BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS
Rhea-AI Summary
Butler National Corporation (OTCQX: BUKS) reported Q3 FY2026 results for the quarter ended January 31, 2026. Revenue rose 27% to $26.9M, operating income increased 129% to $9.2M, and net income grew 98% to $6.7M; EPS was $0.10.
The Aerospace Products segment led growth with $17.1M (up 50%). The company repurchased 222,168 shares, invested ~$1.6M in product development, and reported a backlog of approximately $37.0M.
Positive
- Revenue +27% to $26.9 million in Q3 FY2026
- Operating income +129% to $9.2 million in Q3 FY2026
- Aerospace Products revenue +50% to $17.1 million in Q3 FY2026
- Share repurchase of 222,168 shares during Q3 FY2026
Negative
- Traditional casino gaming revenue -5% year-over-year in Q3 FY2026
- Backlog uncertainty: $37.0 million backlog may not be completed or commence
News Market Reaction – BUKS
In the Mar 12 session, BUKS gained 13.85%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Revenue increased
27% to$26.9 million - Operating income increased
129% to$9.2 million - Net income increased
98% to$6.7 million - Earnings per share increased to
$0.10 $0.05
Historical selected financial data related to all operations: | |||||||||||||||||||
(In thousands, except shares and per share data) | Quarter Ended January 31 | Nine Months Ended January 31 | |||||||||||||||||
2026 | 2025 | 2026 | 2025 | ||||||||||||||||
Revenue | $ 26,913 | $ 21,174 | $ 70,289 | $ 62,363 | |||||||||||||||
Operating Income | $ 9,238 | $ 4,026 | $ 20,982 | $ 12,416 | |||||||||||||||
Net Income | $ 6,699 | $ 3,378 | $ 16,378 | $ 9,220 | |||||||||||||||
Weighted Average Shares – Diluted | 64,231,747 | 66,960,627 | 65,253,135 | 67,861,002 | |||||||||||||||
Earnings Per Share | $ 0.10 | $ 0.05 | $ 0.25 | $ 0.14 | |||||||||||||||
Selected Balance Sheet data | |||||||||||||||||||
(In thousands) | As of January 31, 2026 | As of April 30, 2025 | |||||||||||||||||
Total Assets | $ 140,984 | $ 123,298 | |||||||||||||||||
Long-term liabilities | $ 29,434 | $ 33,770 | |||||||||||||||||
Stockholders' Equity | $ 76,344 | $ 65,114 | |||||||||||||||||
Management Comments
Christopher Reedy, President and CEO of Butler National Corporation, commented: "Our third quarter results reflect continued strong performance across our Aerospace Products segment, particularly in aircraft modifications and special mission electronics. The operational improvements we have implemented over the past several years and repetitive product sales are translating into meaningful margin expansion and improved profitability. We are also continuing to invest in new FAA Supplemental Type Certificates (STC) and product development initiatives that we believe will support long-term revenue growth."
The third quarter of fiscal year 2026 continued the Company's strong financial trajectory, setting new records for both quarterly and year-to-date revenue and operating income. Revenue increased
These results reflect continued productivity improvements across the organization, including fabrication efficiencies, expanded installation capacity, and a more diversified product sales mix. Aerospace Products segment growth was the primary driver of the quarter's performance, along with continued contributions from sports wagering within the Professional Services segment.
During the first nine months of fiscal 2026, the Company invested approximately
We repurchased 222,168 shares of our outstanding common stock during the third quarter as part of our ongoing capital allocation strategy.
Business Segment Highlights
Aerospace Products:
Revenue from the Aerospace Products segment increased
Butler National-Tempe continued to experience strong demand for its legacy electronic control systems as well as deliveries of M134 minigun gun control units. In addition, the Company's aircraft avionics business achieved gains during the quarter due to fire extinguisher system sales and long-term ongoing avionics modification work.
Professional Services:
Revenue from the Professional Services segment was
Traditional casino gaming revenue decreased to
Backlog:
As of January 31, 2026 and 2025, our backlog totaled approximately
Conference Call:
What: Butler National Corporation Third Quarter Fiscal 2026 Financial Results Conference Call
When: Friday, March 13, 2026 - 10:00 AM Central Time
How: Live via phone by dialing: 800 325 1307 - Toll-Free
858 244 1252 - Toll (international)
Passcode: 565658
Participants to the conference call should call in at least 5 minutes prior to the start time. An audio recording of the conference call will be made available on the Butler National Corporation website Investor Page (https://butlernational.com/investing/) following the call until April 13, 2026. Management will select questions to address that are submitted in advance via the Company's investor relation website.
Our Business:
Butler National Corporation operates in the Aerospace and Professional Services business segments. The Aerospace Products segment includes the design, manufacture, sale and service of structural modifications, design, integration and installation of electronic equipment, systems and technologies that enhance aircraft operations, and the design, manufacture and sale of defense related articles. Additionally, we operate FAA Repair Stations. Companies in Aerospace Products concentrate on products and services for Learjet, Textron Beechcraft, King Air, and Textron Cessna turboprop aircraft. Butler National-Tempe designs and manufactures robust electronic controls and cabling. The Professional Services segment includes the management of a gaming, 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. 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 | Ph (972) 814-5723 | |||||
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