BUKS - BUTLER NATIONAL (BUKS)

[tdeck]

Before the 10K comes out does anyone have any info more than we already have (someone living in the area) about the dispensation of the Casino court nonsense?

That was such a cloud hanging over this thing I will be glad when its over and we see it in writing. From what I can gather it ended negatively but it isn't going to end up costing as much as it could have.

I for one am just glad the lawyers fees etc will come to an end. Would like them to get out of that casino crap once and for all its a minuscule part of the company and only seems to bring drama, sell it and be done with it.

Casinos are such shady enterprises to start with full of unsavory characters. The aviation side of the business is where its at solid as a rock and a real business, no need for greasy fingers mixed up in that and by that I do not mean aircraft engine grease.

I have only been able to accumulate 130K shares thus far playing the roller coaster/ping pong ball nature of the stock during the uncertainty during the court BS. Want to start accumulating in earnest but want to see a clearer direction with the end of the casino and its court BS in writing in paperwork to the SEC.

Ok, well any insight from anyone living in the area that may have more knowledge on the situation would be appreciated. I look forward to the 10K to get a clearer picture going forward.

Peace out.

[tdeck]

Good stock this is one of my long term accumulators. I add it low multiply it high. Peace out

[stocktrademan]

BUKS bullish 0.2900









normal chart




log chart

[ProfitScout]

Butler National Corporation Announces Stock Repurchase Program

OLATHE, Kan., Dec. 20, 2016 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, today announced that its Board of Directors approved a stock repurchase program authorizing the repurchase of up to $500,000 of its common stock. Purchases under the program are authorized through May 1, 2018. At current market prices, this represents authorization to repurchase approximately 4% of outstanding shares.

"The stock repurchase program reflects the commitment of our Board of Directors to enhancing shareholder value and our confidence in Butler National's long-term growth prospects. In light of Butler National's strong financial performance in the second quarter, the Board believes the stock repurchase program is a strategic investment and an appropriate use of corporate funds," said Butler National President and Chief Executive Officer, Clark D. Stewart.

Under the program, Butler National Corporation plans to repurchase shares of its common stock in open market transactions or by other means in accordance with federal securities laws. Management will determine the actual timing, number and value of the shares repurchased under the program, which will depend on a number of factors, including the price of the common stock, general market and economic conditions and applicable legal requirements.

About Butler National Corporation:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of Butler National Corporation that are not historical in nature, or that state the company's or management's intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to Butler National Corporation's Annual Report on Form 10- K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations

[e-mail]

www.creativeoptionscommunications.com
Ph [phone]


Butler National Corporation Investor Relations
Ph [phone]


THE WORLDWIDE WEB:

Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.


To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-stock-repurchase-program-300382147.html

SOURCE Butler National Corporation

[ProfitScout]

Butler National Corporation Announces First Quarter Financial Results And Conference Call

OLATHE, Kan., Sept. 14, 2016 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces its financial results for the first quarter fiscal 2017 ended July 31, 2016. In conjunction with the release, the Company has scheduled a conference call Friday, September 16, 2016 at 9:00 AM Central Daylight Time.

What: Butler National Corporation First Quarter Fiscal 2017 Financial Results Conference Call

When: Friday, September 16, 2016 - 9:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2017.

Historical selected financial data related to all operations:

Quarter Ended July 31

Quarter Ended April 30


(In thousands)

(In thousands)


2016

2015

2014

2016

2015

2014

Net Revenue

$ 11,389

$ 11,696

$ 12,391

$ 11,925

$ 11,836

$ 14,632

Operating Income (Loss)

711

361

806

418

(389)

1,958

Net Income (Loss)

224

19

252

381

(322)

965

Total Assets

41,280

40,463

41,450

42,697

41,598

41,678

Long-term Obligations

4,713

6,038

6,093

5,218

6,870

6,820

Stockholders' Equity

26,186

25,272

24,738

26,098

25,402

24,354

Weighted Average Shares – Diluted

63,467

62,260

61,493

63,467

62,260

60,893

New Product Research and Development Cost

299

555

405

515

828

196



Management Comments

"The fiscal quarter-ended July 31, 2016 was a positive beginning to fiscal year 2017. Revenue decreased 3% to $11.4 million in the three months ended July 31, 2016, as compared to $11.7 million in the three months ended July 31, 2015. The decrease in revenue reflects a decrease in Aerospace Products revenue (down 5%) and a decrease of 2% in Professional Services revenue. Butler National Corporation continues to drive growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

First quarter fiscal 2017 resulted in a net income of $224,000 compared to a net income of $19,000 in the first quarter fiscal 2015. The increase in net income was primarily due to a decrease in costs and expenses. Butler National Corporation is working to exceed previous revenue levels while continuing to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling expenses.

During the three months ending July 31, 2016, we invested approximately $299,000 in projects focused on the development and acquisition of new products. We feel this expenditure for design and development engineering, testing, and certification of new products is required to grow Aerospace Products and help stabilize our long-term revenue and enhance our profits.

We are excited about the future. Management and all employees are focused on the development of new products, execution of our numerous business development opportunities as well as increasing revenue while managing costs. We believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:
Revenue from Professional Services decreased 2% for the three months ended July 31, 2016 to $7.5 million compared to $7.6 million in the three months ended July 31, 2015. Costs of Professional Services remained constant in the three months ended July 31, 2016 at $4.5 million compared to $4.5 million the three months ended July 31, 2015. Costs were 60% of segment total revenues in the three months ended July 31, 2016, as compared to 59% of segment total revenues in the three months ended July 31, 2015. Expenses decreased 6% in the three months ended July 31, 2016 to $2.5 million compared to $2.7 million in the three months ended July 31, 2015. Expenses were 34% of segment total revenues in the three months ended July 31, 2016, as compared to 35% of segment total revenues in the three months ended July 31, 2015. Operating income from Professional Services increased 3% to $445,000 in in the three months ended July 31, 2016 from $430,000 in the three months ended July 31, 2015.

Aerospace Products:
Revenue from Aerospace Products decreased 5% to $3.9 million in the three months ended July 31, 2016, compared to $4.1 million in the three months ended July 31, 2015. Costs of Aerospace Products decreased by 8% in the three months ended July 31, 2016 to $2.9 million compared to $3.1 million for the three months ended July 31, 2015. Costs were 73% of segment total revenue in the three months ended July 31, 2016, as compared to 76% of segment total revenue in the three months ended July 31, 2015. Expenses decreased 26% in the three months ended July 31, 2016 to $769,000 compared to $1.0 million in the three months ended July 31, 2015. Expenses were 20% of segment total revenue in the three months ended July 31, 2016, as compared to 26% of segment total revenue in the three months ended July 31, 2015. Aerospace Products had an operating profit of $266,000 in the three months ended July 31, 2016 compared to an operating loss of $69,000 in the three months ended July 31, 2015.

Costs related to Professional Services and Aerospace Products include the cost of engineering, labor, materials, equipment utilization, control systems, security and occupancy. Expenses related to Professional Services and Aerospace Products include marketing and advertising, employee benefits, depreciation and amortization, and general, administrative and other expenses.

Backlog:
As of July 31, 2016 our backlog totaled approximately $10.7 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:
Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:



David Drewitz, Public [e-mail]

www.creativeoptionscommunications.com



Ph [phone]







Butler National Corporation Investor Relations

Ph [phone]



THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-first-quarter-financial-results-and-conference-call-300328383.html

SOURCE Butler National Corporation

[ProfitScout]

Butler National Announces Learjet 35/36 and Learjet 24/25 STC for ADS-B Compliance

OLATHE, Kan., Aug. 3, 2016 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces Federal Aviation Administration ("FAA") Supplemental Type Certificate ("STC") approval to install the Butler National ADS-B(Out) avionics solution into the Learjet Model 24/25 and Learjet Model 35/36 series airplanes.

The FAA STC approval, STC Number ST02230SE, provides for an ADS-B(Out) solution by retrofit of the two existing transponders with the Garmin GTX-345R [ADS-B(In) and (Out)] or GTX-335R [ADS-B(Out)] transponders and installation of the GTN 625, 725, 650 or 750 Navigator/GPS/SBAS WAAS for real time aircraft location. The Learjet 20 and 30 Series offering expands the Butler Learjet Model 60 ADS-B offering (STC ST02455SE).

The ADS-B equipment mandate in the United States is set for January 1, 2020. The Butler National ADS-B solutions are now available for the Learjet 60, Learjet 35/36 and the Learjet 24/25 series airplanes. The approved installations allow equipment variation for multiple levels of functionality for the operator in addition to ADS-B(Out) compliance. The Butler National Solution offers a cost-effective price point that coincides with functionality. The GTN installation may also provide full WAAS/LPV coupled approach capability as well as roll-steering guidance to the autopilot. The GTX-345R installation offers ADS-B(In) functionality on applications for portable electronic devices, such as the iPad.

Mr. Clark Stewart, President and Chief Executive Officer of Butler National Corporation commented, "The Butler National ADS-B(Out) STC solutions offer very useful upgrades for navigation and communication in addition to ADS-B(Out) compliance. I am confident that operators will also find the ADS-B(In) information very useful with the GTX-345R installation."

Mr. Stewart added: "Butler National is pleased to offer this Lear 20 and 30 Series ADS-B(Out) Solution in addition to the Butler National Lear 60 ADS-B(Out) Solution. We have taken on the opportunity to allow Learjet operators compliance with the ADS-B(Out) requirements well in advance of the 2020 deadline. We have received considerable operator interest in the solutions and have scheduled installation slots into late 2016. We are moving forward with adding the Learjet Model 31/31A and Learjet Model 55 to the STC as well as offering TCAS II-compatible solutions. With our subsidiary, Avcon Industries, we offer the flexibility of combining aircraft maintenance, such as A or B inspections, along with the ADS-B retrofit. Butler continues its efforts to be a 'go-to source' for legacy Learjet Solutions. This ADS-B STC solution is one more example of the Butler commitment to the Learjet aircraft."

For technical information or to schedule a modification for one of the ADS-B solutions, please contact Butler Avionics, Inc. at [phone].

Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public [e-mail]

http://www.creativeoptionsmarketing.com


Ph [phone]



Butler National Corporation Investor Relations

Ph [phone]



THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-announces-learjet-3536-and-learjet-2425-stc-for-ads-b-compliance-300308603.html

SOURCE Butler National Corporation

[ProfitScout]

Butler National Corporation Reports Fourth Quarter And Fiscal Year End Financial Results And Conference Call

OLATHE, Kan., July 28, 2016 /PRNewswire/ -- Butler National Corporation (OTC QB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the fourth quarter fiscal 2016 and year ended April 30, 2016. In conjunction with the release, the Company has scheduled a conference call Friday, July 29, 2016 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Fourth Quarter and Fiscal Year-End Results Conference Call

When: Friday, July 29, 2016 - 9:00AM Central Daylight Time

How: Live via phone by dialing 877-358- 7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corporation, will be leading the call and discussing results of the fourth quarter and fiscal year-end financial results, the status of existing and new business, and an outlook for fiscal 2017.

Historical selected financial data related to all operations:


Year Ended April 30




Quarter Ended April 30



(In thousands except per share data)


(In thousands except per share data)



2016

2015


2016

2015

Net Revenue

$ 44,794

$ 47,062


$ 11,925

$ 11,836

Operating Income

622

1,319


418

(389)

Net Income (Loss)

24

27


381

(322)

Total Assets

42,697

41,598


42,697

41,598

Long-term Obligations

5,218

6,870


5,218

6,870

Stockholders' Equity

26,098

25,402


26,098

25,402

Weighted Average Shares – Diluted

63,467

62,260


63,467

62,260

Diluted Earnings per Share

0.00

0.00


0.01

(0.01)

New Product Research and Development Cost

1,838

2,048


515

828



Management Comments:

"Fiscal 2016 was a challenging period for Butler National Corporation. Revenue decreased 5% to $44.8 million in fiscal 2016 from $47.1 million in fiscal 2015. Revenue from Professional Services decreased 3% and revenue from Aerospace Products decreased 8%. Butler National Corporation continues to focus on growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

Fiscal 2016 net income was $24,000 compared to a net income of $27,000 in fiscal 2015. Fiscal 2016 operating margin was 2% compared to a 3% operating margin in fiscal 2015. We continue to work to improve efficiencies in our implementation and operational processes and controlling general and administrative expenses.

The fourth quarter of fiscal 2016 was a positive quarter for Butler National Corporation. Revenue increased 1% to $11.9 million in fourth quarter fiscal 2016, as compared to $11.8 million in fourth quarter fiscal 2015. The fourth quarter of fiscal 2016 resulted in a net income of $381,000 compared to a net loss of $322,000 in fourth quarter fiscal 2015. Backlog has increased to $11.8 million at July 22, 2016 compared to a backlog of $7.6 million at April 30, 2016.

During fiscal 2016, we invested approximately $1.8 million in projects focused on product development of new products. We feel these expenditures for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

This is an exciting time for Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing costs. We believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:
Revenue from Professional Services decreased 3% to $29.8 million in fiscal 2016 from $30.8 million in fiscal 2015. Costs decreased 5% in fiscal 2016 to $17.9 million compared to $18.8 million in fiscal 2015. Expenses increased 1% in fiscal 2016 to $10.3 million compared to $10.2 million fiscal 2015. Operating income from Professional Services decreased 11% to $1.6 million in fiscal 2016 compared to $1.8 million in fiscal 2015.

Aerospace Products:
Revenue decreased 8% to $15.0 million in fiscal 2016 compared to $16.3 million in fiscal 2015. In an effort to offset decreased domestic military spending, the Company has invested in the development of several supplemental type certificates (STCs). These STCs involve state-of-the-art avionics and solutions to solve obsolescence issues. We are aggressively marketing these STCs both domestically and internationally. Costs decreased 4% to $12.2 million in fiscal 2016 compared to $12.7 million in fiscal 2015. Expenses decreased 6% in fiscal 2016 to $3.8 million compared to $4.1 million in fiscal 2015. Aerospace Products had an operating loss of $975,000 in fiscal 2016 compared to an operating loss of $475,000 in fiscal 2015.

Costs related to Professional Services and Aerospace Products include the cost of engineering, labor, materials, equipment utilization, control systems, security and occupancy. Expenses related to Professional Services and Aerospace Products include marketing and advertising, employee benefits, depreciation and amortization, general and administrative and other expenses.

Backlog:
As of April 30, 2016, our backlog totaled approximately $7.6 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. As of July 22, 2016, our backlog totaled approximately $11.8 million. This is consistent with the industry in which modification services and related contracts may take several months, and sometimes years, to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations

Ph [phone]

[e-mail]


http://www.creativeoptionscommunications.com


Butler National Corporation Investor Relations

Ph [phone]


THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-reports-fourth-quarter-and-fiscal-year-end-financial-results-and-conference-call-300305454.html

SOURCE Butler National Corporation

[stocktrademan]

$BUKS recent news/filings

bullish 0.18

$BUKS charts

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$BUKS company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/BUKS/company-info
Ticker: $BUKS

$BUKS extra dd links

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=BUKS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=BUKS+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=BUKS+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/BUKS/news - http://finance.yahoo.com/q/h?s=BUKS+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/BUKS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/BUKS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=BUKS+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/BUKS

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/BUKS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/BUKS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/BUKS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=BUKS&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=BUKS
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/BUKS/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=BUKS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=BUKS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=BUKS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=BUKS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=BUKS+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/BUKS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=BUKS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/BUKS.BUKS
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=BUKS
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/BUKS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/BUKS/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/BUKS
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/BUKS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/BUKS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=BUKS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BUKS

[ProfitScout]

Butler National's (BUKS) CEO Clark Stewart on Q3 2016 Results - Earnings Call Transcript

Mar. 21, 2016 11:51 AM ET

Link:
http://seekingalpha.com/article/3959945-butler-nationals-buks-ceo-clark-stewart-q3-2016-results-earnings-call-transcript

[ProfitScout]

Butler National Corporation Announces Third Quarter And Nine Months Fiscal Year 2016 Financial Results And Conference Call

Revenue from Aerospace Products Increased 27% to $4.2 Million

OLATHE, Kan., March 16, 2016 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leader in the global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the third quarter and nine months ended January 31, 2016. In conjunction with the release, the Company has scheduled a conference call Monday, March 21, 2016 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Third Quarter Fiscal 2016 Financial Results Conference Call

When: Monday, March 21, 2016 - 9:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time. For those who cannot attend the call, an audio replay will be archived on the Company's web site (www.butlernational.com).

Clark D. Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter and nine months, the status of the aerospace backlog, gaming activities and an outlook on the balance of fiscal 2016.



Historical selected financial data related to all operations:



Quarter Ended January 31

Nine Months Ended January 31




(In thousands)

(In thousands)




2016

2015

2014

2016

2015

2014



Net Sales

$ 11,067

$ 11,083

$ 10,844

$ 32,869

$ 35,226

$ 32,639



Operating Income (Loss)

442

535

18

203

1,708

(38)



Net Income (Loss)

102

68

(219)

(357)

350

(853)



Total Assets

41,575

41,633

41,115

41,575

41,633

41,115



Long-term Obligations

5,005

5,211

7,665

5,005

5,211

7,665



Stockholders' Equity

25,115

25,094

22,858

25,115

25,094

22,858



Weighted Average Shares – Diluted

62,260

60,893

59,019

62,260

60,893

59,019



New Product Research and Development Cost

386

461

526

1,323

1,220

1,569









Management Comments

"The fiscal quarter ending January 31, 2016 was an encouraging period for Butler National Corporation. Revenue remained constant at $11.1 million in the three months ended January 31, 2016, as compared to the three months ended January 31, 2015. Professional services revenue decreased 12% while Aerospace products revenue increased 27%.

The decrease in professional services revenue was a result of a decrease in gaming activity at the Stables Casino and Boot Hill Casino and Resort. The increase in aerospace products revenue was a result of an increase in the modification business. Butler National Corporation is continuing to work to drive growth in international markets, including significant efforts in South America, Europe, Africa, and Asia.

The third quarter of fiscal 2016 resulted in a net income of $102,000 compared to a net income of $68,000 in the third quarter fiscal 2015. Butler National Corporation continues to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses.

During the three months ending January 31, 2016, we invested approximately $386,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

We believe fiscal quarter-ended January 31, 2016 was a successful period for Butler National Corporation. We are encouraged by the recent performance of aerospace products. Aerospace Products continues to experience fluctuations in demand and profitability, however the backlog continues to remain strong. Our entire team is focused on executing our numerous business development opportunities as well as increasing revenue while managing costs. We believe we are positioned for the future, focused on serving the needs of our customers and dedicated to enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:

Revenue from Professional Services decreased 12% to $6.9 million in the three months ended January 31, 2016, compared to $7.8 million for the three months ended January 31, 2015. The decrease in professional services revenue was driven by decreased revenue in gaming activities. Operating income from professional services decreased to $275,000 in the three months ended January 31, 2016 from $528,000 in the three months ended January 31, 2015.

Aerospace Products:

Revenue increased 27% to $4.2 million in the three months ended January 31, 2016, compared to $3.3 million in the three months ended January 31, 2015. This increase is primarily attributable to increased revenue of $602 in the modification business. Aerospace products had an operating income of $167,000 in the three months ended January 31, 2016 compared to an operating income of $7,000 in the three months ended January 31, 2015.

Backlog:

As of January 31, 2016 our backlog totaled approximately $8.9 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.


FOR MORE INFORMATION, CONTACT:


David Drewitz, Public Relations

Ph [phone]

[e-mail]


http://www.creativeoptionscommunications.com


Butler National Corporation Investor Relations

Ph [phone]


THE WORLDWIDE WEB:
Please visit www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.


To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-third-quarter-and-nine-months-fiscal-year-2016-financial-results-and-conference-call-300237163.html

SOURCE Butler National Corporation

[ProfitScout]

Avcon Learjet 20 Series Noise Solution Includes All 24 and 25 Models

NEWTON, Kan., Dec. 23, 2015 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces the Avcon Industries, Inc. expands its Noise Suppression (hush kit) solution for Learjet XR Model 20 Series airplanes. Avcon STC No. ST01733WI now includes all model 24 and 25 series with all wing types, including the straight wing, Mark II, XR and Century III. The Avcon installation does not restrict the FAA certified Maximum Operating Altitude of 41,000, 45,000 or 51,000 feet.

With the only days from the deadline for noise compliance for Lear 20 series business jets, Avcon Industries expanded its solution to keep these planes flying to include the Learjet Model 20 Series airplanes with the XR Modification.

The FAA Modernization and Reform Act of 2012 contains provisions that ban operation of a number of aircraft models with noise levels above established limits (Stage 3) as of December 31, 2015. The Learjet 20 series airplanes are included aircraft. The engine-mounted Avcon Stage 3 hush kit incorporated with other unique features allows the Learjet 20 series airplanes to comply with the government-mandated Stage 3 noise restrictions that go into effect in December 2015. There were over 700 Learjet 20 series airplanes manufactured with many still in service.

Approximately two years ago, Avcon employed its in-depth knowledge and experience working on Learjets to obtain Federal Aviation Administration Supplemental Type Certificate (STC No. ST01733WI) approval of the Avcon hush kit/Noise Suppressor installation on the Learjet Model 24 and 25 series airplanes. In the many years that the Learjet 20 series airplanes were manufactured, there were a number of variations to the airplane such as the XR Wing Modification. Avcon has installed the Avcon hush kit on its Learjet Model 24XR airplane and successfully demonstrated operation to 45,000. The Learjet 20 series aircraft with the XR Wing have been added to STC Approved Models List. All of the Learjet 20 Series aircraft are approved to operate to the respective service ceiling with no impact as a result of the hush kit installation.

Management Comments

"The Learjet 20 series airplanes were one of the first business jets. The mandate to comply with stage three noise restrictions would have effectively grounded the entire fleet of Learjet 20 series. Avcon has a cost-effective STC approved Stage 3 noise compliance solution." commented Clark D. Stewart, CEO.

Mr. Stewart added: "Avcon has noise compliance kits available for installation. We now also offer a WAAS Approach GARMIN avionics upgrade and an ADS-B(Out) avionics solution STC approved for these airplanes. We are committed to the long-term support of these Learjet 20 Series 'Workhorse Aircraft'. Our goal is to supply cost-effective solutions to these owners who would like to continue to fly their Learjet airplanes."

Our Business:
Avcon Industries, Inc. is a wholly-owned subsidiary of Butler National Corporation. Butler National operates in the Aerospace business segment. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:
Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations

Ph [phone]

[e-mail]

http://www.creativeoptionsmarketing.com


Butler National Corporation Investor Relations

Ph [phone]



THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.



To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/avcon-learjet-20-series-noise-solution-includes-all-24-and-25-models-300196824.html

SOURCE Butler National Corporation

[ProfitScout]

Butler National Corporation Announces Second Quarter and Six Months Fiscal Year 2016 Financial Results and Conference Call

OLATHE, Kan., Dec. 15, 2015 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the second quarter and six months fiscal 2016 for the period ended October 31, 2015. In conjunction with the release, the Company has scheduled a conference call Friday, December 18, 2015 at 9:00 AM Central Standard Time.

What: Butler National Corporation Second Quarter Fiscal 2016 Conference Call

When: Friday, December 18, 2015 - 9:00 AM Central Standard Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time. For those who cannot attend the call, an audio replay will be archived on the Company's web site (www.butlernational.com).

Clark D. Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the second quarter, the status of new and existing orders, and an outlook on the balance of fiscal 2016.

Historical selected financial data related to all operations:


Quarter Ended October 31

Six Months Ended October 31


(In thousands)

(In thousands)


2015

2014

2013

2015

2014

2013

Net Sales

$ 10,106

$ 11,752

$ 10,799

$ 21,802

$ 24,143

$ 21,795

Operating Income (Loss)

(599)

367

(198)

(239)

1,173

(55)

Net Income (Loss)

(478)

29

(345)

(459)

282

(634)

Total Assets

41,098

40,373

42,457

41,098

40,373

42,457

Long-term Obligations

5,497

5,228

8,571

5,497

5,228

8,571

Stockholders' Equity

24,834

24,805

23,081

24,834

24,805

23,081

Weighted Average Shares – Diluted

62,260

60,893

59,019

62,260

60,893

59,019

New Product Research and Development Cost

382

354

486

937

759

1,043








Management Comments

"The fiscal quarter-ended October 31, 2015 was a challenging period for Butler National Corporation. Revenue decreased 14% to $10.1 million in the three months ended October 31, 2015, as compared to $11.8 million in the three months ended October 31, 2014. The decrease in revenue reflects a decrease in Aerospace Products revenue (down 36%) and a decrease in Professional Services revenue (down 2%). Butler National Corporation continues efforts to drive growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

Second quarter fiscal 2016 resulted in a net loss of $478,000 compared to a net income of $29,000 in the second quarter fiscal 2015. The decrease in net income was primarily due to a decrease in revenue in Aerospace Products. Butler National Corporation is working to exceed previous revenue levels while continuing to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses.

During the three months ending October 31, 2015, we invested approximately $382,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

This is a challenging but exciting time for Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing and controlling costs. We continue to believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:

Revenue from Professional Services decreased 2% to $7.3 million in the three months ended October 31, 2015, compared to $7.5 million for the three months ended October 31, 2014. Operating income from professional services decreased to an operating income of $32,000 in the three months ended October 31, 2015 compared with an operating income of $397,000 in the three months ended October 31, 2014.

Aerospace Products:

Revenue decreased 36% to $2.8 million in the three months ended October 31, 2015, compared to $4.3 million in the three months ended October 31, 2014. This decrease is primarily attributable to decreased revenue of $1.2 million in the modification business. Aerospace products had an operating loss of $631,000 in the three months ended October 31, 2015 compared to an operating loss of $30,000 in the three months ended October 31, 2014. We are working to overcome this volatility by increasing marketing efforts in international markets and continuing to diversify product offerings.

Backlog:

As of October 31, 2015, our backlog totaled approximately $10.3 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations

Ph [phone]

[e-mail]


http://www.creativeoptionsmarketing.com



Butler National Corporation Investor Relations

Ph [phone]

THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-second-quarter-and-six-months-fiscal-year-2016-financial-results-and-conference-call-300193412.html

SOURCE Butler National Corporation

[ProfitScout]

Butler National Corporation Announces First Quarter Financial Results and Conference Call

OLATHE, Kan., Sept. 14, 2015 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces its financial results for the first quarter fiscal 2016 ended July 31, 2015. In conjunction with the release, the Company has scheduled a conference call Wednesday, September 16, 2014 at 9:00 AM Central Daylight Time.

What: Butler National Corporation First Quarter Fiscal 2016 Financial Results Conference Call

When: Wednesday, September 16, 2015 - 9:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2016.

Historical selected financial data related to all operations:




Quarter Ended July 31

Quarter Ended April 30




(In thousands)

(In thousands)




2015

2014

2013

2015

2014

2013



Net Revenue

$ 11,696

$ 12,391

$ 10,997

$ 11,836

$ 14,632

$ 12,326



Operating Income

361

806

143

(389)

1,958

38



Net Income (Loss)

19

252

(289)

(322)

965

225



Total Assets

40,463

41,450

43,908

41,598

41,678

43,860



Long-term Obligations

6,038

6,093

9,148

9,870

6,820

10,155



Stockholders' Equity

25,272

24,738

23,529

25,402

24,354

23,574



Weighted Average Shares –

Diluted

62,260

61,493

59,019

62,260

60,893

59,015



New Product Research and Development Cost

555

405

557

828

196

487


Management Comments

"The fiscal quarter-ended July 31, 2015 was a challenging period for Butler National Corporation. Revenue decreased 6% to $11.7 million in the three months ended July 31, 2015, as compared to $12.4 million in the three months ended July 31, 2014. The decrease in revenue reflects a decrease in Aerospace Products revenue (down 14%) and relatively unchanged revenue in Professional Services. Butler National Corporation continues to drive growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

First quarter fiscal 2016 resulted in a net income of $19,000 compared to a net income of $252,000 in the first quarter fiscal 2015. The decrease in net income was primarily due to the decreased revenue in the aircraft modification business. Butler National Corporation is working on exceeding previous revenue levels while continuing to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling expenses.

During the three months ending July 31, 2015, we invested approximately $555,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products is required to grow Aerospace Products and may help stabilize our long-term revenue and enhance our profits.

We continue to be excited about the future. Management and all employees are focused on the development of new products, execution of our numerous business development opportunities as well as increasing revenue while managing costs. We believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:
Revenue from Professional Services remained constant at $7.6 million in the three months ended July 31, 2015 compared to $7.6 million in the three months ended July 31, 2014. Costs of Professional Services decreased 1% in the three months ended July 31, 2015 to $4.5 million compared to $4.6 million the three months ended July 31, 2014. Costs were 59% of segment total revenues in the three months ended July 31, 2015, as compared to 60% of segment total revenues in the three months ended July 31, 2014. Expenses increased 2% in the three months ended July 31, 2015 to $2.7 million compared to $2.6 million in the three months ended July 31, 2014. Expenses were 35% of segment total revenues in the three months ended July 31, 2015, as compared to 34% of segment total revenues in the three months ended July 31, 2014. Operating income from Professional Services decreased 3% to $430,000 in in the three months ended July 31, 2015 from $443,000 in the three months ended July 31, 2014.

Aerospace Products:
Revenue from Aerospace Products decreased 14% to $4.1 million in the three months ended July 31, 2015, compared to $4.8 million in the three months ended July 31, 2014. In an effort to offset decreased domestic military spending, the company has invested in the development of new supplemental type certificates (STCs). These STCs are for installation of state of the art avionics and we are aggressively marketing these products both domestically and internationally. Costs of Aerospace Products decreased by 11% in the three months ended July 31, 2015 to $3.1 million compared to $3.5 million for the three months ended July 31, 2014. Costs were 76% of segment total revenue in the three months ended July 31, 2015, as compared to 73% of segment total revenue in the three months ended July 31, 2014. Expenses increased 15% in the three months ended July 31, 2015 to $1,040 compared to $906 in the three months ended July 31, 2014. Expenses were 26% of segment total revenue in the three months ended July 31, 2015, as compared to 19% of segment total revenue in the three months ended July 31, 2014. Aerospace Products had an operating loss of $69,000 in the three months ended July 31, 2015 compared to an operating profit of $363,000 in the three months ended July 31, 2014.

Costs related to Professional Services and Aerospace Products include the cost of engineering, labor, materials, equipment utilization, control systems, security and occupancy. Expenses related to Professional Services and Aerospace Products include marketing and advertising, employee benefits, depreciation and amortization, and general, administrative and other expenses.

Backlog:
As of September 1, 2015 our backlog totaled approximately $9.3 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:
Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations

Ph [phone]

[e-mail]


http://www.creativeoptionsmarketing.com


Butler National Corporation Investor Relations

Ph [phone]

THE WORLDWIDE WEB:
Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-first-quarter-financial-results-and-conference-call-300142625.html

SOURCE Butler National Corporation

[ProfitScout]

Butler National Corporation Reports Fourth Quarter And Fiscal Year End Financial Results And Conference Call

OLATHE, Kan., July 29, 2015 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the fourth quarter fiscal 2015 and year ended April 30, 2015. In conjunction with the release, the Company has scheduled a conference call Thursday, July 30, 2015 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Fourth Quarter and Fiscal Year-End Results Conference Call

When: Thursday, July 30, 2015 - 9:00AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corporation, will be leading the call and discussing results of the fourth quarter and fiscal year-end financial results, the status of existing and new business, and an outlook for fiscal 2016.

Historical selected financial data related to all operations:


Year Ended April 30

Quarter Ended April 30


(In thousands except per share data)

(In thousands except per share data)


2015

2014

2013

2015

2014

2013

Net Revenue

$ 47,062

$ 47,271

$ 49,152

$ 11,836

$ 14,632

$ 12,326

Operating Income

1,319

1,921

1,503

(389)

1,958

38

Net Income (Loss)

27

112

(148)

(322)

965

225

Total Assets

41,598

41,678

43,860

41,598

41,678

43,860

Long-term Obligations

6,870

6,820

10,155

6,870

6,820

10,155

Stockholders' Equity

25,402

24,354

23,574

25,402

24,354

23,574

Weighted Average Shares – Diluted

62,260

60,893

59,015

62,260

60,893

59,015

Diluted Earnings per Share

0.00

0.00

0.00

(0.01)

0.02

0.00

New Product Research and Development Cost

2,048

1,765

1,755

828

196

487

















Management Comments:

"Fiscal 2015 was a challenging period for Butler National Corporation. Revenue remained constant at $47.1 million in fiscal 2015, as compared to $47.3 million in fiscal 2014. Revenue from both Professional Services and Aerospace Products remained relatively constant. Butler National Corporation continues to drive growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

Fiscal 2015 net income was $27,000 compared to a net income of $112,000 in fiscal 2014. The decrease in net income was primarily due to lower margin product mix and weaker demand in Aerospace Products. Fiscal 2015 operating margin was 3% compared to a 4% operating margin in fiscal 2014. We continue to work to improve efficiencies in our implementation and operational processes and controlling general and administrative expenses.

The fourth quarter of fiscal 2015 was a difficult quarter for Butler National Corporation. Revenue decreased 19% to $11.8 million in fourth quarter fiscal 2015, as compared to $14.6 million in fourth quarter fiscal 2014. The fourth quarter of fiscal 2015 resulted in a net loss of $322,000 compared to a net income of $965,000 in fourth quarter fiscal 2014. This was primarily due to a decrease in demand in Aerospace Products compared to extremely high demand in fourth quarter fiscal 2014.

During fiscal 2015, we invested approximately $2.0 million in projects focused on product development of new products to address various federal agency requirements in multiple countries and address continued support of legacy aircraft. We feel these expenditures for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

This is an exciting time for Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing costs. We believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:
Revenue from Professional Services decreased less than 1% to $30.8 million in fiscal 2015 from $31.0 million in fiscal 2014. Costs remained constant in fiscal 2015 at $18.8 million compared to $18.8 million in fiscal 2014. Expenses decreased 2% in fiscal 2015 to $10.2 million compared to $10.4 million fiscal 2014. Operating income from Professional Services, before minority interest, remained constant in fiscal 2015 at $1.8 million compared to $1.8 million in fiscal 2014.

Aerospace Products:
Revenue was $16.3 million in fiscal 2015 compared to $16.2 million in fiscal 2014. In an effort to offset decreased domestic military spending, the Company has invested in the development of several supplemental type certificates (STCs). These STCs involve state-of-the-art avionics and solutions to solve obsolescence issues. We plan to aggressively market these STCs both domestically and internationally.

We received FAA approvals of a number of products: These include the newly redesigned rate gyroscope for Learjets, the replacement vertical accelerometer safety device that resolves obsolescence as a key component of the legacy Learjet stall warning systems, the addition of the GARMIN GTN 650/750 Global Position System Navigator with Communication transceiver in the Learjet Model 30 series and 20 series, the new cargo/sensor carrying pod that mounts to the bottom of a King Air Model 90 aircraft, the provisions for external stores on a Learjet Model 60 to enable the 60 for consideration as the next Learjet candidate for special mission operations; and the noise suppression for Learjet 20 series aircraft.

Costs increased 4% to $12.7 million in fiscal 2015 compared to $12.1 million in fiscal 2014. Costs were 78% of segment total revenue in fiscal 2015, as compared to 74% of segment total revenue in fiscal 2014. Expenses increased 1% in fiscal 2015 to $4.1 million compared to $4.0 million in fiscal 2014. Expenses were 25% of segment total revenue in fiscal 2015 and fiscal 2014. Aerospace Products had an operating loss of $475,000 in fiscal 2015 compared to an operating income of $103,000 in fiscal 2014.

Costs related to Professional Services and Aerospace Products include the cost of engineering, labor, materials, equipment utilization, control systems, security and occupancy. Expenses related to Professional Services and Aerospace Products include marketing and advertising, employee benefits, depreciation and amortization, general and administrative and other expenses.

Backlog:
As of April 30, 2015, our backlog totaled approximately $9.1 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. As of July 3, 2015, our backlog totaled approximately $9.4 million. This is consistent with the industry in which modification services and related contracts may take several months, and sometimes years, to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein. Other unforeseen factors not identified herein could also have such an effect. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time.

FOR MORE INFORMATION, CONTACT: David Drewitz, Public Relations Ph [phone] [e-mail] www.creativeoptionscommunications.com Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-reports-fourth-quarter-and-fiscal-year-end-financial-results-and-conference-call-300120601.html

SOURCE Butler National Corporation

[ProfitScout]

Butler National's (BUKS) CEO Clark Stewart on Q4 2015 Results - Earnings Call Transcript

Jul. 31, 2015 12:04 PM ET

Link:
http://seekingalpha.com/article/3382675-butler-nationals-buks-ceo-clark-stewart-on-q4-2015-results-earnings-call-transcript

[ProfitScout]

Butler National Corporation Announces Special Mission Beechcraft C90 Cargo POD STC

OLATHE, Kan., June 18, 2015 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial, and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces that its subsidiary, Avcon Industries, Inc., has received Federal Aviation Administration ("FAA") approval of the addition of a fuselage pod on a Beechcraft C90B enhancing its Intelligence Surveillance and Reconnaissance (ISR) capabilities.

