Recent Updates — BUKS

The Board of Directors authorized a $10 million increase in the existing common stock repurchase program, raising the total available authorization to approximately $11.9 million and extending the program through April 30, 2029. The company has repurchased roughly 300,000 shares since April 30, 2026 at an average price of $4.16 per share. Butler National operates in aerospace MRO and gaming management services.

Butler National Corporation reported first-quarter fiscal 2027 financial results for the period ended July 31, 2026. Revenue increased 53% to $30.8 million from $20.1 million in the prior-year quarter, driven by a 92% surge in Aerospace Products revenue to $21.7 million. Operating income rose 59% to $7.4 million and net income grew 43% to $5.3 million. Diluted earnings per share increased to $0.10 from $0.05, while operating margin expanded to 24%. The company repurchased 246,996 shares during the quarter and reported a record Aerospace Products backlog of $51.1 million. Butler National Corporation operates in the aircraft modification, maintenance, repair, overhaul (MRO) sector and provides gaming management services.

Butler National Corporation extended its sports wagering management contract with the Kansas Lottery for three years through September 2030 and amended its agreement with DraftKings to facilitate online and mobile sports betting for an additional ten-year term. The lottery contract renewal maintains existing material terms, while the DraftKings amendment includes updated commercial terms reflecting current market conditions. Under the lottery agreement, Butler National Service Corporation receives 90% of sports wagering revenue generated by Boot Hill Casino & Resort. This filing does not contain specific financial figures or dividend announcements. Butler National Corporation operates in the Aerospace and Professional Services business segments.

Butler National Corporation approved compensation changes for Adam B. Sefchick, who serves as Interim CEO, President, and CFO. His annual base salary increased to $302,000, and his cash bonus target rose to $70,000 with a $110,000 maximum. He received a $100,000 restricted stock award and an additional $10,000 monthly stipend for his interim CEO duties. Butler National Corporation is a diversified holding company.