---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-025831"
form_type: "8-K"
ticker: "BUKS"
cik: "0000015847"
company_name: "BUTLER NATIONAL CORP"
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T17:34:56.724127+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-025831
- form_type: 8-K
- ticker: BUKS
- cik: 0000015847
- company_name: BUTLER NATIONAL CORP
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/15847/000143774923025831/0001437749-23-025831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/15847/000143774923025831/buks20230706_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-025831
- JSON: https://secwatch.observer/filing/0001437749-23-025831.json
- Plain text: https://secwatch.observer/filing/0001437749-23-025831.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/15847/000143774923025831/0001437749-23-025831-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.