Butler National Corp's Q3 revenue, net income rise on aerospace products growth
Overview
US aircraft MRO and gaming services firm's Q3 revenue rose 27% yr/yr
Net income for Q3 nearly doubled from prior year
Company repurchased 222,168 shares during the quarter
Outlook
Company says investments in new products expected to support long-term revenue growth
Company continues initiatives to increase visitation and entertainment at Boot Hill Casino & Resort
Backlog stands at $37.0 mln, but completion timing remains uncertain
Result Drivers
AEROSPACE PRODUCTS GROWTH - Revenue from Aerospace Products segment rose 50%, driven by higher aircraft modification activity and increased sales of special mission electronics
OPERATIONAL IMPROVEMENTS - Productivity gains, fabrication efficiencies, and expanded installation capacity contributed to margin expansion and improved profitability
PROFESSIONAL SERVICES MIXED - Mobile sports wagering revenue grew, but traditional casino gaming revenue declined due to economic pressures in western Kansas
Company press release: ID:nPn8R2vtTa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $26.91 mln |
|
Q3 EPS |
| $0.10 |
|
Q3 Net Income |
| $6.70 mln |
|
Q3 Operating Income |
| $9.24 mln |
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