BUTLER NATIONAL CORPORATION ANNOUNCES SECOND QUARTER FISCAL YEAR 2023 FINANCIAL RESULTS AND CONFERENCE CALL
OLATHE, Kan., Dec. 15, 2022 /PRNewswire/ -- 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, December 16, 2022 at 10:00 AM Central Standard Time.
- Our engineering team resolved the supply chain shortages in Aerospace Products that shifted deliveries from first quarter into early second quarter.
- Secondquarter fiscal 2023 net income was$2.7million compared to a net income of$3.2million in the secondquarter fiscal 2022.
- Secondquarter fiscal 2023operating margin was 21%compared to 25%in secondquarter fiscal 2022.
- Butler National companies, Avcon Industries, Inc., Butler National Tempe, and Butler Avionics,in Aerospace Products concentrate on Learjet, Beechcraft King Air, Cessna turbine engine, Cessna multi-engine piston and Dassault Falcon 20 aircraft.