BUTLER NATIONAL CORPORATION ANNOUNCES FISCAL YEAR END 2024 FINANCIAL RESULTS
Butler National (OTCQX: BUKS) reported record financial results for fiscal year 2024 ended April 30. Key highlights include:
- Revenue increased 4% to $78.4 million
- Net income surged to $12.5 million, up from $4.5 million in FY2023
- Diluted earnings per share rose to $0.18, compared to $0.06 in FY2023
- Aerospace Products revenue grew 7% to $39.7 million
- Professional Services revenue increased 2% to $38.6 million
The company attributed the growth to targeted marketing of new FAA STC approved modifications, special mission products, and sports wagering. Butler National invested $3.1 million in new product development and is focusing on training new talent to enhance production efficiencies.
Butler National (OTCQX: BUKS) ha riportato risultati finanziari record per l'anno fiscale 2024 terminato il 30 aprile. I punti salienti includono:
- I ricavi sono aumentati del 4% a 78,4 milioni di dollari
- L'utile netto è balzato a 12,5 milioni di dollari, rispetto ai 4,5 milioni di dollari del FY2023
- L'utile per azione diluito è salito a 0,18 dollari, rispetto a 0,06 dollari del FY2023
- I ricavi dei Prodotti Aerospaziali sono cresciuti del 7% a 39,7 milioni di dollari
- I ricavi dei Servizi Professionali sono aumentati del 2% a 38,6 milioni di dollari
La società ha attribuito la crescita al marketing mirato di nuove modifiche approvate dalla FAA STC, prodotti per missioni speciali e scommesse sportive. Butler National ha investito 3,1 milioni di dollari nello sviluppo di nuovi prodotti e si sta concentrando sulla formazione di nuovi talenti per migliorare l'efficienza produttiva.
Butler National (OTCQX: BUKS) informó resultados financieros récord para el año fiscal 2024 finalizado el 30 de abril. Los aspectos más destacados incluyen:
- Los ingresos aumentaron un 4% a 78,4 millones de dólares
- La utilidad neta se disparó a 12,5 millones de dólares, frente a los 4,5 millones de dólares en FY2023
- La ganancia por acción diluida aumentó a 0,18 dólares, en comparación con 0,06 dólares en FY2023
- Los ingresos de Productos Aeroespaciales crecieron un 7% a 39,7 millones de dólares
- Los ingresos de Servicios Profesionales aumentaron un 2% a 38,6 millones de dólares
La compañía atribuyó el crecimiento al marketing dirigido de nuevas modificaciones aprobadas por la FAA STC, productos para misiones especiales y apuestas deportivas. Butler National invirtió 3,1 millones de dólares en el desarrollo de nuevos productos y se está enfocando en capacitar a nuevos talentos para mejorar la eficiencia de producción.
버틀러 내셔널 (OTCQX: BUKS)이 4월 30일 종료된 2024 회계연도에 대한 기록적인 재무 결과를 발표했습니다. 주요 내용은 다음과 같습니다:
- 수익이 4% 증가하여 7840만 달러에 달함
- 순이익이 450만 달러에서 1250만 달러로 급증함
- 희석 주당 순이익이 FY2023의 0.06달러에 비해 0.18달러로 상승함
- 항공우주 제품 수익이 7% 증가하여 3970만 달러에 달함
- 전문 서비스 수익이 2% 증가하여 3860만 달러에 달함
회사는 FAA STC 승인 새로운 수정, 특수 임무 제품, 스포츠 베팅의 목표 마케팅에 힘입어 성장을 이루었다고 설명했습니다. 버틀러 내셔널은 신규 제품 개발에 310만 달러를 투자했으며 생산 효율성을 향상시키기 위해 새로운 인재 교육에 집중하고 있습니다.
Butler National (OTCQX: BUKS) a annoncé des résultats financiers records pour l'exercice fiscal 2024 se terminant le 30 avril. Les points clés comprennent :
- Les revenus ont augmenté de 4 % pour atteindre 78,4 millions de dollars
- Le bénéfice net a grimpé à 12,5 millions de dollars, contre 4,5 millions de dollars en FY2023
- Le bénéfice net par action dilué a augmenté à 0,18 dollar, contre 0,06 dollar en FY2023
- Les revenus des Produits Aérospatiaux ont progressé de 7 % pour atteindre 39,7 millions de dollars
- Les revenus des Services Professionnels ont augmenté de 2 % pour atteindre 38,6 millions de dollars
L'entreprise a attribué cette croissance à un marketing ciblé des nouvelles modifications approuvées par la FAA STC, des produits pour missions spéciales et des paris sportifs. Butler National a investi 3,1 millions de dollars dans le développement de nouveaux produits et se concentre sur la formation de nouveaux talents pour améliorer l'efficacité de la production.
