Butler National (BUKS) investor relations material

Executive summary

• Revenue for Q1 fiscal 2027 rose 53% year-over-year to $30.8 million, driven by a 92% surge in Aerospace Products and a 3% rise in Professional Services revenue.

• Net income increased 43% to $5.3 million, and operating income rose 59% to $7.4 million.

• Aerospace Products growth was fueled by record aircraft modification revenues, special mission electronics sales, and robust demand for mission systems integration.

• Professional Services saw higher traditional casino gaming revenue, offsetting a decline in sports wagering revenue.

• Record aerospace backlog of $51.1 million provides visibility into future business activity.

Financial highlights

• Total revenue reached $30.8 million, up 53% year-over-year.

• Net income was $5.3 million, up 43% year-over-year.

• Operating income increased 59% to $7.4 million; operating margin improved to 24% from 23% year-over-year.

• Diluted earnings per share grew to $0.10 from $0.05 year-over-year; basic and diluted EPS reported as $0.08 in other filings.

• Cash and cash equivalents stood at $35.3 million at quarter end.

Outlook and guidance

• Management remains positive on long-term growth for Avcon and Tempe, with a healthy pipeline expected to replenish and grow aerospace backlog.

• Backlog for Aerospace Products stood at $51.1 million as of July 31, 2026.

• Management anticipates sufficient liquidity to fund operations and capital expenditures for the remainder of fiscal 2027; projected capital expenditures are $9.6 million.

• Board and leadership team are committed to maintaining stability during CEO transition and executing strategic priorities.