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Butler National (BUKS) investor relations material
Butler National Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary12 Dec, 2025
Executive summary
Achieved record quarterly and six-month performance with operating income up 46% for Q2 and 40% for six months, and net income up 67% for Q2 and 66% for six months, driven by Aerospace Products growth.
Revenue for Q2 FY2026 was $23.3 million (up 9%), and for six months ended October 31, 2025, was $43.4 million (up 5% year-over-year).
Operating margin improved to 38% for Q2 and 27.1% for six months, with EPS rising to $0.09 for Q2 and $0.15 for six months.
Resumed quarterly earnings calls to enhance transparency and shareholder communication.
Stockholders' equity increased to $70.2 million as of October 31, 2025.
Financial highlights
Aerospace Products revenue rose 20% to $14 million in Q2, with segment margin up to 38%; Professional Services revenue declined 5% to $9.2 million.
Net income for Q2 was $5.99 million, up from $3.6 million, and for six months was $9.7 million, up 66% year-over-year.
Cash flow from operations was $13.9 million for the six months ended October 31, 2025; cash balance at period end was $29.6 million.
Earnings per share were $0.09 for Q2 and $0.15 for the first six months.
Backlog increased to $46.3 million as of October 31, 2025.
Outlook and guidance
Management expects continued growth and efficiency improvements, supported by investments in new products, internal manufacturing, and systems integration.
Capital expenditures of $9.2 million are anticipated for the remainder of fiscal 2026, with sufficient cash to cover requirements.
Inflationary pressures on material and labor costs are expected to persist into fiscal 2026 and 2027.
Gaming/Professional Services segment faces ongoing challenges from local economic factors but remains stable.
Sustain Aerospace 38% operating margin
Strategy for Professional Services revenue growth
How do Q1/Q2 investments drive future growth?
King Air Cargo Door STC: What's the commercial plan?
Gaming: How to mitigate local ag economy impact?
Uplifting to NASDAQ: What are the current hurdles?
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Next Butler National earnings date
Q3 202613 Mar, 2026
Next Butler National earnings date
Q3 202613 Mar, 2026
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Frequently asked questions
Butler National Corporation operates in the aerospace and professional services sectors, offering products and services to both commercial and government clients. In aerospace, the company specializes in the design, engineering, and modification of aircraft, including avionics upgrades and the production of components for business and military aircraft. Its professional services segment includes the management and operation of casino gaming facilities through subsidiary agreements with Native American tribes. The company is headquartered in Olathe, Kansas, and its shares are listed on the OTCQB.
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