Butler National (OTCQX: BUKS) hat Rekordergebnisse für das Geschäftsjahr 2024, das am 30. April endete, gemeldet. Die wichtigsten Punkte sind:
- Der Umsatz stieg um 4 % auf 78,4 Millionen Dollar
- Der Nettogewinn schoss auf 12,5 Millionen Dollar in die Höhe, gegenüber 4,5 Millionen Dollar im Geschäftsjahr 2023
- Der verwässerte Gewinn pro Aktie stieg auf 0,18 Dollar, verglichen mit 0,06 Dollar im Geschäftsjahr 2023
- Der Umsatz der Luft- und Raumfahrtprodukte wuchs um 7 % auf 39,7 Millionen Dollar
- Der Umsatz der professionellen Dienstleistungen stieg um 2 % auf 38,6 Millionen Dollar
Das Unternehmen führte das Wachstum auf gezieltes Marketing neuer, von der FAA genehmigter Modifikationen, spezieller Missionsprodukte und Sportwetten zurück. Butler National investierte 3,1 Millionen Dollar in die Entwicklung neuer Produkte und konzentriert sich darauf, neue Talente zu schulen, um die Produktionseffizienz zu steigern.
- Record revenue of $78.4 million, a 4% increase from previous year
- Net income significantly increased to $12.5 million from $4.5 million in FY2023
- Diluted earnings per share tripled to $0.18 from $0.06 in FY2023
- Aerospace Products revenue grew 7% to $39.7 million
- Professional Services revenue increased 2% to $38.6 million
- Operating margin improved to 17% from 12% in FY2023
- Sports wagering platform revenue increased to $4.6 million from $2.7 million in FY2023
- Backlog of $30.3 million as of April 30, 2024
- Traditional casino gaming revenue decreased by $1.2 million due to decreased patron visits
- Aerospace Products costs increased 11% to $28.7 million
- Long-term obligations remain high at $36.6 million, despite a decrease from $41.7 million in FY2023
- Record
Historical selected financial data related to all operations: | ||||||||
Year Ended April 30 | ||||||||
(In thousands except per share data) | ||||||||
2024 | 2023 | |||||||
Revenue | $ | 78,376 | $ | 75,182 | ||||
Operating Income | 13,239 | 8,654 | ||||||
Net Income | 12,512 | 4,516 | ||||||
Total Assets | 113,975 | 113,906 | ||||||
Long-term Obligations | 36,617 | 41,748 | ||||||
Stockholders' Equity | 54,441 | 46,781 | ||||||
Weighted Average Shares - Diluted | 70,436 | 76,457 | ||||||
Diluted Earnings Per Share | 0.18 | 0.06 | ||||||
New Product Research and Development Cost | 3,069 | 3,034 |
Management Comments
Butler National Corporation President and CEO, Christopher J. Reedy, commented on the results stating, "We are pleased to report that fiscal year 2024 closed with record revenue and net income. Revenue increased
"The revenue reflects a
"During the fiscal year ended April 30, 2024, we invested approximately
"The Butler team continues to focus on training new talent to enhance production efficiencies while maintaining schedules and growing net income. Training ranges from on-the-job development of aircraft modifications skills, both for technicians and engineers, to specialized cable manufacturing in Tempe. Our objective is to grow production capacity and minimize the loss of productivity. The modification activity at the
Business Segment Highlights
Aerospace Products:
Revenue increased
Professional Services:
Revenue from Professional Services 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, labor, employee benefits, depreciation and amortization, and general, administrative and other expenses.
Backlog:
As of April 30, 2024, our backlog totaled approximately
Our Business:
Butler National Corporation operates in the Aerospace and Professional Services business segments. The Aerospace Products segment involves system design, engineering, manufacturing, integration, installation, repairing, overhauling, servicing and distribution of aerostructures, avionics, aircraft components, accessories, subassemblies and systems ("Aerospace Products"). Additionally, we also operate Federal Aviation Administration (the "FAA") Repair Stations. We serve a broad, worldwide spectrum of the aviation industry, including owners and contractors of private and commercial businesses, and governmental aircraft and suppliers to the government. Professional Services include casino management services and administrative management services.
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:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
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SOURCE Butler National Corporation
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