secwatch.observer — SEC 8-K summary
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Issuer:     BUTLER NATIONAL CORP (BUKS)
CIK:        0000015847
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001437749-23-025831
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15847/000143774923025831/0001437749-23-025831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15847/000143774923025831/buks20230706_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-025831

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer