BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER FISCAL YEAR 2023 FINANCIAL RESULTS
Revenue increased 16% to $20.5 million for the third quarter resulting in quarterly earnings of three cents per share
OLATHE, KANSAS, March 16, 2023,Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the third quarter fiscal 2023 ended January 31, 2023. The Company will defer the conference call for the quarter to a planned fiscal year end results call following the filing of the Company’s Form 10-K.
Management Comments
The quarter-ended January 31, 2023, was a positive quarter. Both the Professional Services and Aerospace Products segments experienced increases in revenue. Revenue increased 16% to $20.5 million in the three months ended January 31, 2023, as compared to $17.6 million in the three months ended January 31, 2022. The increase in revenue reflects an increase of 25% in Aerospace Products revenue and an increase of 8% in Professional Services revenue. Our Aerospace Products segment continues to focus on new opportunities in international markets, obsolescence solutions and the development of new Federal Aviation Administration supplemental type certificates (“STCs”). Sports wagering became legal in the State of Kansas on September 1, 2022, and resulted in a new revenue source of $1.2 million for the Professional Services segment. In addition to the online platform, we initially opened a temporary physical sports book and now feature a permanent DraftKings branded physical sports book at Boot Hill Casino.
Third quarter fiscal 2023 net income was $2.0 million compared to a net income of $2.7 million in the third quarter fiscal 2022. Third quarter fiscal 2023 operating margin was 17% compared to 25% in third quarter fiscal 2022. We continue to review operational processes and methods to control general and administrative expenses.
During the three months ended January 31, 2023, we invested approximately $578 in the development and acquisition of new products. This expenditure for design and development engineering, testing, and certification of new products is the foundation for Aerospace Products and is essential to our long-term revenue and profits.
We are positive about the remainder of fiscal 2023. Our cash position increased $4.7 million during the first nine months of fiscal 2023 and backlog remains strong at $27.1 million. Working with our contracted platform, we have brought online sports wagering to Kansans on behalf of the Kansas Lottery. We opened our permanent retail sports book at Boot Hill Casino & Resort on February 28, 2023. Management and all employees are focused on the development of new products, staffing, production and cost management. We are committed to our customers and to increasing shareholder value.
FY 2023 Q2 – Financial Results and Conference Call
BUTLER NATIONAL CORPORATION ANNOUNCES SECOND QUARTER FISCAL YEAR 2023 FINANCIAL RESULTS AND CONFERENCE CALL
– Revenue increased 4% to $19.3 million for the second quarter resulting in quarterly earnings of three cents per share –
OLATHE, KANSAS, December 15, 2022, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the second quarter fiscal 2023 ended October 31, 2022. In conjunction with the release, the Company has scheduled a conference call Friday, December16, 2022 at 10:00 AM Central Standard Time.
What: Butler National Corporation Second Quarter Fiscal 2023 Financial Results Conference Call
When: Friday, December 16, 2022 – 10:00 AM Central Standard Time
How: Live via phone by dialing 800-550-7966. Code: 565 658. Conference call participants should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corporation, will be leading the call and discussing results of the second quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2023.
FY 2023 Q1 – Financial Results and Conference Call
OLATHE, KANSAS, September 14, 2022, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter fiscal 2023 ended July 31, 2022. In conjunction with the release, the Company has scheduled a conference call Friday, September 16, 2022 at 10:00 AM Central Daylight Time.
What:
Butler National Corporation First Quarter Fiscal 2023 Financial Results Conference Call
When:
Friday, September 16, 2022 – 10:00 AM Central Daylight Time
How:
Live via phone by dialing 800-550-7966. Code: 565 658. Conference call participants should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2023.
FY 2022 Q4 – Financial Results and Conference Call
OLATHE, KANSAS, July 15, 2022, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the fourth quarter and fiscal year ended April 30, 2022. In conjunction with the announcement, the Company has scheduled a conference call for Monday, July 18, 2022 at 10:00 AM Central Daylight Time.
What:
Butler National Corporation Fourth Quarter Fiscal Year End 2022 Financial Results Conference Call
When:
Monday, July 18, 2022 – 10:00 AM Central Daylight Time
How:
Live via phone by dialing 800-550-7966. Code: 565 658. Conference call participants should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will lead the call and discuss results of the fourth quarter and fiscal year end, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2023.
FY 2022 Q3 – Financial Results and Conference Call
OLATHE, KANSAS, March 15, 2022, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the third quarter fiscal 2022 ended January 31, 2022. In conjunction with the release, the Company has scheduled a conference call Thursday, March 17, 2022 at 9:00 AM Central Daylight Time.
What:
Butler National Corporation Third Quarter Fiscal 2022 Financial Results Conference Call
When:
Thursday, March 17, 2022 – 9:00 AM Central Daylight Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2022.
FY 2022 Q2 – Financial Results and Conference Call
OLATHE, KANSAS, December 14, 2021, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the second quarter fiscal 2022 ended October 31, 2021. In conjunction with the release, the Company has scheduled a conference call Thursday, December 16, 2021 at 9:00 AM Central Standard Time.