The FAA Supplemental Type Certificate ("STC") approval, STC Number ST01746CE, allows the mounting of the external pod/baggage compartment on the bottom of the C90 fuselage. The unique low profile design is capable of carrying 300 pounds of cargo, or configured for installation of various sensors or cameras for special mission surveillance or ISR operations. The pod has the potential to house up to a twenty-inch EO/IR sensor. With no exposed sensors, the pod does NOT significantly increase drag, based on FAA flight testing results.

Mr. Clark Stewart, President and Chief Executive Officer of Butler National Corporation said, "Avcon is pleased to offer customers the fuselage pod option for the C90. This allows customers to increase the utility of their airplane for various missions particularly in the ISR marketplace. We plan on adding additional King Air models to the STC including multiple sensor options in the near future."

Our Business:Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:


David Drewitz, Public Relations

Ph [phone]

[e-mail]


http://www.creativeoptionsmarketing.com



Butler National Corporation Investor Relations

Ph [phone]

THE WORLDWIDE WEB:Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.



To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-special-mission-beechcraft-c90-cargo-pod-stc-300101502.html

SOURCE Butler National Corporation

[ProfitScout]

Butler National Corporation Announces Refinancing Of $5.5 Million Of Casino Debt

OLATHE, Kan., May 4, 2015 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces that its subsidiary, BHCMC, LLC, has completed a $5.5 Million debt refinancing transaction.

The Butler National subsidiary BHCMC, LLC manages the Boot Hill Casino & Resort. Butler National shares ownership of BHCMC with BHC Investment Company, LC, not related to Butler National. BHC Investment provided BHCMC with debt financing for the opening and the completion of the phase II expansion of the Boot Hill Casino & Resort. The refinancing paid off the BHC Investment debt, decreased the effective interest rate approximately ten points for a term of five years, paid refinancing expenses and provided additional working capital.

Mr. Clark Stewart, President and Chief Executive Officer of Butler National Corporation said, "We are pleased to complete the refinancing transaction and appreciate the cooperation of KS State Bank. This transaction should positively contribute to the continuing efforts to make BHCMC more efficient."

Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:
Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:
David Drewitz, Public Relations Ph [phone]
[e-mail] http://www.creativeoptionsmarketing.com

Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-refinancing-of-55-million-of-casino-debt-300076817.html

SOURCE Butler National Corporation

[ProfitScout]

BUKS is looking good in 2015. The stock price has about doubled so far. The key is good news flow from the company. BUCKS management is doing a pretty good job here. This is another very good example of how well small OTC stocks can reward investors who are paying attention and have the necessary patience.

[ProfitScout]

Butler National Corporation Announces Third Quarter and Nine Months Fiscal Year 2015 Financial Results and Conference Call

Revenue from Professional Services Increased 11% to $7.8 Million

OLATHE, Kan., March 17, 2015 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC Pink: BUKS), a leader in the global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the third quarter and nine months ended January 31, 2015. In conjunction with the release, the Company has scheduled a conference call Thursday, March 19, 2015 at 10:00 AM Central Daylight Time.

What: Butler National Corporation Third Quarter Fiscal 2015 Financial Results Conference Call

When: Thursday, March 19, 2015 - 10:00 AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time. A replay of the conference call will be available on the Company's web site.

Clark D. Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter and nine months, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2015.

Historical selected financial data related to all operations:
Quarter Ended January 31 Nine Months Ended January 31
(In thousands) (In thousands)
2015 2014 2013 2015 2014 2013
Net Sales $ 11,083 $ 10,844 $ 10,651 $ 35,226 $ 32,639 $ 36,826
Operating Income (Loss) 535 18 (519) 1,708 (38) 1,465
Net Income (Loss) 68 (219) (755) 350 (853) (373)
Total Assets 41,633 41,115 44,321 41,633 41,115 44,321
Long-term Obligations 5,211 7,665 9,676 5,211 7,665 9,676
Stockholders' Equity 25,094 22,858 20,413 25,094 22,858 20,413
Weighted Average Shares - Diluted 60,893 59,019 57,543 60,893 59,019 57,538
New Product Research and Development Cost 461 526 471 1,220 1,569 1,268

Management Comments
"The fiscal quarter ending January 31, 2015 was an encouraging period for Butler National Corporation. Revenue increased 2% to $11.1 million in the three months ended January 31, 2015, as compared to $10.8 million in the three months ended January 31, 2014. The quarter to quarter increase in revenue reflects an increase in professional services revenue (up 11%) and a decrease in aerospace products revenue (down 14%).

Professional services revenue was positively impacted by the Boot Hill Casino motor coach program. The motor coach program has resumed and we are continuing to see an impact as we continue through fiscal year 2015.

The decrease in aerospace products revenue was a result of a decrease in the modification business. Butler National Corporation is continuing to work to drive growth in international markets, including significant efforts in South America, Europe, Africa, and Asia.

The third quarter of fiscal 2015 resulted in a net income of $68,000 compared to a net loss of $219,000 in the third quarter fiscal 2014. Butler National Corporation is working on returning to and exceeding previous revenue and profitability levels by focusing on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses.

During the three months ending January 31, 2015, we invested approximately $461,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

We believe fiscal quarter-ended January 31, 2015 was a successful period for Butler National Corporation. We are encouraged by the recent performance of professional services. Aerospace products continues to experience fluctuations in demand and profitability, however the backlog continues to remain strong. Our entire team is focused on executing our numerous business development opportunities as well as increasing revenue while managing costs. We believe we are positioned for the future, focused on serving the needs of our customers and dedicated to enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:

Revenue from professional services increased 11% to $7.8 million in the three months ended January 31, 2015 compared to $7.0 million in the three months ended January 31, 2014. The increase in professional services revenue was driven by increased revenue in gaming activities. Operating income from professional services increased to $528,000 in the three months ended January 31, 2015 from $106,000 in the three months ended January 31, 2014.

Aerospace Products:

Revenue decreased 14% to $3.3 million in the three months ended January 31, 2015 compared to $3.9 million in the three months ended January 31, 2014. Aerospace products had an operating income of $7,000 in the three months ended January 31, 2015 compared to an operating loss of $88,000 in the three months ended January 31, 2014.

Backlog:

As of January 31, 2015 our backlog totaled approximately $10.1 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations Ph [phone]
[e-mail]
www.creativeoptionsmarketing.com

Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB: Please visit http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-third-quarter-and-nine-months-fiscal-year-2015-financial-results-and-conference-call-300051744.html

SOURCE Butler National Corporation

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-0-

KEYWORD: Kansas
INDUSTRY KEYWORD: ARO
AIR
SUBJECT CODE: ERN
CCA
FVT

[josherenius]

Grabbing some fresh opportunity while waiting for the next round.

[ProfitScout]

Butler National Corporation Announces New $5 Million Order

OLATHE, Kan., Feb. 10, 2015 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces its Tempe Arizona Division was awarded a contract for approximately $5 million from Orbital ATK, Inc., Mesa, AZ. (NYSE: OA).

The contract requires manufacturing of the Electronic Gun Control Products. Orbital ATK developed the Chain-Gun family of electronically controlled 7.62 mm to 30 mm cannons used on the Apache Helicopters and other US and Allied countries weapon systems.

Mr. Clark Stewart, President and Chief Executive Officer of Butler National Corporation said, "We are pleased to be awarded the contract from Orbital ATK and perform the manufacturing under our recently approved AS9100 certification. We appreciate the Orbital ATK confidence in our operations and value the Orbital ATK business. We expect the deliveries to start in fiscal 2015."

Butler's Tempe Arizona segment supplies defense and commercial aviation products to commercial and defense-oriented companies. Examples are Gun Control Units for the Apache and Blackhawk Helicopters and Hangfire Override Modules for Chain-Gun cannons, and various ordnance related firing controls, cabling and test equipment.

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. It is a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information: Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:
David Drewitz, Public Relations Ph [phone]
[e-mail]
http://www.creativeoptionsmarketing.com

Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-new-5-million-order-300033671.html

SOURCE Butler National Corporation

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-0-
KEYWORD: Kansas
Arizona
INDUSTRY KEYWORD: ARO
SUBJECT CODE: CON

[ProfitScout]

Butler National Corporation Announces Agreement With Bally Gaming

OLATHE, Kan., Feb. 3, 2015 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC Pink: BUKS) (the "Company") has reached an agreement with Bally Gaming, Inc. regarding Bally's outstanding judgment.

The Company's subsidiary BHCMC, LLC manages the Boot Hill Casino & Resort. BHCMC and BHC Development LC, the build-to-suit lease provider for the Dodge City lottery gaming facility, purchased a SDS/CMP casino management system prior to the opening of the Boot Hill Casino & Resort.

BHCMC and BHC Development filed a complaint against Bally Gaming in the United States District Court for the District of Kansas. After hearing the evidence, the jury rendered a verdict in favor of BHCMC and BHC Development in the amount of $1,423,542.27. Bally appealed the verdict. BHCMC and BHC Development have agreed to accept the sum of $1,323,542.27 in satisfaction of the judgment. BHCMC and BHC Development have further agreed to return to Bally its system-related equipment.

