BUTLER NATIONAL CORPORATION ANNOUNCES FISCAL YEAR END 2024 FINANCIAL RESULTS
- Record
Historical selected financial data related to all operations: |
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|||||
|
|
(In thousands except per share data) |
|
|||||
|
|
2024 |
|
|
2023 |
|
||
Revenue |
|
$ |
78,376 |
|
|
$ |
75,182 |
|
Operating Income |
|
|
13,239 |
|
|
|
8,654 |
|
Net Income |
|
|
12,512 |
|
|
|
4,516 |
|
Total Assets |
|
|
113,975 |
|
|
|
113,906 |
|
Long-term Obligations |
|
|
36,617 |
|
|
|
41,748 |
|
Stockholders' Equity |
|
|
54,441 |
|
|
|
46,781 |
|
Weighted Average Shares - Diluted |
|
|
70,436 |
|
|
|
76,457 |
|
Diluted Earnings Per Share |
|
|
0.18 |
|
|
|
0.06 |
|
|
|
|
3,069 |
|
|
|
3,034 |
|
Management Comments
"The revenue reflects a 7% increase in Aerospace Products in fiscal 2024, which is attributed to targeted marketing our new
"During the fiscal year ended
"The Butler team continues to focus on training new talent to enhance production efficiencies while maintaining schedules and growing net income. Training ranges from on-the-job development of aircraft modifications skills, both for technicians and engineers, to specialized cable manufacturing in Tempe. Our objective is to grow production capacity and minimize the loss of productivity. The modification activity at the
Business Segment Highlights
Aerospace Products:
Revenue increased 7% to $39.7 million in fiscal 2024 compared to $37.1 million in fiscal 2023. This $2.6 million increase was due primarily to an increase in our aircraft modification business of
Professional Services:
Revenue from Professional Services increased 2% to $38.6 million in fiscal 2024 from $38.0 million in fiscal 2023. The sports wagering platform brought in
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, labor, 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: |
|
|
Ph (972) 814-5723 |
|
|
|
|
|
|
Butler National Corporation Investor Relations |
Ph (913) 780-9595 |
THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about
View original content to download multimedia:https://www.prnewswire.com/news-releases/butler-national-corporation-announces-fiscal-year-end-2024-financial-results-302204552.html
SOURCE