BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER FISCAL YEAR 2025 FINANCIAL RESULTS
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) ha riportato risultati finanziari forti per il primo trimestre dell'FY2025, conclusosi il 31 luglio 2024. Il fatturato è aumentato del 15% raggiungendo i 19,8 milioni di dollari, con una crescita del 30% nel fatturato dei Prodotti Aerospaziali e un aumento del 2% nei Servizi Professionali. Il reddito operativo è aumentato del 211% raggiungendo i 3,5 milioni di dollari, mentre il reddito netto è triplicato a 2,2 milioni di dollari. Gli utili per azione sono migliorati passando da 0,03 $ a 0,01 $ rispetto all'anno precedente.
Il portafoglio ordini dell'azienda ha raggiunto un massimo storico di 38,2 milioni di dollari. Il segmento dei Prodotti Aerospaziali è diventato redditizio con un reddito operativo di 1,4 milioni di dollari, mentre i Servizi Professionali hanno mantenuto un forte rendimento. Le scommesse sportive hanno contribuito con 1,0 milione di dollari di fatturato trimestrale. Butler National continua a investire nello sviluppo di nuovi prodotti e nelle approvazioni STC per stimolare la crescita futura.
Butler National (OTCQX: BUKS) informó resultados financieros sólidos para el primer trimestre del FY2025 que terminó el 31 de julio de 2024. Los ingresos aumentaron un 15% alcanzando los 19.8 millones de dólares, con un aumento del 30% en los ingresos de Productos Aeroespaciales y un crecimiento del 2% en Servicios Profesionales. Los ingresos operativos se dispararon un 211% alcanzando los 3.5 millones de dólares, mientras que el ingreso neto se triplicó a 2.2 millones de dólares. Las ganancias por acción mejoraron a 0.03 $ desde 0.01 $ en comparación con el año anterior.
El backlog de la empresa alcanzó un máximo histórico de 38.2 millones de dólares. El segmento de Productos Aeroespaciales se volvió rentable con un ingreso operativo de 1.4 millones de dólares, mientras que los Servicios Profesionales mantuvieron un sólido rendimiento. Las apuestas deportivas contribuyeron con 1.0 millón de dólares en ingresos trimestrales. Butler National continúa invirtiendo en el desarrollo de nuevos productos y en aprobaciones STC para impulsar el crecimiento futuro.
버틀러 내셔널 (OTCQX: BUKS)은 2024년 7월 31일 종료된 FY2025 1분기 동안 강력한 재무 성과를 보고했습니다. 수익은 15% 증가하여 1980만 달러에 달했으며, 항공 우주 제품 부문의 수익은 30% 급증하고 전문 서비스 부문은 2% 증가했습니다. 운영 이익은 211% 급증하여 350만 달러에 이르렀고, 순이익은 3배 증가하여 220만 달러가 되었습니다. 주당 순이익은 0.03달러에서 0.01달러로 향상되었습니다.
회사의 수주 잔고는 3820만 달러의 역사적 최고치를 기록했습니다. 항공 우주 제품 부문은 140만 달러의 운영 이익을 기록하며 수익성을 확보했고, 전문 서비스는 강한 성과를 유지했습니다. 스포츠 베팅이 분기 수익으로 100만 달러를 기여했습니다. 버틀러 내셔널은 미래 성장을 추진하기 위해 새로운 제품 개발과 STC 승인을 계속해서 투자하고 있습니다.
Butler National (OTCQX: BUKS) a annoncé de solides résultats financiers pour le premier trimestre de l'exercice 2025, qui s'est terminé le 31 juillet 2024. Le chiffre d'affaires a augmenté de 15% pour atteindre 19,8 millions de dollars, avec des revenus de produits aérospatiaux en hausse de 30% et des revenus de services professionnels en hausse de 2%. Le résultat d'exploitation a grimpé de 211% pour atteindre 3,5 millions de dollars, tandis que le bénéfice net a triplé pour atteindre 2,2 millions de dollars. Le bénéfice par action est passé à 0,03 $ contre 0,01 $ d'une année sur l'autre.
Le carnet de commandes de l'entreprise a atteint un niveau record de 38,2 millions de dollars. Le segment des produits aérospatiaux est devenu rentable avec un revenu opérationnel de 1,4 million de dollars, tandis que les services professionnels ont maintenu une forte performance. Les paris sportifs ont contribué à hauteur de 1,0 million de dollars au chiffre d'affaires trimestriel. Butler National continue d'investir dans le développement de nouveaux produits et dans les approbations STC pour stimuler la croissance future.
