BUTLER NATIONAL CORPORATION ANNOUNCES SECOND QUARTER FISCAL YEAR 2025 FINANCIAL RESULTS
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 (BUKS) ha riportato i risultati finanziari per il secondo trimestre dell'anno fiscale 2025, conclusosi il 31 ottobre 2024. I ricavi sono aumentati del 9% a $21,4 milioni, grazie a un incremento del 19% nei ricavi dei prodotti aerospaziali che hanno raggiunto $11,7 milioni, mentre i ricavi dei servizi professionali sono diminuiti dell'1% a $9,7 milioni.
Il reddito operativo è aumentato del 35% a $4,9 milioni, anche se l'utile netto è diminuito a $3,6 milioni ($0,05 per azione) rispetto ai $5,0 milioni ($0,07 per azione) del secondo trimestre del 2024. Gli utili dell'anno precedente includevano un guadagno di $3,7 milioni da una vendita di aerei. L'azienda mantiene un forte portafoglio ordini di $38,1 milioni, con significativi contributi dalle operazioni di Elettronica per Missioni Speciali e dagli sforzi di Modifica degli Aeromobili. Le scommesse sportive hanno generato $1,4 milioni di ricavi nel trimestre.
Butler National (BUKS) informó sobre los resultados financieros para el segundo trimestre del año fiscal 2025, finalizado el 31 de octubre de 2024. Los ingresos aumentaron un 9% a $21.4 millones, impulsados por un aumento del 19% en los ingresos de Productos Aeroespaciales a $11.7 millones, mientras que los ingresos de Servicios Profesionales disminuyeron un 1% a $9.7 millones.
El ingreso operativo creció un 35% a $4.9 millones, aunque la ganancia neta disminuyó a $3.6 millones ($0.05 por acción) en comparación con $5.0 millones ($0.07 por acción) en el segundo trimestre del año fiscal 2024. Las ganancias del año anterior incluían una ganancia de $3.7 millones de la venta de un avión. La compañía mantiene un sólido backlog de $38.1 millones, con contribuciones significativas de las operaciones de Electrónica de Misiones Especiales y de los esfuerzos de Modificación de Aeronaves. Las apuestas deportivas generaron $1.4 millones en ingresos trimestrales.
Butler National (BUKS)는 2024년 10월 31일에 종료된 2025 회계연도 2분기 재무 결과를 보고했습니다. 수익은 $21.4 백만으로 9% 증가했으며, 항공우주 제품 수익이 19% 급증하여 $11.7 백만에 달한 반면, 전문 서비스 수익은 1% 감소하여 $9.7 백만에 이르렀습니다.
영업 이익은 $4.9 백만으로 35% 증가했으나, 순이익은 2분기 FY2024의 $5.0 백만($0.07 주당)과 비교하여 $3.6 백만($0.05 주당)으로 감소했습니다. 전년도 수익에는 항공기 판매로 인한 $3.7 백만의 이익이 포함되어 있었습니다. 회사는 특별 미션 전자 장비 작업 및 항공기 개조 노력에서 상당한 기여를 받으며 $38.1 백만의 강력한 후 주문을 유지하고 있습니다. 스포츠 베팅은 분기 수익으로 $1.4 백만을 생성했습니다.
Butler National (BUKS) a annoncé les résultats financiers pour le deuxième trimestre de l'exercice 2025, se terminant le 31 octobre 2024. Les revenus ont augmenté de 9 % pour atteindre 21,4 millions de dollars, grâce à une hausse de 19 % des revenus des produits aérospatiaux à 11,7 millions de dollars, tandis que les revenus des services professionnels ont diminué de 1 % pour s'établir à 9,7 millions de dollars.
