Butler National Corporation reported a revenue increase of 7% for the fiscal year ending April 30, 2025, reaching $84.0 million compared to $78.4 million in the previous year. The Aerospace Products segment saw a significant revenue boost of 15%, totaling $45.7 million, attributed to targeted marketing efforts and new Supplemental Type Certificates (STCs) for aircraft modifications. In contrast, the Professional Services segment, which includes the Boot Hill Casino and Resort, experienced a slight revenue decline of less than 1%, primarily due to decreased traditional casino gaming revenue, offset by a rise in sportsbook revenue from $4.6 million to $5.8 million.
Net income for the fiscal year was reported at $12.6 million, a marginal increase from $12.5 million in fiscal 2024, resulting in earnings per share of $0.19, up from $0.18. The operating income also improved significantly, rising 27% to $16.8 million, reflecting an operating margin of 20%, compared to 17% in the prior year. This improvement was driven by enhanced operational efficiencies and a strategic shift towards higher-margin product lines, particularly in the Aerospace Products segment.
Operationally, Butler National's workforce expanded, with 144 full-time employees as of April 30, 2025, up from 133 the previous year. The company also reported a backlog of $28.9 million in Aerospace Products, indicating strong future demand. However, the Professional Services segment faced challenges due to economic conditions affecting local patronage at the Boot Hill Casino, which is heavily reliant on the agricultural sector and local employment levels.
Looking ahead, Butler National's outlook remains cautious, influenced by external factors such as inflation, changes in U.S. trade policy, and the competitive landscape in both the aerospace and gaming industries. The company anticipates continued pressure on Professional Services revenue due to economic conditions in the Dodge City area, while the Aerospace Products segment is expected to benefit from a strong backlog and ongoing demand for modifications. However, rising labor costs and supply chain constraints may pose challenges to maintaining profitability.
In summary, Butler National Corporation's fiscal 2025 results reflect a solid performance in Aerospace Products, while the Professional Services segment faces headwinds. The company is focused on leveraging its backlog and operational efficiencies to navigate the evolving market landscape, with a strategic emphasis on innovation and customer engagement.
About BUTLER NATIONAL CORP
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