"We are pleased to continue our focus on our goal of attracting visitors to Dodge City and Southwest Kansas," commented Clark D. Stewart, President and CEO of Butler National Corporation.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. It is a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations Ph [phone]
[e-mail]
http://www.creativeoptionscommunications.com

Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

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SOURCE Butler National Corporation

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KEYWORD: Kansas
INDUSTRY KEYWORD: CNO
TRA
SUBJECT CODE: LAW

[ProfitScout]

Butler National Corporation Announces Second Quarter And Six Months Fiscal Year 2015 Financial Results And Conference Call

OLATHE, Kan., Dec. 15, 2014 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC Pink: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the second quarter and six months fiscal 2015 for the period ended October 31, 2014. In conjunction with the release, the Company has scheduled a conference call Tuesday, December 16, 2014 at 9:00 AM Central Standard Time.

What: Butler National Corporation Second Quarter Fiscal 2015 Conference Call

When: Tuesday, December 16, 2014 - 9:00 AM Central Standard Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time. For those who cannot attend the call, an audio replay will be archived on the Company's web site (www.butlernational.com).

Clark D. Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the second quarter, the status of new and existing orders, and an outlook on the balance of fiscal 2015.


Historical selected financial data related to all operations:

Quarter Ended October 31 Six Months Ended October 31
(In thousands) (In thousands)
2014 2013 2012 2014 2013 2012
Net Sales $ 11,752 $ 10,799 $ 13,152 $ 24,143 $ 21,795 $ 26,175
Operating Income (Loss) 367 (198) 700 1,173 (55) 1,985
Net Income (Loss) 29 (345) 114 282 (634) 382
Total Assets 40,373 42,457 45,288 40,373 42,457 45,288
Long-term Obligations 5,228 8,571 10,624 5,228 8,571 10,624
Stockholders' Equity 24,805 23,081 23,883 24,805 23,081 23,883
Weighted Average Shares - Diluted 60,893 59,019 57,546 60,893 59,019 57,546
New Product Research and Development Cost 354 486 425 795 1,043 797


Management Comments
"The fiscal quarter-ended October 31, 2014 was a successful period for Butler National Corporation. Revenue increased 9% to $11.8 million in the three months ended October 31, 2014, as compared to $10.8 million in the three months ended October 31, 2013. The increase in revenue reflects an increase in Aerospace Products revenue (up 31%) and a decrease in Professional Services revenue (down 1%). Butler National Corporation continues to drive growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

Second quarter fiscal 2015 resulted in a net income of $29,000 compared to a net loss of $345,000 in the second quarter fiscal 2014. The $374,000 increase in net income was primarily due to effectively managing costs and expenses. Butler National Corporation is working to exceed previous revenue levels while continuing to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses.

During the three months ending October 31, 2014, we invested approximately $354,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

This is an exciting time for Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing costs. We continue to believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:

Revenue from professional services decreased 1% to $7.5 million for the three months ended October 31, 2014 from $7.5 million in the three months ended October 31, 2013. Operating income from professional services increased to an operating income of $397,000 in the three months ended October 31, 2014 compared with an operating loss of $32,000 in the three months ended October 31, 2013.

Aerospace Products:

Revenue increased 31% to $4.3 million in the three months ended October 31, 2014, compared to $3.3 million in the three months ended October 31, 2013. Aerospace products had operating loss of $30,000 in the three months ended October 31, 2014 compared to operating loss of $166,000 in the three months ended October 31, 2013. We are working to overcome this volatility by increasing marketing efforts in international markets and continuing to diversify product offerings.

Backlog:

As of October 31, 2014, our backlog totaled approximately $5.9 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.



FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations Ph [phone]
[e-mail]
www.creativeoptionscommunications.com

Butler National Corporation Investor Relations Ph [phone]


THE WORLDWIDE WEB:Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
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KEYWORD: Kansas
INDUSTRY KEYWORD: OTC
ARO
SUBJECT CODE: ERN
CCA
FVT

[ProfitScout]

Butler National Corporation Announces First Quarter Financial Results and Conference Call

OLATHE, Kan., Sept. 15, 2014 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces its financial results for the first quarter fiscal 2015 ended July 31, 2014. In conjunction with the release, the Company has scheduled a conference call Wednesday, September 17, 2014 at 9:00 AM Central Daylight Time.

What: Butler National Corporation First Quarter Fiscal 2015 Financial Results Conference Call

When: Wednesday, September 17, 2014 - 9:00 AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2015. Historical selected financial data related to all operations:

Quarter Ended July 31 Quarter Ended April 30
(In thousands) (In thousands)
2014 2013 2012 2014 2013 2012
Net Revenue $ 12,391 $ 10,997 $ 13,023 $ 14,632 $ 12,326 $ 13,938
Operating Income 806 143 1,285 1,958 38 1,864
Net Income (Loss) 252 (289) 268 965 225 765
Total Assets 41,450 43,908 41,620 41,678 43,860 40,562
Long-term Obligations 6,093 9,148 8,386 6,820 10,155 8,678
Stockholders' Equity 24,738 23,529 23,544 24,354 23,574 22,604
Weighted Average Shares - Diluted 61,493 59,019 57,528 60,893 59,015 56,596
New Product Research and Development Cost 405 557 372 196 487 444

Management Comments
"The fiscal quarter-ended July 31, 2014 was a successful period for Butler National Corporation. Revenue increased 13% to $12.4 million in the three months ended July 31, 2014, as compared to $11.0 million in the three months ended July 31, 2013. The increase in revenue reflects a decrease in Professional Services revenue (down 8%) and an increase in Aerospace Products revenue (up 78%). Butler National Corporation continues to drive growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

First quarter fiscal 2015 resulted in a net income of $252,000 compared to a net loss of $289,000 in the first quarter fiscal 2014. The $541,000 increase in net income was primarily due to the resurgence in the aircraft modification business. Butler National Corporation is working on exceeding previous revenue levels while continuing to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses.

During the three months ending July 31, 2014, we invested approximately $405,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

This is an exciting time for Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing costs. We continue to believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:

Revenue from Professional Services decreased 8% to $7.6 million in the three months ended July 31, 2014 from $8.3 million in the three months ended July 31, 2013. Total costs and expenses decreased 5% in the three months ended July 31, 2014 to $7.2 million compared to $7.5 million the three months ended July 31, 2013. Total costs and expense were 94% of segment total revenues in the three months ended July 31, 2014, as compared to 90% of segment total revenues in the three months ended July 31, 2013. Operating income from Professional Services decreased 44% to $443,000 in in the three months ended July 31, 2014 from $792,000 in the three months ended July 31, 2013.

Aerospace Products:

Revenue from Aerospace Products increased 78% to $4.8 million in the three months ended July 31, 2014, compared to $2.7 million in the three months ended July 31, 2013. The company continues to invest in the development of new product supplemental type certificates (STCs). These STCs are state of the art avionics and we are aggressively marketing both domestically and internationally. Total costs and expenses increased 33% in the three months ended July 31, 2014 to $4.4 million compared to $3.3 million the three months ended July 31, 2013.Total costs and expenses were 92% of segment total revenue in the three months ended July 31, 2014, as compared to 124% of segment total revenue in the three months ended July 31, 2013. Aerospace Products had an operating profit of $363,000 in the three months ended July 31, 2014 compared to an operating loss of $649,000 in the three months ended July 31, 2013.

Backlog:

As of September 2, 2014 our backlog totaled approximately $4.4 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:
David Drewitz, Public Relations Ph [phone]
[e-mail]
www.creativeoptionscommunications.com
Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

SOURCE Butler National Corporation

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-0-
KEYWORD: Kansas
INDUSTRY KEYWORD: ARO
MAC
CNO
SUBJECT CODE: ERN
CCA

[ProfitScout]

Butler National Corporation Reports Fourth Quarter And Fiscal Year End Financial Results And Conference Call

OLATHE, Kan., July 29, 2014 /PRNewswire/ -- Butler National Corporation (OTC QB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the fourth quarter fiscal 2014 and year ended April 30, 2014. In conjunction with the release, the Company has scheduled a conference call Thursday, July 31, 2014 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Fourth Quarter and Fiscal Year-End Results Conference Call

When: Thursday, July 31, 2014 - 9:00AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corporation, will be leading the call and discussing results of the fourth quarter and fiscal year-end financial results, the status of existing and new business, and an outlook for fiscal 2015.


Historical selected financial data related to all operations:


Year Ended April 30

Quarter Ended April 30


(In thousands except per share data)

(In thousands except per share data)


2014

2013

2012

2014

2013

2012

Net Revenue

$ 47,271

$ 49,152

$ 52,719

$ 14,632

$ 12,326

$ 13,938

Operating Income

1,921

1,503

5,486

1,958

38

1,864

Net Income (Loss)

112

(148)

1,900

965

225

765

Total Assets

41,678

43,860

40,562

41,678

43,860

40,562

Long-term Obligations

6,820

10,155

8,678

6,820

10,155

8,678

Stockholders' Equity

24,354

23,574

22,604

24,354

23,574

22,604

Weighted Average Shares –
Diluted

60,893

59,015

56,596

60,893

59,015

57,194

Diluted Earnings per Share

0.00

0.00

0.03

0.02

0.00

0.01

New Product Research and
Development Cost

1,765

1,755

1,652

196

487

444



Management Comments:

"Fiscal 2014 was a challenging period for Butler National Corporation. Following three difficult quarters, Butler National Corporation rebounded with a strong fourth quarter heading into fiscal year 2015. Revenue decreased 4% to $47.3 million in fiscal 2014, as compared to $49.2 million in fiscal 2013. Professional Services revenue decreased (down 13%), but Aerospace Products increased 19% primarily due to a strong fourth quarter. Butler National Corporation continues to drive growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

"Fiscal 2014 net income was $112,000 compared to a net loss of $148,000 in fiscal 2013. The increase in net income was primarily due to our margin expansion initiatives. Fiscal 2014 operating margin was 4% compared to a 3% in fiscal 2013. The margin expansion initiatives include efficiencies in our implementation and operational processes and controlling general and administrative expenses.

