Butler National Corporation reported FY2026 revenue of $97.967 million, versus $83.968 million in FY2025, and net income of $21.933 million, versus $12.551 million. FY2026 earnings per share were $0.34; operating income was $28.453 million, compared with $16.827 million in FY2025.
Avcon revenue was $37.195 million in FY2026 versus $29.587 million, and Special Mission Electronics revenue was $19.219 million versus $12.737 million. The company listed backlog of $51,134,277 as of July 31, 2026, and a $4.8 million reduction in gaming long-term debt during FY2026.
Butler National reports approximately 3.6 million shares repurchased through private transactions since April 30, 2025, at a cost of $6.5 million; $5 million is authorized under the current buyback plan, with $2.1 million remaining available. The Board has begun a permanent CEO search with an external recruiting firm, while Adam Sefchick continues as interim chief executive officer. FY2027 priorities include aircraft-modification growth, fabrication, casino enhancements and an ERP upgrade.
BUTLER NATIONAL CORP (BUKS) director and ten percent owner Joseph Patrick Daly reported multiple common stock acquisitions. On September 22, 2026 he purchased 1,303 shares at $4.19 per share and 5,000 shares at $4.01 per share in open-market or private transactions. On September 21, 2026 he also acquired 3,197 shares as a grant or award at $3.91 per share. As of September 21, 2026, 4,360,000 shares were reported as held indirectly through EssigPR Inc., and no Rule 10b5-1 trading plan is reported.
BUTLER NATIONAL CORP (BUKS) director Michael Anthony Loh reported a grant or award acquisition of 3,197 shares of Butler National Common Stock on September 21, 2026, at $3.91 per share. After this award, he directly holds 157,326 shares of the company’s common stock, and no Rule 10b5-1 plan is reported.
BUTLER NATIONAL CORP (symbol: BUKS) is the issuer of record for a Form 4 filing submitted to the SEC. Yowell Jeffrey David reported acquisition or exercise transactions in this Form 4 filing.
BUTLER NATIONAL CORP (BUKS) reported that director Jeffrey David Yowell received a grant of 3,197 shares of Butler National Common Stock on September 21, 2026 as a Director Fee. The award is recorded at $3.91 per share, bringing his directly held stake to 87,818 shares. No Rule 10b5-1 trading plan is reported for this transaction.
BUTLER NATIONAL CORP (BUKS) reported that director Julie Marie Bowen received a grant or award of 3,197 shares of Butler National common stock on September 21, 2026 at a reference value of $3.91 per share.
After this acquisition, she holds 29,932 shares of Butler National common stock directly, and no Rule 10b5-1 trading plan is reported for this transaction.
BUTLER NATIONAL CORP (BUKS) director and ten percent owner Joseph Patrick Daly reported buying additional common stock. On September 21, 2026, he purchased 4,000 shares of common stock in an open market or private transaction at $4.10 per share, held directly.
After this purchase, Daly directly held 4,540,500 common shares and also had an indirect position of 4,360,000 common shares held through EssigPR Inc. No Rule 10b5-1 trading plan is reported.
BUTLER NATIONAL CORP (BUKS) director and ten percent owner Joseph Patrick Daly reported buying a total of 1,500 shares of common stock on September 15, 2026 in three open-market or private transactions at prices between $3.90 and $4.04 per share. A separate holding entry lists 4,360,000 shares held indirectly through EssigPR Inc. No Rule 10b5-1 plan is reported.
BUTLER NATIONAL CORP (BUKS) director Michael Anthony Loh purchased 10,000 shares of Butler National common stock in an open-market or private transaction on September 15, 2026 at $3.91 per share. Following this purchase, he directly holds a total of 154,129 shares, and no Rule 10b5-1 trading plan is reported.
BUTLER NATIONAL CORP (BUKS) had Veradace Partners LP, a ten percent owner, report open‑market purchases of its securities. On September 14, 2026 the fund bought 40,000 shares at $4.09 per share and on September 15, 2026 bought 15,000 shares at $3.91 per share. No Rule 10b5‑1 trading plan is reported.
Butler National Corporation (BUKS) reported a very strong first quarter of fiscal 2027 for the three months ended July 31, 2026, with broad-based growth led by its Aerospace Products segment. Revenue rose 53% to $30.8 million from $20.1 million, operating income increased 59% to $7.4 million, and net income grew 43% to $5.3 million. Diluted earnings per share more than doubled to $0.10 from $0.05, and basic EPS increased to $0.08 from $0.06, reflecting improved profitability and a slightly lower diluted share count.
Aerospace Products revenue increased 92% to $21.7 million, driven by higher aircraft modification activity, stronger Special Mission Electronics sales, and record Aerospace backlog of $51.1 million. Professional Services revenue grew modestly to $9.0 million as higher traditional casino gaming revenue offset lower sports wagering revenue. Operating margin improved to 24% from 23%.
On the balance sheet, stockholders’ equity increased to $86.3 million from $82.0 million as of April 30, 2026, while long-term liabilities declined to $27.5 million. The company repurchased 246,996 shares during the quarter as part of its capital allocation strategy.