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Butler National Corporation (BUKS) delivers specialized aerospace solutions and gaming management services through two distinct operational segments. This news hub provides investors and industry professionals with timely updates on aircraft modification advancements, FAA certification milestones, and gaming facility developments.
Access authoritative updates spanning MRO service expansions, new STC approvals for Learjet and Gulfstream platforms, and strategic initiatives in casino operations. Our curated collection ensures transparent tracking of operational achievements, partnership announcements, and technology deployments across both aerospace and professional services divisions.
All content undergoes rigorous verification to maintain compliance with financial reporting standards. Regular updates include earnings disclosures, leadership updates, and progress reports on long-cycle engineering projects. Bookmark this page for efficient monitoring of BUKS's dual-market positioning and industry-specific developments.
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.
Butler National (OTCQX: BUKS) has appointed Julie M. Bowen to its Board of Directors, strengthening its corporate governance structure. Bowen, currently Chief Financial Officer of Legacy Infrastructure Group since 2022, joins as an Independent Director and Audit Committee Financial Expert.
A certified public accountant with experience at KPMG, LLP, Bowen brings expertise in accounting operations, strategic planning, finance, mergers and acquisitions, and stakeholder relations. Her appointment is subject to Kansas Racing and Gaming Commission background investigation approval.
Bowen holds a B.S. in Business Administration and Accounting and a Master of Accountancy from Kansas State University. The appointment reflects Butler National's commitment to enhancing board expertise in financial oversight and corporate governance.
Butler National (BUKS) reported strong financial results for Q3 FY2025 ended January 31, 2025. Revenue increased 12% to $21.2 million compared to $19.0 million in Q3 FY2024. The company achieved net income of $3.4 million, up from $2.4 million year-over-year, with earnings of $0.05 per share.
The Aerospace Products segment saw a 25% revenue increase to $11.4 million, driven by Aircraft Modification business growth. The Professional Services segment experienced a slight 1% decrease to $9.8 million, with sports wagering gains partially offsetting traditional gaming declines.
Notable developments include a $1.04 million gain from selling the legacy JET autopilot repair business and $864,000 investment in new FAA STC approvals. The company maintains a strong backlog of $35.2 million, despite challenges from holiday closures and severe winter weather in Kansas.
Butler National (OTCQX: BUKS) has appointed Jeff Yowell to the newly created position of Executive Chairman. Yowell, who joined the Board of Directors nearly a year ago, will work closely with President and CEO Chris Reedy to guide the company's strategic vision and growth. Joseph P. Daly has been appointed as Lead Independent Director.
Yowell brings significant experience, operating JDY Inc., a C-Suite consulting business, and owning Getter Farms, He has served on the Board of Trustees for the Trust of Buffalo Funds since 2015 and as Board Chairman since 2018. Previously, he was President and CEO of DataCore Marketing, from 1992 to 2012.
The appointment aims to support CEO Chris Reedy in evolving Board engagement and operational support while enhancing various aspects of the business to improve shareholder value.
Butler National (BUKS) reported financial results for Q2 FY2025 ended October 31, 2024. Revenue increased 9% to $21.4 million, driven by a 19% surge in Aerospace Products revenue to $11.7 million, while Professional Services revenue decreased 1% to $9.7 million.
Operating income rose 35% to $4.9 million, though net income decreased to $3.6 million ($0.05 per share) compared to $5.0 million ($0.07 per share) in Q2 FY2024. The previous year's earnings included a $3.7 million gain from an airplane sale. The company maintains a strong backlog of $38.1 million, with significant contributions from Special Mission Electronics operations and Aircraft Modification efforts. Sports wagering generated $1.4 million in quarterly revenue.
Butler National (OTCQX: BUKS) reported strong financial results for Q1 FY2025 ended July 31, 2024. Revenue increased 15% to $19.8 million, with Aerospace Products revenue jumping 30% and Professional Services revenue up 2%. Operating income surged 211% to $3.5 million, while net income tripled to $2.2 million. Earnings per share improved to $0.03 from $0.01 year-over-year.
The company's backlog reached a record high of $38.2 million. Aerospace Products segment turned profitable with $1.4 million operating income, while Professional Services maintained strong performance. Sports wagering contributed $1.0 million in quarterly revenue. Butler National continues to invest in new product development and STC approvals to drive future growth.
Butler National (OTCQX: BUKS) has received FAA Supplemental Type Certificate (STC) approval for installing the Garmin G700TXi Flight Display System in Learjet Model 35/35A(C-21A)/36/36A airplanes with FC-530 or 535 autopilots. This 'Glass Cockpit' upgrade replaces traditional flight instruments, enhancing situational awareness and operations.
Christopher Reedy, President and CEO, highlighted the system's benefits, including improved pilot interface and decreased avionics workload. Carl Wolf of Garmin expressed excitement about the G700TXi's availability for Learjet Model 35/36 series. Butler National plans to make the STC package available to Garmin Dealers worldwide for field installation and is working on applying the G700TXi to Learjet models with FC-200 autopilots.
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