BUTLER NATIONAL CORP (BUKS) Form 10-Q — Sep 11, 2026
Butler National delivered a standout fiscal Q1 (quarter ended July 31, 2026): revenue jumped 53% to $30.8 million and net income rose 43% to $5.3 million ($0.08 EPS), with operating income up 59% to $7.4 million. The growth was almost entirely driven by Aerospace Products, where revenue surged 92% to $21.7 million on record quarterly Aircraft Modification revenue of $16.3 million, larger special-mission aircraft projects, and kit sales; segment backlog stood at $51.1 million.
Key figures
- Eps
- 0.08
- Revenue
- 30781000
- Net Income
- 5265000
- Revenue Yoy
- 53%
- Cash Position
- 35266000
- Shares Outstanding
- 63842119
- Operating Income
- 7424000
- Aerospace Backlog
- 51100000
- Stock Repurchased
- 254,619 shares at average $4.16 (~$1.1 million)
- Operating Cash Flow
- 4639000
- Undrawn Credit Line
- $2.0 million at 8.4% (Kansas State Bank)
- Operating Income Yoy
- 59%
- Remaining FY2027 Capex
- approximately $9.6 million
- Sports Wagering Revenue
- $1.1 million vs $1.3 million prior year
- Aerospace Revenue Growth
- 92%
- Aerospace Products Revenue
- 21740000
- Academy Bank Balloon Payment
- $20.6 million due December 2027
- Prior Year Operating Cash Flow
- 14699000
- Professional Services Growth
- 3%
- Aircraft Modification Revenue
- record $16.3 million quarterly
- Professional Services Revenue
- 9041000
- Remaining Buyback Authorization
- 2100000
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