Le revenu d'exploitation a augmenté de 35 % pour atteindre 4,9 millions de dollars, bien que le revenu net ait diminué à 3,6 millions de dollars (0,05 $ par action) par rapport à 5,0 millions de dollars (0,07 $ par action) au deuxième trimestre de l'exercice 2024. Les bénéfices de l'année précédente incluaient un gain de 3,7 millions de dollars provenant de la vente d'un avion. L'entreprise maintient un solide carnet de commandes de 38,1 millions de dollars, avec des contributions importantes des opérations d'électronique pour missions spéciales et des efforts de modification d'avions. Les paris sportifs ont généré 1,4 million de dollars de revenus au trimestre.
Butler National (BUKS) berichtete über die finanziellen Ergebnisse für das 2. Quartal des Geschäftsjahres 2025, das am 31. Oktober 2024 endete. Der Umsatz stieg um 9% auf $21,4 Millionen, angetrieben durch einen Anstieg von 19% bei den Umsätzen mit Luftfahrtprodukten auf $11,7 Millionen, während die Umsätze mit professionellen Dienstleistungen um 1% auf $9,7 Millionen zurückgingen.
Das Betriebsergebnis stieg um 35% auf $4,9 Millionen, während der Nettogewinn auf $3,6 Millionen ($0,05 pro Aktie) im Vergleich zu $5,0 Millionen ($0,07 pro Aktie) im 2. Quartal des Geschäftsjahres 2024 zurückging. Der Gewinn des Vorjahres umfasste einen Gewinn von $3,7 Millionen aus dem Verkauf eines Flugzeugs. Das Unternehmen verfügt über einen starken Auftragsbestand von $38,1 Millionen, mit erheblichen Beiträgen aus den Bereichen Spezialmissionselektronik und Flugzeugsanierungsmaßnahmen. Sportwetten generierten $1,4 Millionen an Quartalsumsätzen.
- Revenue increased 9% YoY to $21.4 million
- Operating income grew 35% to $4.9 million
- Aerospace Products revenue surged 19% to $11.7 million
- Strong backlog of $38.1 million
- Sports wagering contributed $1.4 million in quarterly revenue
- Stockholders' equity increased to $59.1 million from $47.5 million YoY
- Net income decreased to $3.6 million from $5.0 million YoY
- Earnings per share declined to $0.05 from $0.07 YoY
- Professional Services revenue decreased 1% YoY
- Traditional gaming revenue decreased by $280,000
- Operating income increased
Historical selected financial data related to all operations: | ||||||||||||||||
Quarter Ended October 31, | Six Months Ended October 31, | |||||||||||||||
(In thousands, except per | (In thousands) | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
Revenue | $ | 21,360 | $ | 19,602 | $ | 41,189 | $ | 36,786 | ||||||||
Operating Income | $ | 4,854 | $ | 3,598 | $ | 8,390 | $ | 4,735 | ||||||||
Net Income | $ | 3,596 | $ | 4,951 | $ | 5,842 | $ | 5,670 | ||||||||
Total Assets | $ | 114,335 | $ | 111,613 | $ | 114,335 | $ | 111,613 | ||||||||
Long-term liabilities | $ | 34,668 | $ | 39,365 | $ | 34,668 | $ | 39,365 | ||||||||
Stockholders' Equity | $ | 59,057 | $ | 47,492 | $ | 59,057 | $ | 47,492 | ||||||||
Weighted Average Shares - Diluted | 68,027 | 69,502 | 68,383 | 72,005 | ||||||||||||
Earnings Per Share | $ | 0.05 | $ | 0.07 | $ | 0.08 | $ | 0.08 | ||||||||
New Product Research and Development Cost | $ | 501 | $ | 206 | $ | 721 | $ | 411 | ||||||||
Management Comments
Butler National's second fiscal quarter ended October 31, 2024 continued the trend of positive results. Company earnings were
Second quarter fiscal 2025 net income was
During the three months ended October 31, 2024, we invested approximately
The
Company backlog remains robust at
Business Segment Highlights
Professional Services:
Revenue decreased
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 October 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 david@creativeoptionscommunications.com www.creativeoptionsmarketing.com Butler National Corporation Investor Relations | Ph (972) 814-5723
Ph (913) 780-9595 |
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