BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER FISCAL YEAR 2025 FINANCIAL RESULTS
Butler National (BUKS) reported strong financial results for Q3 FY2025 ended January 31, 2025. Revenue increased 12% to $21.2 million compared to $19.0 million in Q3 FY2024. The company achieved net income of $3.4 million, up from $2.4 million year-over-year, with earnings of $0.05 per share.
The Aerospace Products segment saw a 25% revenue increase to $11.4 million, driven by Aircraft Modification business growth. The Professional Services segment experienced a slight 1% decrease to $9.8 million, with sports wagering gains partially offsetting traditional gaming declines.
Notable developments include a $1.04 million gain from selling the legacy JET autopilot repair business and $864,000 investment in new FAA STC approvals. The company maintains a strong backlog of $35.2 million, despite challenges from holiday closures and severe winter weather in Kansas.
Butler National (BUKS) ha riportato risultati finanziari solidi per il terzo trimestre dell'anno fiscale 2025, conclusosi il 31 gennaio 2025. I ricavi sono aumentati del 12%, raggiungendo i 21,2 milioni di dollari rispetto ai 19,0 milioni di dollari del terzo trimestre dell'anno fiscale 2024. L'azienda ha registrato un utile netto di 3,4 milioni di dollari, in aumento rispetto ai 2,4 milioni di dollari dell'anno precedente, con guadagni di 0,05 dollari per azione.
Il segmento Prodotti Aerospaziali ha visto un aumento del 25% dei ricavi, raggiungendo gli 11,4 milioni di dollari, grazie alla crescita del business di Modifica degli Aeromobili. Il segmento Servizi Professionali ha registrato una leggera diminuzione dell'1%, scendendo a 9,8 milioni di dollari, con i guadagni delle scommesse sportive che hanno parzialmente compensato i cali del gioco tradizionale.
Sviluppi notevoli includono un guadagno di 1,04 milioni di dollari dalla vendita del business di riparazione del pilota automatico JET e un investimento di 864.000 dollari in nuove approvazioni FAA STC. L'azienda mantiene un forte portafoglio ordini di 35,2 milioni di dollari, nonostante le sfide derivanti dalla chiusura per le festività e dalle severe condizioni invernali nel Kansas.
Butler National (BUKS) reportó resultados financieros sólidos para el tercer trimestre del año fiscal 2025, que finalizó el 31 de enero de 2025. Los ingresos aumentaron un 12%, alcanzando los 21,2 millones de dólares en comparación con los 19,0 millones de dólares en el tercer trimestre del año fiscal 2024. La compañía logró un ingreso neto de 3,4 millones de dólares, en comparación con 2,4 millones de dólares del año anterior, con ganancias de 0,05 dólares por acción.
El segmento de Productos Aeroespaciales vio un aumento del 25% en los ingresos, alcanzando los 11,4 millones de dólares, impulsado por el crecimiento del negocio de Modificación de Aeronaves. El segmento de Servicios Profesionales experimentó una ligera disminución del 1%, bajando a 9,8 millones de dólares, con las ganancias de las apuestas deportivas compensando parcialmente las caídas en el juego tradicional.
Desarrollos notables incluyen una ganancia de 1,04 millones de dólares por la venta del negocio de reparación de piloto automático JET y una inversión de 864.000 dólares en nuevas aprobaciones de FAA STC. La compañía mantiene un sólido backlog de 35,2 millones de dólares, a pesar de los desafíos por el cierre durante las festividades y el severo clima invernal en Kansas.
버틀러 내셔널 (BUKS)은 2025 회계연도 3분기(2025년 1월 31일 종료) 동안 강력한 재무 결과를 보고했습니다. 매출은 12% 증가하여 2120만 달러에 달했으며, 이는 2024 회계연도 3분기의 1900만 달러와 비교됩니다. 회사는 340만 달러의 순이익을 달성했으며, 이는 작년의 240만 달러에서 증가한 수치로, 주당 0.05달러의 수익을 기록했습니다.
항공우주 제품 부문은 항공기 개조 비즈니스의 성장에 힘입어 25%의 매출 증가를 기록하며 1140만 달러에 달했습니다. 전문 서비스 부문은 전통적인 게임 감소를 부분적으로 상쇄하는 스포츠 베팅 수익에도 불구하고 1%의 소폭 감소를 경험하며 980만 달러로 줄어들었습니다.
주목할 만한 발전으로는 레거시 JET 자동 조종 장치 수리 사업 매각으로 인한 104만 달러의 이익과 새로운 FAA STC 승인에 대한 86만 4000달러의 투자 등이 있습니다. 회사는 캔자스에서의 휴일 폐쇄 및 혹독한 겨울 날씨로 인한 어려움에도 불구하고 3520만 달러의 강력한 백로그를 유지하고 있습니다.
Butler National (BUKS) a annoncé des résultats financiers solides pour le troisième trimestre de l'exercice 2025, se terminant le 31 janvier 2025. Les revenus ont augmenté de 12 % pour atteindre 21,2 millions de dollars, contre 19,0 millions de dollars au troisième trimestre de l'exercice 2024. L'entreprise a réalisé un bénéfice net de 3,4 millions de dollars, en hausse par rapport à 2,4 millions de dollars d'une année sur l'autre, avec des bénéfices de 0,05 dollar par action.
Le segment Produits Aérospatiaux a connu une augmentation des revenus de 25 % pour atteindre 11,4 millions de dollars, soutenue par la croissance de l'activité de Modification d'Aéronefs. Le segment Services Professionnels a enregistré une légère baisse de 1 % à 9,8 millions de dollars, les gains des paris sportifs compensant partiellement les baisses des jeux traditionnels.
Parmi les développements notables, on trouve un gain de 1,04 million de dollars provenant de la vente de l'activité de réparation de pilote automatique JET et un investissement de 864 000 dollars dans de nouvelles approbations FAA STC. L'entreprise maintient un solide carnet de commandes de 35,2 millions de dollars, malgré les défis liés aux fermetures pendant les vacances et aux conditions hivernales sévères au Kansas.
Butler National (BUKS) hat für das dritte Quartal des Geschäftsjahres 2025, das am 31. Januar 2025 endete, starke finanzielle Ergebnisse gemeldet. Der Umsatz stieg um 12 % auf 21,2 Millionen Dollar im Vergleich zu 19,0 Millionen Dollar im dritten Quartal des Geschäftsjahres 2024. Das Unternehmen erzielte einen Nettogewinn von 3,4 Millionen Dollar, ein Anstieg von 2,4 Millionen Dollar im Jahresvergleich, mit einem Gewinn von 0,05 Dollar pro Aktie.
Das Segment Luft- und Raumfahrtprodukte verzeichnete einen Umsatzanstieg von 25 % auf 11,4 Millionen Dollar, angetrieben durch das Wachstum im Bereich der Flugzeugmodifikation. Das Segment Professionelle Dienstleistungen erlebte einen leichten Rückgang von 1 % auf 9,8 Millionen Dollar, wobei die Gewinne aus Sportwetten teilweise die Rückgänge im traditionellen Glücksspiel ausglichen.
Bemerkenswerte Entwicklungen umfassen einen Gewinn von 1,04 Millionen Dollar aus dem Verkauf des Legacy JET-Autopilot-Reparaturgeschäfts und eine Investition von 864.000 Dollar in neue FAA STC-Zulassungen. Das Unternehmen hält trotz Herausforderungen durch Feiertagschließungen und strenge Winterwetterbedingungen in Kansas einen starken Auftragsbestand von 35,2 Millionen Dollar.
- Net income increased 42% to $3.4 million from $2.4 million YoY
- Aerospace Products revenue grew 25% to $11.4 million
- One-time gain of $1.04 million from JET autopilot business sale
- Strong backlog of $35.2 million
- Sports wagering revenue increased by $381,000
- Professional Services revenue declined 1% to $9.8 million
- Traditional gaming revenue decreased by $474,000
- Aerospace Products costs increased 41% to $8.3 million
- Winter storms adversely impacted Boot Hill Casino patronage
- Parts shortages affected gun control unit deliveries
- Revenue increased
Historical selected financial data related to all operations: | ||||||||||||||||
(In thousands except per share data) | Quarter Ended | Nine Months Ended | ||||||||||||||
January 31, | January 31, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenue | $ | 21,174 | $ | 18,960 | $ | 62,363 | $ | 55,746 | ||||||||
Operating Income | $ | 4,026 | $ | 3,795 | $ | 12,416 | $ | 8,531 | ||||||||
Net Income | $ | 3,378 | $ | 2,382 | $ | 9,220 | $ | 8,052 | ||||||||
Total Assets | $ | 128,603 | $ | 113,279 | $ | 128,603 | $ | 113,279 | ||||||||
Long-term liabilities | $ | 35,130 | $ | 38,141 | $ | 35,130 | $ | 38,141 | ||||||||
Stockholders' Equity | $ | 62,371 | $ | 49,912 | $ | 62,371 | $ | 49,912 | ||||||||
Weighted Average Shares - Diluted | 66,960 | 69,634 | 67,861 | 70,985 | ||||||||||||
Earnings Per Share | $ | 0.05 | $ | 0.03 | $ | 0.14 | $ | 0.11 | ||||||||
New Product Research and Development Cost | $ | 864 | $ | 845 | $ | 1,585 | $ | 2,184 | ||||||||
Management Comments
Butler National's
Third quarter fiscal 2025 net income was
During the three months ended January 31, 2025, we invested approximately
The
Our contracted Draft Kings platform for online/interactive sports wagering for Kansans on behalf of the Kansas Lottery continues to enhance Professional Services Segment revenue. Our Boot Hill Casino team continues to concentrate on increasing patron visitation while maximizing the impact of marketing expenses and effectively controlling costs.
Business Segment Highlights
Aerospace Products:
Revenue increased
Professional Services:
Revenue decreased
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. With the expansion of Avcon (Aircraft Modification), the expedited need for parts and outsourcing continues to drive costs. The expansion of the Avcon fabrication shop and building acquisition should reduce the costs of outsourcing long term.
Backlog:
As of January 31, 2025, 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: | |
Butler National Corporation Investor Relations | Ph (913) 780-9595 |
David Drewitz, Public Relations | Ph (972) 814-5723
|
Butler National Corporation Investor Relations | |
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SOURCE Butler National Corporation
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