"The fourth quarter of fiscal 2014 resulted in the highest quarterly revenue in the past three fiscal years. Revenue increased 19% to $14.6 million in fourth quarter fiscal 2014, as compared to $12.3 million in fourth quarter fiscal 2013. The fourth quarter of fiscal 2014 resulted in a net income of $965,000 compared to a net income of $225,000 in fourth quarter fiscal 2013. This was driven by a strong demand in Aerospace Products.

"During fiscal 2014, we invested approximately $1.8 million in projects focused on product development of new products. We feel these expenditures for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

"This is an exciting time for Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing costs. We believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:
Revenue from Professional Services decreased 13% to $31.0 million in fiscal 2014 from $35.5 million in fiscal 2013. The decrease in Professional Services revenue was driven by decreased revenue in gaming activities of $2.6 million and other management and Professional Services of $1.9 million. There was a $1.3 million decrease in revenue from monitoring services due to the sale of Butler National Services, Inc. Costs decreased 11% in fiscal 2014 to $18.8 million compared to $21.1 million in fiscal 2013. The decrease in direct costs was a result of reductions in the number of electronic gaming machines. Expenses decreased 9% in fiscal 2014 to $10.4 million compared to $11.4 million fiscal 2013. Operating income from Professional Services decreased 39% to $1.8 million in fiscal 2014 from $3.0 million in fiscal 2013.

Aerospace Products:
Revenue increased 19% to $16.2 million in fiscal 2014 compared to $13.6 million in fiscal 2013. This increase is attributable to increased revenue of $2.3 million related to aircraft modifications. In an effort to offset decreased domestic military spending, the Company has invested in the development of several supplemental type certificates (STCs). These STCs involve state-of-the-art avionics. We are aggressively marketing these STCs both domestically and internationally. Costs increased 6% to $12.1 million in fiscal 2014 compared to $11.5 million in fiscal 2013. Costs were 74% of segment total revenue in fiscal 2014, as compared to 84% of segment total revenue in fiscal 2013. Expenses increased 10% in fiscal 2014 to $4.0 million compared to $3.7 million in fiscal 2013. Expenses were 25% of segment total revenue in fiscal 2014, compared to 27% of segment total revenue in fiscal 2013. Aerospace Products had an operating income of $103,000 in fiscal 2014 compared to an operating loss of $1.5 million in fiscal 2013.

Costs related to Professional Services and Aerospace Products include the cost of engineering, labor, materials, equipment utilization, control systems, security and occupancy. Expenses related to Professional Services and Aerospace Products include marketing and advertising, employee benefits, depreciation and amortization, general and administrative and other expenses.

Backlog:
As of April 30, 2014, our backlog totaled approximately $5.6 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. As of July 4, 2014, our backlog totaled approximately $5.0 million. This is consistent with the industry in which modification services and related contracts may take several months, and sometimes years, to complete. There can be no assurance that all orders will be completed or that some may ever commence.


Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.


Forward-Looking Information:

Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:


David Drewitz, Public Relations

Ph [phone]

[e-mail]


www.creativeoptionscommunications.com


Butler National Corporation Investor Relations

Ph [phone]

THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

SOURCE Butler National Corporation



Source: PR Newswire (July 29, 2014 - 3:23 PM EDT)

[ProfitScout]

Butler National Corporation Announces Third Quarter And Nine Months Fiscal Year 2014 Financial Results And Conference Call

OLATHE, Kan., March 17, 2014 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC QB: BUKS), a leader in the global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the third quarter and nine months ended January 31, 2014. In conjunction with the release, the Company has scheduled a conference call Tuesday, March 18, 2014 at 10:00 AM Central Daylight Time.

What: Butler National Corporation Third Quarter Fiscal 2014 Financial Results Conference Call

When: Tuesday, March 18, 2014 - 10:00 AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time. A replay of the conference call will be archived on the Company's web site.

Clark D. Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter and nine months, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2014.

Historical selected financial data related to all operations:



Quarter Ended January 31 Nine Months Ended January 31
(In thousands) (In thousands)
2014 2013 2012 2014 2013 2012
Net Sales $ 11,193 $ 11,000 $ 13,734 $ 33,753 $ 38,005 $ 40,021
Operating Income (Loss) 18 (519) 1,568 (38) 1,465 3,621
Net Income (Loss) (219) (755) 568 (853) (373) 1,135
Total Assets 41,115 44,321 39,438 41,115 44,321 39,438
Long-term Obligations 7,665 9,676 10,832 7,665 9,676 10,832
Stockholders' Equity 22,858 20,413 19,513 22,858 20,413 19,513
Weighted Average Shares - Diluted 59,019 57,543 56,594 59,019 57,538 56,594
New Product Research and Development Cost 526 471 429 1,569 1,268 1,208



Management Comments
"The fiscal quarter ending January 31, 2014 was an encouraging period for Butler National Corporation. Revenue increased 2% to $11.2 million in the three months ended January 31, 2014, as compared to $11.0 million in the three months ended January 31, 2013. The quarter to quarter increase in revenue reflects a decrease in professional services revenue (down 12%) and an increase in aerospace products revenue (up 44%).

Professional services revenue was adversely impacted due to a stoppage in the Boot Hill Casino motor coach program and issues regarding supplier slot software updates. The motor coach program has resumed and slot manufacturers are now starting to supply software. We believe we will see the full impact in fiscal year 2015.

The increase in aerospace products revenue was a result of an increase in modification orders starting in mid-December and continuing through the end of the quarter. We are experiencing strong demand from international markets in the modification business. Butler National Corporation is continuing to work to drive growth in international markets, including significant efforts in South America, Europe, Africa, and Asia.

The third quarter of fiscal 2014 resulted in a net loss of $219,000 compared to a net loss of $755,000 in the third quarter fiscal 2013. Butler National Corporation is working on returning to and exceeding previous revenue levels by focusing on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses. In the first nine months of fiscal 2014, we have reduced total costs and expenses $2.7 million compared to the same period in fiscal 2013.

During the three months ending January 31, 2014, we invested approximately $526,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

We believe fiscal quarter-ended January 31, 2014 was a turning point for Butler National Corporation. Aerospace products saw an increase in revenue and customer deposits. We are encouraged by the recent performance of professional services. The backlog continues to increase. Our entire team is focused on executing our numerous business development opportunities as well as increasing revenue while managing costs. We believe we are positioned for the future, focused on serving the needs of our customers and dedicated to enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services: Revenue from professional services decreased 12% to $7.3 million in the three months ended January 31, 2014 to $8.3 million in the three months ended January 31, 2013. The decrease in professional services revenue was driven by decreased revenue from Boot Hill casino of $588,000 and all other professional services of $407,000. Operating income from professional services decreased to $106,000 in the three months ended January 31, 2014 from $246,000 in the three months ended January 31, 2013.

Aerospace Products: Revenue increased 44% to $3.9 million in the three months ended January 31, 2014 compared to $2.7 million in the three months ended January 31, 2013. Aerospace products had an operating loss of $88,000 in the three months ended January 31, 2014 compared to an operating loss of $765,000 in the three months ended January 31, 2013.

Backlog: As of January 31, 2014 our backlog totaled approximately $10.1 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

Forward-Looking Information: The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:



David Drewitz, Public Relations Ph [phone]
[e-mail] Ph [phone]
www.creativeoptionscommunications.com
Butler National Corporation Investor Relations


THE WORLDWIDE WEB:Please visit www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
SOURCE Butler National Corporation


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[ProfitScout]

Butler National Corporation Announces $1.423 Million Jury Verdict Against Bally Gaming

OLATHE, Kan., March 11, 2014 /PRNewswire via COMTEX/ -- Butler National Corporation (OTCQB: BUKS) (the "Company") has been awarded total damages of $1,423,542 in litigation against Bally Gaming, Inc. based upon Bally's negligent misrepresentations in selling a casino management computer system.

The Company's subsidiary BHCMC, LLC manages the Boot Hill Casino & Resort. BHCMC and BHC Development LC, the build-to-suit lease provider for the Dodge City lottery gaming facility, purchased the SDS/CMP casino management system prior to the opening of the Boot Hill Casino & Resort.

BHCMC and BHC Development filed a complaint against Bally Gaming in the United States District Court for the District of Kansas alleging damages for negligent misrepresentations. After hearing the evidence, the jury rendered a verdict in favor of BHCMC and BHC Development in the amount of $1,423,542. Bally has a right to appeal the verdict.

Bally Gaming had counterclaimed for an alleged breach of contract and an alleged continued use of the system. Bally Gaming alleged damages in excess of $441,000. Bally's counterclaims were rejected by the jury and no damages were awarded.