What:
Butler National Corporation Second Quarter Fiscal 2022 Financial Results Conference Call
When:
Thursday, December 16, 2021 – 9:00 AM Central Standard Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the second quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2022.
FY 2022 Q1 – Financial Results and Conference Call
OLATHE, KANSAS, September 10, 2021, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter fiscal 2022 ended July 31, 2021. In conjunction with the release, the Company has scheduled a conference call Tuesday, September 14, 2021 at 10:00 AM Central Daylight Time.
What:
Butler National Corporation First Quarter Fiscal 2022 Financial Results Conference Call
When:
Tuesday, July 20, 2021 – 9:00 AM Central Daylight Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the fourth quarter and fiscal year end, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2022.
FY 2021 Q4 – Financial Results and Conference Call
OLATHE, KANSAS, July 16, 2021, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the fourth quarter and fiscal year ended April 30, 2021. In conjunction with the release, the Company has scheduled a conference call Tuesday, July 20, 2021 at 9:00 AM Central Daylight Time.
What:
Butler National Corporation Fourth Quarter Fiscal Year End 2021 Financial Results Conference Call
When:
Tuesday, July 20, 2021 – 9:00 AM Central Daylight Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the fourth quarter and fiscal year end, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2022.
FY 2021 Q3 – Financial Results and Conference Call
OLATHE, KANSAS, March 12, 2021, – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the third quarter fiscal 2021 ended January 31, 2021. In conjunction with the release, the Company has scheduled a conference call Monday, March 15, 2021 at 10:00 AM Central Daylight Time.
What:
Butler National Corporation Third Quarter Fiscal 2021 Financial Results Conference Call
When:
Monday, March 15, 2021 – 10:00 AM Central Daylight Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.
FY 2021 Q2 – Financial Results and Conference Call
OLATHE, KANSAS – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the second quarter fiscal 2021 ended October 31, 2020. In conjunction with the release, the Company has scheduled a conference call Tuesday, December 15, 2020 at 10:00 AM Central Standard Time.
What:
Butler National Corporation Second Quarter Fiscal 2021 Financial Results Conference Call
When:
Tuesday, December 15, 2020 – 10:00 AM Central Standard Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the second quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.
FY 2021 Q1 – Financial Results and Conference Call
OLATHE, KANSAS – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter fiscal 2021 ended July 31, 2020. In conjunction with the release, the Company has scheduled a conference call Tuesday, September 15, 2020 at 10:00 AM Central Daylight Time.
What:
Butler National Corporation First Quarter Fiscal 2021 Financial Results Conference Call
When:
Tuesday, September 15, 2020 – 10:00 AM Central Daylight Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.
FY 2020 Q4 – Financial Results and Conference Call
Revenue Increased 12%, Net Income of $4.2 Million
OLATHE, KANSAS – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the fourth quarter and fiscal year ended April 30, 2020. In conjunction with the release, the Company has scheduled a conference call Tuesday, July 21, 2020 at 9:00 AM Central Daylight Time.
What:
Butler National Corporation Fourth Quarter Fiscal Year End 2020 Financial Results Conference Call
When:
Tuesday, July 21, 2020 – 9:00 AM Central Daylight Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the fourth quarter and fiscal year end, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.
FY 2020 Q3 – Financial Results and Conference Call
Revenue Increased 18%, Net Income of $1.3 Million
OLATHE, KANSAS – Butler National Corporation (OTCQB: BUKS), a leader in the growing global
market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider
of gaming management services, announces its financial results for the third quarter fiscal 2020 ended January
31, 2020. In conjunction with the release, the Company has scheduled a conference call Monday, March 16, 2020
at 10:00 AM Central Daylight Time.
What:
Butler National Corporation Third Quarter Fiscal 2020 Financial Results Conference Call
When:
Monday, March 16, 2020 – 10:00 AM Central Daylight Time
How:
Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of
the third quarter, the status of new and existing orders, gaming activities and an outlook on the balance
of fiscal 2020.
FY 2020 Q2 – Financial Results and Conference Call
Revenue Increased 27%, Net Income Increased 30% to $2.2 Million
Olathe, Kansas – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the second quarter fiscal 2020 ended October 31, 2019. In conjunction with the release, the Company has scheduled a conference call Tuesday, December 17, 2019 at 9:00 AM Central Standard Time.
What: Butler National Corporation Second Quarter Fiscal 2020 Financial Results Conference Call
When: Tuesday, December 17, 2019 – 9:00 AM Central Standard Time
How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the second quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2020.
FY 2020 Q1 – Financial Results and Conference Call
Revenue Increased 27%, Net Income Increased to $2.1 Million
Olathe, Kansas – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter fiscal 2020 ended July 31, 2019. In conjunction with the release, the Company has scheduled a conference call Tuesday, September 17, 2019 at 9:00 AM Central Daylight Time.
What: Butler National Corporation First Quarter Fiscal 2020 Financial Results Conference Call
When: Tuesday, September 17, 2019 – 9:00 AM Central Daylight Time (CDT)
How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO of Butler National Corporation, will lead the call and discuss results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2020.
