Butler National Corporation announced its financial results for the second quarter of fiscal year 2025, which ended October 31, 2024. The company reported a 9% increase in total revenue, reaching $21.4 million compared to $19.6 million in the same period last year. Operating income saw a substantial 35% rise, climbing to $4.9 million from $3.6 million in the second quarter of fiscal 2024.
The Aerospace Products segment was a primary driver of this growth, with its revenue increasing by 19% to $11.7 million. This performance was attributed to strong contributions from the Tempe, Arizona Special Mission Electronics operations and Aircraft Modification production efforts. Conversely, the Professional Services segment experienced a 1% decrease in revenue, totaling $9.7 million, though sports wagering activity contributed $1.4 million to this segment's revenue.
Net income for the quarter was $3.6 million, resulting in earnings per share of $0.05. This compares to a net income of $5.0 million and earnings per share of $0.07 in the prior year's second quarter, which included a $3.7 million gain from the sale of an airplane. The company also reported a robust backlog of $38.1 million as of October 31, 2024, and invested approximately $573,000 in the development of new FAA STC approvals during the quarter.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.