Butler National ( (BUKS) ) has released its Q3 earnings. Here is a breakdown of the information Butler National presented to its investors.
Butler National Corporation, a leader in aircraft modification, maintenance, repair, and overhaul (MRO) and gaming management services, has reported its financial results for the third quarter of fiscal year 2025. The company operates in the Aerospace and Professional Services sectors, with significant operations in aircraft enhancements and casino management.
In its latest earnings report, Butler National Corporation announced a 12% increase in revenue, reaching $21 million for the third quarter of fiscal 2025, compared to $19 million in the same period last year. The company also reported a net income of $3.4 million, up from $2.4 million in the previous year. Earnings per share rose to $0.05, reflecting the company’s positive financial trajectory despite seasonal challenges.
Key financial highlights include a 25% increase in Aerospace Products revenue, driven by productivity enhancements and aircraft deliveries, while Professional Services revenue saw a slight decline of 1%. The company’s operating income for the quarter was $4 million, showing a steady increase from the previous year. Notably, the company made significant investments in new FAA STC approvals, crucial for its Aircraft Modification business.
Looking ahead, Butler National Corporation remains focused on enhancing efficiencies in its Aircraft Modifications segment and expanding its Avcon operations. The company also continues to leverage its partnership with DraftKings for sports wagering, contributing to its Professional Services revenue. With a robust backlog of $35.2 million, Butler National is well-positioned to maintain its growth trajectory in the coming quarters.