income increased
69% to$28.5 million - Net income increased
75% to$21.9 million - Earnings per share increased to
$0.34 $0.19
Historical selected financial data related to all operations: | |||||||||
(In thousands, except shares and per share data) | |||||||||
Year Ended April 30 | |||||||||
2026 | 2025 | ||||||||
Revenue | $ 97,967 | $ 83,968 | |||||||
Operating Income | $ 28,453 | $ 16,827 | |||||||
Net Income | $ 21,933 | $ 12,551 | |||||||
Weighted Average Shares – Diluted | 64,965,512 | 67,835,577 | |||||||
Earnings Per Share | $ 0.34 | $ 0.19 | |||||||
Selected Balance Sheet data | |||||||||
(In thousands) | As of | ||||||||
April 30, 2026 | |||||||||
Total Assets | $ 141,842 | ||||||||
Long-term liabilities | $ 28,445 | ||||||||
Stockholders' Equity | $ 81,978 | ||||||||
Management Comments
Butler National Corporation interim CEO, Adam Sefchick, commented on the results stating, "Butler National delivered record operating income and record earnings per share during fiscal 2026. These results reflect the dedication of our employees, the continued execution of our strategic initiatives, and our focus on operational efficiency across the organization. Revenue increased
The Company also continued its long-standing commitment to shareholder-friendly capital allocation through ongoing share repurchases and the avoidance of shareholder dilution. Earnings per share increased to
Within our Aerospace Products segment, strong performance from both Avcon Aircraft Modifications and Butler National-Tempe contributed significantly to our results driving backlog growth to a record
Margin improvements continued through the sale of Avcon aircraft modification kits for customer installation. These kits included the Cessna Caravan camera port modification, as well as the Avcon rails and Special Mission Pod for the King Air.
These results reflect the continued execution of strategic initiatives implemented over the last several years, including investments in new product development, manufacturing capabilities, and operational efficiency. We remain focused on customer satisfaction, operational excellence, and disciplined growth."
Executive Chairman Jeffrey Yowell commented: "Fiscal 2026 was a record year for Butler National, and those results are a direct reflection of the dedication, talent, and hard work of our employees across the organization. On behalf of the Board of Directors, I want to thank our employees for their commitment to serving our customers, supporting one another, and executing at a high level every day. The Board remains focused on maintaining stability, supporting continued operational execution, and advancing initiatives that create long-term shareholder value.
As Butler National enters its next chapter of leadership and growth, our Board and management team remain focused on executing the Company's strategic and operational priorities. While the Board conducts its search for a permanent Chief Executive Officer, we are confident in the current leadership team and our ability to continue delivering for customers, employees, and shareholders. Our performance this past year reflects a continued focus on higher-margin product sales, improved operating efficiencies, and disciplined execution. We remain committed to expanding our workforce, increasing production capacity, and building upon the strong foundation that has been established across Butler National."
During fiscal 2026, the Company invested approximately
Stockholders' equity increased
Business Segment Highlights
Aerospace Products:
Revenue from the Aerospace Products segment increased
Butler National-Tempe continued to experience strong demand for its legacy electronic control systems as well as deliveries of M134 minigun gun control units. The increase in revenue with respect to Special Mission Electronics is related to efficiencies in production, including pre-building components for shipment upon receipt of orders, increased inventory to minimize risk of production delay, and receipt of additional orders.
Professional Services:
Revenue from the Professional Services segment was
Traditional casino gaming revenue decreased to
Backlog:
As of April 30, 2026 and 2025, our backlog totaled approximately
Conference Call:
What: Butler National Corporation Fiscal 2026 Financial Results Conference Call
When: Wednesday, July 8 2026 - 10:00 AM Central Time
How: Live via phone by dialing: 800 325 1307 - Toll-Free
858 244 1252 - Toll (international)
Passcode: 565658
Participants to the conference call should call in at least 5 minutes prior to the start time. An audio recording of the conference call will be made available on the Butler National Corporation website Investor Page (https://butlernational.com/investing/) following the call until August 8, 2026. Shareholders are encouraged to submit questions in advance through the Company's investor relations website.
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 FAA Repair Stations. Companies in Aerospace Products concentrate on products and services for Learjet, Challenger, Textron Beechcraft King Air, and Cessna turboprop aircraft. Butler National-Tempe designs and manufactures robust electronic controls and cabling. The Professional Services segment includes the management of a gaming, dining and entertainment facility in
Forward-Looking Information:
Statements made in this press release, reports and proxy statements filed with the Securities and Exchange Commission (the "SEC"), communications to stockholders, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company's or management's intentions, plans, 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 may often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intend," "continue," "believe," "may," "expect," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. However, the absence of these words does not mean that a statement is not forward-looking. 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, many of which are outside of our control, include, but are not limited to: (i) customer concentration risk; (ii) dependence on government spending; (iii) government shutdown; (iv) industry specific business cycles; (v) regulatory hurdles in the launch of new products; (vi) loss of key personnel, including executive officers; (vii) the geographic location of our casino; (viii) fixed-price contracts; (ix) international sales; (x) changing U.S. trade policy and impacts of tariffs; (xi) need to acquire hangar space for substantial growth; (xii) future acquisitions; (xiii) supply chain and labor issues; (xiv) customer demand; (xv) insurance costs and insufficient insurance for aircraft modifications; (xvi) cyber security threats; (xvii) fraud, theft and cheating at our casino; (xviii) dependence on third-party platforms to offer sports wagering; (xix) outside factors influence the profitability of sports wagering and legacy gaming; (xx) change of control restrictions; (xxi) significant and expensive governmental regulation across our industries; (xxii) U.S. Government action with respect to contracts; (xxiii) failure by the Company or its stockholders to maintain applicable gaming licenses; (xxiv) evolving political and legislative initiatives in gaming; (xxv) extensive and increasing taxation of gaming revenues; (xxvi) changes in regulations of financial reporting; (xxvii) the availability of financing; (xxviii) potential impairment losses; (xxix) marketability restrictions of our common stock; (xxx) the possibility of a reverse-stock split; (xxxi) market competition by larger competitors; (xxxii) acts of terrorism and war; (xxxiii) climate change, inclement weather and natural disasters; (xxxiv) rising inflation; (xxxv) failure of risk management; (xxxvi) effectiveness of internal controls; and (xxxvii) other factors discussed in Item 1A of the Company's Annual Report on Form 10-K and other filings the Company makes with the SEC from time to time.
The forward-looking statements contained herein speak only as of the date of this press release. 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.creativeoptionscommunications.com | Ph (972) 814-5723 |
Butler National Corporation Investor Relations | Ph (913) 780-9595 |
THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
View original content to download multimedia:https://www.prnewswire.com/news-releases/butler-national-corporation-announces-fiscal-year-end-2026-financial-results-302820119.html
SOURCE Butler National Corporation