Butler National Corporation Reports 12% Revenue Growth and Improved Net Income for Nine Months Ending January 31, 2025

Butler National Corporation reported a significant increase in financial performance for the nine months ending January 31, 2025, with total revenues rising 12% to $62.4 million, compared to $55.7 million for the same period in the previous year. The Aerospace Products segment saw a notable 25% increase in revenue, reaching $33.7 million, driven primarily by a surge in aircraft modification services. In contrast, revenue from Professional Services remained relatively stable at $28.7 million, slightly down from $28.8 million in the prior year. The company’s net income also improved, rising to $9.2 million from $8.1 million, while operating income increased to $12.4 million from $8.5 million.

The financial results reflect strategic operational changes, including the acquisition of KC Machine in September 2023, aimed at enhancing the company’s Avcon parts fabrication capacity. Additionally, Butler National completed the sale of its Jet Autopilot Product Line for $1.5 million in cash on January 30, 2025, which is expected to streamline operations within the Aerospace Products segment. The company has also renewed its management contract for the Boot Hill Casino, which is projected to enhance revenue streams from gaming operations.

Operationally, Butler National reported an increase in customer engagement, with sports wagering revenues rising to $4.3 million for the nine months ended January 31, 2025, compared to $3.5 million in the previous year. The company’s total assets increased to $128.6 million as of January 31, 2025, up from $114.0 million at the end of the previous fiscal year, reflecting a strong cash position bolstered by a $12.9 million increase in cash during the reporting period. The company’s employee headcount also grew, with 145 full-time and 3 part-time employees reported as of January 31, 2025, compared to 133 full-time employees a year earlier.

Looking ahead, Butler National anticipates continued growth driven by its strategic investments in both the Aerospace Products and Professional Services segments. The company plans to maintain its focus on enhancing operational efficiencies and expanding its market presence, particularly in the gaming and aerospace sectors. However, management has acknowledged potential risks, including inflationary pressures on material and labor costs, which could impact future profitability. The company remains committed to leveraging its existing resources and exploring new opportunities to sustain its growth trajectory in the coming fiscal year.