Butler National Q1 revenue up 12% to $17.2M, EPS $0.01; net income improves to $719K

BUTLER NATIONAL CORP

2024-Q1 EPS reported $0.01 revenue$17,185,000

Revenue $17.2M (+12% YoY), net income $719K (+67% YoY), diluted EPS $0.01 flat.
Operating income $1.14M (7% margin) vs $1.63M (11% margin) last year; cost pressures in Aerospace.
Aerospace Products revenue up 28% to $8.1M but segment operating loss widened to $0.6M.
Professional Services revenue flat at $9.0M; sports wagering contributed $0.7M offsetting casino dip.
Backlog strong at $29.3M; cash decreased $7.8M due to facility upgrades and wage adjustments.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BUTLER NATIONAL CORP reported first quarter fiscal 2024 ended July 31, 2023 results: revenue $17,185, net income $719, EPS $0.01.

Period: first quarter fiscal 2024 ended July 31, 2023
Revenue: $17,185
Net income: $719
EPS: $0.01
Result: reported results

Exact text from the filing

for the first quarter fiscal 2024 ended July 31, 2023 . Historical selected financial data related to all operations: Quarter Ended July 31 (In thousands) 2023 2022 Revenue $ 17,185 $ 15,304 Operating Income $ 1,137 $ 1,625 Net Income $ 719 $ 431 Total Assets $ 105,000 $ 103,966 Long-term obligations $ 40,574 $ 45,611 Stockholders' Equity $ 42,216 $ 41,747

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Source: SEC EDGAR

accession 0001437749-23-025831

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