Overview
Aircraft modification firm Butler National's Q2 revenue rose 9% yr/yr
EPS increased to $0.09 from $0.05
Company repurchased 687,852 shares
Outlook
Company sees ongoing systems integration projects enhancing program margins
Company expects restaurant renovation to attract additional patronage
Result Drivers
AEROSPACE GROWTH - Gains in Aerospace Products segment drove results, with a 20% revenue increase attributed to Avcon and Butler-Tempe production efficiencies
SPORTS WAGERING - Increase in mobile sports wagering revenue contributed positively to Professional Services segment
FAA APPROVALS - New FAA STC approvals, including for non-halon fire extinguishers, supported growth in Aerospace Products
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$23.25 mln
Q2 EPS
$0.09
Q2 Net Income
$5.99 mln
Q2 Operating Income
$7.08 mln
Press Release: ID:nPnVVZKka
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)