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Butler National is a company that operates in the Aerospace and Management Services business segments. The Aerospace segment develops performance-enhancing aircraft modifications, special mission (ISR) and regulatory-driven aircraft solutions. It manufactures safety devices, systems integration and structural modifications for business aircraft, custom gun controls and defense electronics, along with aircraft avionics repair and installation. The Management Services segment includes a group of businesses, including casino leadership, management, operations, and gaming support, as well as architectural design and construction.

TypePublic
Founded1960
HQOlathe, US
Websitebutlernational.com

Latest Updates

Employees (est.) (Dec 2019)298
Revenue (FY, 2019)$58.7 M(+22%)
Share Price (Mar 2020)$0.4 (+3%)

Key People/Management at Butler National

Clark Stewart

Clark Stewart

President, CEO
Tad McMahon

Tad McMahon

CFO
Craig Stewart

Craig Stewart

President, Aerospace
Christopher Reedy

Christopher Reedy

VP
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Butler National Office Locations

Butler National has an office in Olathe
Olathe, US (HQ)
19920 W 161st St
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Butler National Financials and Metrics

Butler National Revenue

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Butler National's revenue was reported to be $58.71 m in FY, 2019 which is a 21.7% increase from the previous period.
USD

Revenue (Q3, 2020)

16.8m

Net income (Q3, 2020)

1.4m

EBIT (Q3, 2020)

2.9m

Market capitalization (27-Mar-2020)

29.1m

Closing stock price (27-Mar-2020)

0.4

Cash (31-Jan-2020)

15.8m

EV

58.4m
Butler National's current market capitalization is $29.1 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

44.8m50.6m48.3m58.7m

Revenue growth, %

(5%)13%(5%)22%

Cost of goods sold

30.0m33.7m32.1m37.3m

Gross profit

14.7m16.9m16.2m21.4m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

11.4m12.8m11.3m11.6m11.2m11.0m13.4m15.3m14.3m17.0m19.4m16.8m

Cost of goods sold

7.4m8.3m7.7m7.9m7.6m7.4m8.9m9.3m8.6m8.8m

Gross profit

4.0m4.5m3.6m3.8m3.6m3.6m4.5m6.0m5.7m8.2m

Gross profit Margin, %

35%35%32%32%32%33%33%39%40%48%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

7.4m6.4m7.4m9.0m

Accounts Receivable

1.6m4.1m3.1m3.3m

Inventories

8.0m6.9m7.1m8.9m

Current Assets

17.8m18.3m18.8m23.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

6.3m6.4m5.3m5.9m5.4m5.1m7.5m9.0m8.8m10.2m17.0m15.8m

Accounts Receivable

2.2m3.2m3.0m3.8m2.9m1.9m3.2m4.3m3.8m5.4m2.5m3.1m

Prepaid Expenses

2.1m1.8m

Inventories

7.6m7.6m7.7m7.1m7.4m8.0m7.5m7.6m8.7m9.3m8.6m9.1m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

815.0k2.3m1.3m5.7m

Depreciation and Amortization

3.8m3.4m3.3m3.4m

Inventories

(926.0k)1.1m(262.0k)(1.8m)

Accounts Payable

144.0k(99.0k)296.0k(441.0k)
USDY, 2020

EV/EBIT

20.2 x

EV/CFO

5.6 x

Revenue/Employee

56.4k

Financial Leverage

2.4 x
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Butler National Operating Metrics

Butler National's Backlog was reported to be $19.9m in Jul, 2019.
FY, 2016Jul, 2016FY, 2017Jul, 2017FY, 2018Jul, 2018FY, 2019Jul, 2019

Backlog

$7.60 m$11.82 m$10.82 m$11.43 m$13.18 m$15.18 m$16.16 m$19.87 m
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Butler National Acquisitions / Subsidiaries

Company NameDateDeal Size
Avcon Industries, Inc.
Avcon ISR Solutions, Inc.
AVT Corporation
BCS Design, Inc.
Butler Avionics, Inc.
Butler National Corporation
Butler National, Inc.
Butler National Service Corporation
Butler National Services, Inc.
Butler Temporary Services, Inc.
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Butler National Revenue Breakdown

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Butler National revenue breakdown by business segment: 45.5% from Aerospace Products and 54.5% from Professional Services

Butler National Online and Social Media Presence

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Butler National Blogs

FY 2020 Q3 – Financial Results and Conference Call

Revenue Increased 18%, Net Income of $1.3 Million OLATHE, KANSAS – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its fina…

FY 2020 Q2 – Financial Results and Conference Call

Revenue Increased 27%, Net Income Increased 30% to $2.2 Million Olathe, Kansas – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, anno…

Butler National Casino Management Contract 15-Year Renewal Approved

Kansas Lottery Signs Agreement for Amendment and Renewal of Lottery Gaming Facility Management Contract with Butler National Service Corporation and BHCMC for 15-Year Extension Olathe, Kansas – Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the…

FY 2020 Q1 – Financial Results and Conference Call

Revenue Increased 27%, Net Income Increased to $2.1 Million Olathe, Kansas – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announce…

FY 2019 Q4 – Financial Results and Conference Call

Revenue increased 22% to $58.7 Million in Fiscal 2019 from $48.3 Million in Fiscal 2018 Olathe, Kansas – Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming m…

ADS-B STC for TCAS-II Equiped Learjet 31A Aircraft Receives FAA Approval

Olathe, Kansas, (Originally filed February 21, 2019) – Butler National Corporation (OTC QB: BUKS), a leader in aircraft special mission and avionics modification, announces Federal Aviation Administration (“FAA”) Supplemental Type Certificate (“STC”) approval of the Butler National ADS-B(Out) avioni…
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Butler National Frequently Asked Questions

  • When was Butler National founded?

    Butler National was founded in 1960.

  • Who are Butler National key executives?

    Butler National's key executives are Clark Stewart, Tad McMahon and Craig Stewart.

  • How many employees does Butler National have?

    Butler National has 298 employees.

  • What is Butler National revenue?

    Latest Butler National annual revenue is $58.7 m.

  • What is Butler National revenue per employee?

    Latest Butler National revenue per employee is $197 k.

  • Who are Butler National competitors?

    Competitors of Butler National include Commuter Air Technology, CPI Aero and SEAKR Engineering.

  • Where is Butler National headquarters?

    Butler National headquarters is located at 19920 W 161st St, Olathe.

  • Where are Butler National offices?

    Butler National has an office in Olathe.

  • How many offices does Butler National have?

    Butler National has 1 office.