Butler National Corporation (OTCQX: BUKS) announced its financial results for the first quarter of fiscal 2027 on September 11, 2026. The company reported a 53% increase in revenue to $30.8 million, compared to $20.1 million in the prior-year quarter. This growth was accompanied by a 59% increase in operating income to $7.4 million and a 43% increase in net income to $5.3 million.
For the three months ended July 31, 2026, the company reported earnings per share of $0.08, an increase from $0.06 in the prior year. Diluted earnings per share rose to $0.10 from $0.05. The company noted that operating margin increased to 24% from 23% in the prior-year period.
On a segment basis, revenue in the Aerospace Products segment increased 92% to $21.7 million, driven by higher aircraft modification activity and increased sales of modification kits. The segment’s operating income also increased 91% compared to the prior year. The Professional Services segment saw a 3% increase in revenue to $9.0 million, driven by increased patron spending at Boot Hill Casino & Resort.
As of July 31, 2026, the Aerospace Products backlog totaled a record $51.1 million. The company also repurchased 246,996 shares of its common stock during the quarter as part of its capital allocation strategy. Stockholders’ equity increased 5% during the quarter, while long-term liabilities declined 3%.
