OTC-PINK:BUKS

BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS

Retrieved on: 
Friday, March 15, 2024
Aircraft, Certification, Growth, Risk, Business, Beechcraft King Air, STC, Sale, Acquisition, Aviation, Security (finance), Nature, Cessna 208 Caravan, Professional services, Advertising, Tourism, Annual report, Depreciation, Kansas Lottery, DraftKings, Marketing, Federal Aviation Administration, Engineering, Airline

OLATHE, Kan., March 15, 2024 /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 third quarter fiscal 2024 ended January 31, 2024. 

Key Points: 
  • Third quarter fiscal 2024 net income was $2.4 million compared to a net income of $2.0 million in the third quarter fiscal 2023.
  • Third quarter fiscal 2024 operating income was $3.8 million compared to $3.4 million in third quarter fiscal 2023.
  • During the three months ended January 31, 2024, we invested approximately $845 in the development and acquisition of new products.
  • With continued favorable gaming activity, production and the flow of orders, Butler National should have a positive end to fiscal 2024.

BUTLER NATIONAL ENHANCES BOARD TO REINFORCE COMMITMENT TO LONG TERM SHAREHOLDER VALUE

Retrieved on: 
Wednesday, February 14, 2024
Engineering, Nomination, OTCQB, Trinity University, Marketing, Research, Corporate title, OTC, Mechanical, Rensselaer Polytechnic Institute, Commerce, MBA, Kansas State University, Trustee, MRO, University, Trust, AATC, Electricity, Economics, Corporation, Management

NEW CENTURY, Kan., Feb. 14, 2024 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for specialized aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces the appointment of Joseph P. Daly, Jeffrey D. Yowell, and Butler National Chief Executive Officer Christopher J. Reedy to the Board of Directors of the Corporation. With these appointments, the Butler National Board will comprise seven members. 

Key Points: 
  • With these appointments, the Butler National Board will comprise seven members.
  • We are confident that the Board changes will more effectively position the Corporation for long term opportunities."
  • Chris Reedy added, "I am confident that the energy, independence and commitment to long term shareholder value that both Mr. Yowell and Mr. Daly bring to the Board will inspire additional confidence in the stock and encourage recognition of value."
  • Jeff Yowell added, "I am very excited to join the Butler National Corporation Board as the future of the company is very bright.

BUTLER NATIONAL CORPORATION ANNOUNCES SECOND QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS

Retrieved on: 
Monday, December 18, 2023
Annual report, Marketing, Depreciation, Avcon, Beechcraft King Air, Sale, New Century Financial, Acquisition, Cessna 208 Caravan, DraftKings, Certification, Risk, Kansas Lottery, Engineering, Corporation, Sport, STC, Social media, Professional services, Advertising, Aviation, Security (finance), Nature, Federal Aviation Administration, Airline

OLATHE, Kan., Dec. 18, 2023 /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 2024 ended October 31, 2023. 

Key Points: 
  • Second quarter fiscal 2024 net income was $5.0 compared to a net income of $2.7 in the second quarter fiscal 2023.
  • Second quarter fiscal 2024 operating margin was 18% compared to 21% in second quarter fiscal 2023.
  • 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.
  • 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.

BUTLER NATIONAL SUBSIDIARY OBTAINS FAA APPROVAL KING AIR WITH EXTENDED NOSE BAY AND "WHALE POD"

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Wednesday, November 1, 2023
Catalog, STC, Boot Hill, Maintenance, OTCQB, MRO, DraftKings, Camp Butler National Cemetery, FAA, Nose, Whaling, Airline, Avcon

NEW CENTURY, Kan., Nov. 1, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for specialized aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces that its subsidiary, Avcon Industries, Inc., obtained Federal Aviation Administration Supplemental Type Certificate (STC) approval of the Avcon nose extension and the Avcon extra-large "Whale Pod" modifications in the King Air Model B300 Airplanes.

