BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS
- Operating income increased 12% to
Historical selected financial data related to all operations: |
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Quarter Ended |
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Nine Months Ended |
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(In thousands) |
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(In thousands) |
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2024 |
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2023 |
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2024 |
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2023 |
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Revenue |
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$ |
18,960 |
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$ |
20,464 |
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$ |
55,746 |
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$ |
55,093 |
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Operating Income |
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$ |
3,795 |
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$ |
3,385 |
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$ |
8,531 |
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$ |
9,012 |
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Net Income |
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$ |
2,382 |
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$ |
1,977 |
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$ |
8,052 |
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$ |
5,091 |
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Total Assets |
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$ |
113,279 |
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$ |
111,077 |
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$ |
113,279 |
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$ |
111,077 |
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Long-term liabilities |
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$ |
38,141 |
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$ |
43,172 |
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$ |
38,141 |
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$ |
43,172 |
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Stockholders' Equity |
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$ |
49,912 |
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$ |
46,446 |
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$ |
49,912 |
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$ |
46,446 |
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Weighted Average Shares - Diluted |
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69,634 |
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76,664 |
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70,985 |
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76,634 |
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Earnings Per Share |
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$ |
0.03 |
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$ |
0.03 |
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$ |
0.11 |
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$ |
0.07 |
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$ |
845 |
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$ |
703 |
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$ |
2,184 |
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$ |
2,335 |
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Management Comments
Fiscal quarter three ended
Third quarter fiscal 2024 net income was
During the three months ended
"Business is good and the receipt of orders from Aerospace Segment customers continues. We are pleased with the $ 0.03 per share earnings for the quarter. With continued favorable gaming activity, production and the flow of orders,
Additionally, customer demand for aircraft modifications, gun control units and ruggedized cabling is strong. The backlog remains high at
Business Segment Highlights
Professional Services:
Revenue increased 4% for the three months ended
Aerospace Products:
Revenue decreased 17% to
Costs related to Professional Services and Aerospace Products include the cost of engineering, labor, materials, equipment utilization, control systems, security and occupancy. Expenses related to Professional Services and Aerospace Products include marketing and advertising, employee benefits, depreciation and amortization, and general, administrative and other expenses.
Backlog:
As of
Our Business:
Forward-Looking Information:
Statements made in this report, other reports and proxy statements filed with the
FOR MORE INFORMATION, CONTACT: |
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www.creativeoptionsmarketing.com
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Ph (972) 814-5723
Ph (913) 780-9595 |
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