Butler National (OTCQX: BUKS) hat für das erste Quartal des Geschäftsjahres 2025, das am 31. Juli 2024 endete, starke finanzielle Ergebnisse gemeldet. Der Umsatz stieg um 15% auf 19,8 Millionen Dollar, wobei die Umsätze im Bereich der Luft- und Raumfahrtprodukte um 30% und im Bereich der professionellen Dienstleistungen um 2% zunahmen. Das Betriebsergebnis erhöhte sich um 211% auf 3,5 Millionen Dollar, während sich der Nettogewinn verdreifachte und 2,2 Millionen Dollar erreichte. Der Gewinn pro Aktie verbesserte sich von 0,03 $ auf 0,01 $ im Jahresvergleich.
Der Auftragsbestand des Unternehmens erreichte ein Rekordhoch von 38,2 Millionen Dollar. Der Bereich der Luft- und Raumfahrtprodukte wurde mit einem Betriebsergebnis von 1,4 Millionen Dollar profitabel, während die Dienstleistungen gute Leistungen weiterhin aufrechterhielten. Sportwetten trugen 1,0 Millionen Dollar zum Quartalsumsatz bei. Butler National investiert weiterhin in die Entwicklung neuer Produkte und in STC-Zulassungen, um künftiges Wachstum voranzutreiben.
- Revenue increased 15% year-over-year to $19.8 million
- Operating income surged 211% to $3.5 million
- Net income tripled to $2.2 million
- Earnings per share improved to $0.03 from $0.01 year-over-year
- Aerospace Products revenue jumped 30%
- Record high backlog of $38.2 million
- Aerospace Products segment turned profitable with $1.4 million operating income
- Sports wagering contributed $1.0 million in quarterly revenue
- Increased wage expenses due to tight labor market
- Longer product schedules due to long lead-time tooling and parts
- Increased raw material costs impacting profitability
- Operating income increased
Historical selected financial data related to all operations: | ||||||||
Quarter Ended July 31, | ||||||||
(In thousands, except per share data) | ||||||||
2024 | 2023 | |||||||
Revenue | $ | 19,828 | $ | 17,185 | ||||
Operating Income | $ | 3,536 | $ | 1,137 | ||||
Net Income | $ | 2,246 | $ | 719 | ||||
Total Assets | $ | 114,649 | $ | 105,000 | ||||
Long-term liabilities | $ | 35,937 | $ | 40,574 | ||||
Stockholders' Equity | $ | 56,292 | $ | 42,216 | ||||
Weighted Average Shares - Diluted | 68,738 | 75,199 | ||||||
Earnings Per Share | $ | 0.03 | $ | 0.01 | ||||
New Product Research and Development Cost | $ | 220 | $ | 205 | ||||
Management Comments
Butler National's fiscal first quarter ended July 31, 2024 continued the positive results and focus on internal growth. Company earnings for the quarter were
First quarter fiscal 2025 net income was
During the three months ended July 31, 2024, we invested approximately
We are pleased with the continued demand for Aerospace Products and the efforts by our team members with achieving the results. The
As the fiscal year continues, we are maintaining new product development efforts and working diligently to expand "kit" availability for certain aircraft modifications. Kits allow customers to complete field installations, a conservation of high-demand company employee resources and saving of transportation of airplanes to
From a backlog perspective, numbers remain robust. The backlog is at a record high of
We invite shareholders to attend the October 30, 2024 annual shareholder meeting.
Business Segment Highlights
Professional Services:
Revenue increased
Aerospace Products:
Revenue increased
Costs related to Professional Services and Aerospace Products include the cost of engineering, labor, materials, equipment utilization, control systems, security and occupancy. Expenses related to Professional Services and Aerospace Products include marketing and advertising, employee benefits, depreciation and amortization, and general, administrative and other expenses.
Backlog:
As of July 31, 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 manufacture, sale and service of electronic equipment and modifications to aircraft structures and electrical systems to support special mission and commercial aviation operations. Additionally, we operate two Federal Aviation Administration ("FAA") Repair Stations. Butler National companies, Avcon Industries, Inc. and Butler Avionics, Inc., concentrate on enhancements to Learjet, Beechcraft King Air, Cessna Caravan, Gulfstream, and other turbine powered 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 | Ph (972) 814-5723 |
david@creativeoptionscommunications.com | |
www.creativeoptionsmarketing.com | |
Butler National Corporation Investor Relations | Ph (913) 780-9595 |
THE WORLDWIDE WEB:
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SOURCE Butler National Corporation
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