Key Points: 
  • Avcon obtained STC SA04581CH for the installation of the Avcon extended nose and the Avcon "Whale Pod" on the King Air Model B300.
  • The Avcon extended nose may allow installation of up to a 20-inch camera or EO/IR sensor.
  • "The 'Whale Pod' is uniquely designed by the Avcon aerospace engineers to minimize drag and maximize available space for King Air Operators," commented Chris Reedy, President and CEO of Butler National Corporation.
  • "Similarly, the Avcon King Air Nose Extension creates new usable space for many different applications.

BUTLER NATIONAL ACQUIRES KC MACHINE BUSINESS

Retrieved on: 
Monday, October 2, 2023
Maintenance, International Traffic in Arms Regulations, DraftKings, Butler National Golf Club, Culture, ISO, Boot Hill, OTCQB, FAA, Acquisition, Finland's Slot Machine Association, Engineering, Department of Defense Architecture Framework, ITAR, ISO 9001:2015, MRO, 3D printing, Management, Avcon

NEW CENTURY, Kan., Oct. 2, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for specialized aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announced the acquisition of KC Machine, a recognized provider of high-quality precision machine parts, located just outside Kansas City.

Key Points: 
  • "The KC Machine acquisition brings significant synergy to Butler National," said Chris Reedy, President and CEO of Butler National.
  • We anticipate a fairly seamless integration of KC Machine into Butler National while maintaining its existing business levels.
  • Keith Diebold, former CEO of KC Machine, added, "The Butler National acquisition of KC Machine provides growth opportunities and a well-established, reliable corporate owner for the KC Machine employees and customers.
  • Butler National plans to continue promoting the KC Machine Business name and maintain the existing culture at the facility, which already mirrors its own values.

BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS

Retrieved on: 
Thursday, September 14, 2023
Federal Aviation Administration, Financial Instruments and Exchange Act, Advertising, Professional services, DraftKings, Marketing, Camp Butler National Cemetery, Risk, Aerospace Education Services Project, Sale, Certification, FAA, Kansas Lottery, Beechcraft King Air, Acquisition, Nature, Annual report, An Act to exempt a particular class of securities from the Securities and Exchange Act, Engineering, Depreciation, Security (finance), Airline, Resort, Learjet, Aerospace

OLATHE, Kan., Sept. 14, 2023 /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 first quarter fiscal 2024 ended July 31, 2023. 

Key Points: 
  • First quarter fiscal 2024 net income was $719 compared to a net income of $431 in the first quarter fiscal 2023.
  • First quarter fiscal 2024 operating margin was 7% compared to 11% in first quarter fiscal 2023.
  • Butler National companies, Avcon Industries, Inc., Butler Avionics and Butler National Tempe, in the Aerospace Products segment, concentrate on Learjet, Beechcraft King Air, Caravan, Gulfstream, and Cessna turbine engine aircraft, as well as electronic controls.
  • 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.

BUTLER NATIONAL AVCON SUBSIDIARY EXPANDS TO KANSAS CITY AREA

Retrieved on: 
Wednesday, August 9, 2023
Newton, Workforce, Maintenance, DraftKings, Camp Butler National Cemetery, Boot Hill, OTCQB, New Century Financial, FAA, Acquisition, MRO, Airline, Creative industries, Kansas City metropolitan area, Avcon

NEW CENTURY, Kan., Aug. 9, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for specialized aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announced the expansion of its subsidiary, Avcon Industries, Inc., to the New Century Airport, located just outside Kansas City.

Key Points: 
  • Butler National subsidiary Avcon Industries, Inc. expands operations to New Century Airport to Facilitate Growth and Skilled Personnel Demands
    NEW CENTURY, Kan., Aug. 9, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for specialized aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announced the expansion of its subsidiary, Avcon Industries, Inc., to the New Century Airport, located just outside Kansas City.
  • The company's expansion into the Kansas City area from its headquarters in Newton, Kansas will address two primary challenges:  acquisition of a skilled workforce and availability of hangar space.
  • The New Century Airport is home and headquarters to Avcon's parent company, Butler National, as well as Avcon's affiliate, Butler Avionics, Inc.
    "This is an exciting time for Avcon.
  • The Avcon team has been travelling globally to reach new clients and successfully acquire business," said Chris Reedy, CEO of Butler National.

BUTLER NATIONAL CORPORATION ANNOUNCES FISCAL YEAR END 2023 FINANCIAL RESULTS

Retrieved on: 
Monday, July 31, 2023
Federal Aviation Administration, Financial Instruments and Exchange Act, Advertising, Professional services, Professional, Marketing, Risk, Fiscal, STC, Cessna 208 Caravan, FAA, Certification, Beechcraft King Air, Acquisition, Nature, Annual report, An Act to exempt a particular class of securities from the Securities and Exchange Act, Engineering, Depreciation, Security (finance), Aircraft, Beauty salon, Learjet, Aerospace

NEW CENTURY, Kan., July 31, 2023 /PRNewswire/ -- 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 fiscal year ended April 30, 2023. 

Key Points: 
  • I am appreciative of all the Butler National Team members for their contributions in achieving the results for Fiscal Year End 2023.
  • Costs were 70% of segment total revenue in fiscal 2023, compared to 65% of segment total revenue in fiscal 2022.
  • Aerospace Products had an operating income of $65,000 in fiscal 2023 compared to an operating income of $6.2 million in fiscal 2022.
  • Costs were 40% of segment total revenue in fiscal 2023, compared to 37% of segment total revenue in fiscal 2022.

BUTLER NATIONAL SIGNS SEPARATION AGREEMENT WITH FORMER EXECUTIVE OFFICERS TO REDEEM STOCK

Retrieved on: 
Wednesday, July 26, 2023
Treasury, OTCQB, Aerospace, Stewart's, Management

Clark Stewart and Craig Stewart have agreed to resign as members of the board of directors in conjunction with entering into a separation agreement with Butler National Corporation, each of the other directors, and with the company's executive officers.

Key Points: 
  • Clark Stewart and Craig Stewart have agreed to resign as members of the board of directors in conjunction with entering into a separation agreement with Butler National Corporation, each of the other directors, and with the company's executive officers.
  • Pursuant to the separation agreements, Clark Stewart and Craig Stewart will each be paid a lump sum severance benefit in lieu of amounts accruing under their employment agreements.
  • "The redemption of a large block of outstanding shares is a positive development that is in the best interest of shareholders," said Christopher J. Reedy, President and CEO of Butler National Corporation.
  • Mr. Reedy added, "We thank Clark Stewart and Craig Stewart for many years of service to the corporation as executive officers and as directors, but we also look forward to the future.

BUTLER NATIONAL PROMOTES CHRIS REEDY FROM COO TO PRESIDENT AND CEO

Retrieved on: 
Monday, May 15, 2023
University of Missouri–Kansas City, Communication, University, Camp Butler National Cemetery, Reedy, Aviation, OTCQB, Lead, Kansas State University, Airport, Corporation, Engineering, Growth, Electricity, Airline, Management, Science

NEW CENTURY, Kan., May 15, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a recognized provider of professional management services in the gaming industry and a leader in special mission aircraft modifications, announces the promotion of Christopher J. Reedy from his current position as Chief Operating Officer to President and Chief Executive Officer. Reedy's extensive experience and leadership skills will continue to guide the company's strategic vision and growth.  Additionally, Butler National has relocated its headquarters to a new facility at the New Century Airport. 

Key Points: 
  • Additionally, Butler National has relocated its headquarters to a new facility at the New Century Airport.
  • Reedy, who has been a pivotal part of Butler National for over two decades, brings a wealth of experience to the President and CEO position.
  • His proven, complementary experience and skills in both aviation and gaming establish him as the perfect fit for the role of Butler National President and CEO," said R. Warren Wagoner, Chairman of the Butler National Board of Directors.
  • It allows our leadership to be on-site at a modification facility and creates a central hub for engineers, sales and avionics operations," said Chris Reedy, President and CEO.