"We are pleased with the result and appreciate the jury's patience in hearing the evidence. The evidence was clear that despite many requests to remedy the number of system problems, Bally Gaming could not make the system work as represented," commented Clark D. Stewart, President and CEO of Butler National Corporation. "We have spent considerable resources in replacing the Bally system. We believe the $1.423 million verdict is a step toward attempting to make us whole. The replacement Konami SYNKROS(TM) (KCMS) System now provides Boot Hill Casino with the marketing and administrative functionality that the casino required."

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. It is a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information: The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Item 1 to the Company's Annual Report on Form 10-K for the year ended April 30, 2013, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations Ph [phone]
[e-mail]
http://www.creativeoptionscommunications.com
Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:
Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

SOURCE Butler National Corporation

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-0-

[ProfitScout]

Butler National Corporation Announces $1.423 Million Jury Verdict Against Bally Gaming

OLATHE, Kan., March 11, 2014 /PRNewswire via COMTEX/ -- Butler National Corporation (OTCQB: BUKS) (the "Company") has been awarded total damages of $1,423,542 in litigation against Bally Gaming, Inc. based upon Bally's negligent misrepresentations in selling a casino management computer system.

The Company's subsidiary BHCMC, LLC manages the Boot Hill Casino & Resort. BHCMC and BHC Development LC, the build-to-suit lease provider for the Dodge City lottery gaming facility, purchased the SDS/CMP casino management system prior to the opening of the Boot Hill Casino & Resort.

BHCMC and BHC Development filed a complaint against Bally Gaming in the United States District Court for the District of Kansas alleging damages for negligent misrepresentations. After hearing the evidence, the jury rendered a verdict in favor of BHCMC and BHC Development in the amount of $1,423,542. Bally has a right to appeal the verdict.

Bally Gaming had counterclaimed for an alleged breach of contract and an alleged continued use of the system. Bally Gaming alleged damages in excess of $441,000. Bally's counterclaims were rejected by the jury and no damages were awarded.

"We are pleased with the result and appreciate the jury's patience in hearing the evidence. The evidence was clear that despite many requests to remedy the number of system problems, Bally Gaming could not make the system work as represented," commented Clark D. Stewart, President and CEO of Butler National Corporation. "We have spent considerable resources in replacing the Bally system. We believe the $1.423 million verdict is a step toward attempting to make us whole. The replacement Konami SYNKROS(TM) (KCMS) System now provides Boot Hill Casino with the marketing and administrative functionality that the casino required."

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. It is a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information: The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Item 1 to the Company's Annual Report on Form 10-K for the year ended April 30, 2013, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations Ph [phone]
[e-mail]
http://www.creativeoptionscommunications.com
Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB: Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
SOURCE Butler National Corporation

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[ProfitScout]

Butler National Corporation Announces Second Quarter And Six Months Fiscal Year 2014 Financial Results And Conference Call

OLATHE, Kan., Dec. 16, 2013 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC QB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the second quarter and six months fiscal 2014 for the period ended October 31, 2013. In conjunction with the release, the Company has scheduled a conference call Tuesday, December 17, 2013 at 9:00 AM Central Standard Time.

What: Butler National Corporation Second Quarter Fiscal 2014 Financial Results Conference Call

When: Tuesday, December 17, 2013 - 9:00 AM Central Standard Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time. For those who cannot attend the call, an audio replay will be archived on the Company's web site (www.butlernational.com).

Clark D. Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the second quarter, the status of new and existing orders, and an outlook on the balance of fiscal 2014.

Historical selected financial data related to all operations:

Quarter Ended October 31 Six Months Ended October 31
(In thousands) (In thousands)
2013 2012 2011 2013 2012 2011
Net Sales $ 11,144 $ 13,537 $ 14,141 $ 22,560 $ 27,005 $ 26,287
Operating Income (Loss) (198) 699 1,379 (55) 1,984 2,053
Net Income (Loss) (345) 114 458 (634) 382 566
Total Assets 42,457 45,288 32,095 42,457 45,288 32,095
Long-term Obligations 8,571 10,624 4,946 8,571 10,624 4,946
Stockholders' Equity 23,081 23,883 19,768 23,081 23,883 19,768
Weighted Average Shares - Diluted 59,019 57,546 56,594 59,019 57,546 56,594
New Product Research and Development Cost 486 425 371 1,043 797 779

Management Comments
"The fiscal quarter-ended October 31, 2013 was another challenging quarter for Butler National Corporation. Revenue decreased 18% to $11.1 million in the three months ended October 31, 2013, as compared to $13.5 million in the three months ended October 31, 2012. The decrease in revenue reflects a decrease in both Professional Services revenue (down 14%) and Aerospace Products revenue (down 25%).

"Professional Services revenue was adversely impacted due to a stoppage in the Boot Hill Casino motor coach program while the property and the regulators further define the regulations that will govern the program moving forward. Additionally, due to a regulatory issue with a slot machine manufacturer, the availability of new slot software to the property has been severely impacted. The motor coach program has resumed and we believe we will see the impact in FY2015.

"The decrease in Aerospace Products revenue was primarily due to uncertainty in the domestic economy and ordering delays in the international markets. We are now seeing continued resurgence in Aerospace Products. The backlog in this segment increased 18% (approximately $900,000) between July 31, 2013 and October 31, 2013, primarily due to an increase in orders at our wholly-owned subsidiary, Avcon Industries. Butler National Corporation is working to strengthen this segment by driving growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

"Second quarter fiscal 2014 resulted in a net loss of $345,000 compared to a net income of $114,000 in the second quarter fiscal 2013. The net loss was a direct result of the decrease in revenue. Butler National Corporation is working on returning to and exceeding previous revenue levels while continuing to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses. In the first six months of fiscal 2014, we have reduced total costs and expenses $2.4 million compared to the same period in fiscal 2013.

"During the three months ending October 31, 2013, we invested approximately $486,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

"We are excited about the future of Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing costs. We continue to believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:

Revenue from professional services decreased 14% to $7.9 million for the three months ended October 31, 2013 from $9.2 million in the three months ended October 31, 2012. Operating income from professional services decreased to an operating loss of $32,000 in the three months ended October 31, 2013 compared with an operating income of $638,000 in the three months ended October 31, 2012.

Aerospace Products:

Revenue decreased 25% to $3.3 million in the three months ended October 31, 2013, compared to $4.4 million in the three months ended October 31, 2012. Aerospace products had operating loss of $166,000 in the three months ended October 31, 2013 compared to operating income of $61,000 in the three months ended October 31, 2012. We are working to overcome this volatility by increasing marketing efforts in international markets and continuing to diversify product offerings.

Backlog:

As of October 31, 2013, our backlog totaled approximately $6.0 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations
Ph [phone]
[e-mail]
http://www.creativeoptionscommunications.com

Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:

Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

SOURCE Butler National Corporation

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[TrueFlaco]

Wish I would've gotten some down around $0.10. I had a $0.101 bid and didn't get filled..

[swampboots]

Sometimes it can bite you as it goes down on news not yet fully released so got to be careful. Here I was too scared and lost great reap.

[ProfitScout]

Many small stocks will dip at this time of year due to tax loss selling and bidders just being absent during to the holidays. It's a very good time to have low bids in to buy small stocks you are interested in. BUKS is on my list.

[swampboots]

BUKS back to .14 on inefficient blind unusual dumping.

[swampboots]

BUKS .09?

[ProfitScout]

Butler National Obtains FAA Approval of Learjet 20 Series Airplane Stage 3 Noise Suppressor

OLATHE, Kan., Oct. 25, 2013 /PRNewswire via COMTEX/ -- 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 management services in diverse business groups and the parent of Avcon Industries, Inc., announces Supplemental Type Certificate (STC) for a stage 3 noise suppression modification device for Learjet 20 series airplanes.

The FAA Modernization and Reform Act of 2012 contains provisions that ban operation of a number of aircraft models due to noise on December 31, 2015. The Learjet 20 series airplanes are included aircraft. The engine-mounted Avcon Stage 3 Noise Suppressor incorporated with other unique features will allow Learjet 20 series airplanes to comply with the government-mandated Stage 3 noise restrictions that go into effect in December 2015.

"We appreciate the effort of all the people who worked to help us achieve a cost-effective alternative for Learjet 20 Series airplane owners," commented Clark Stewart, President and CEO of Butler National Corporation.

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information: The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K for the year ended April 30, 2012, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

Jim Drewitz, Public Relations
Ph [phone]
[e-mail]
http://www.creativeoptionsmarketing.com

Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:
Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

SOURCE Butler National Corporation


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-0-

KEYWORD: Kansas
INDUSTRY KEYWORD: ARO
SUBJECT CODE: PDT

[ProfitScout]

Butler National Corporation Announces First Quarter Financial Results And Conference Call

OLATHE, Kan., Sept. 13, 2013 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC QB: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces its financial results for the first quarter fiscal 2014 ended July 31, 2013. In conjunction with the release, the Company has scheduled a conference call Wednesday, September 18, 2013 at 9:00 AM Central Daylight Time.

What: Butler National Corporation First Quarter Fiscal 2014 Financial Results Conference Call

When: Wednesday, September 18, 2013 - 9:00 AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the first quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2014.


Historical selected financial data related to all operations:

Quarter Ended July 31 Quarter Ended April 30
(In thousands) (In thousands)
2013 2012 2011 2013 2012 2011
Net Revenue $ 11,416 $ 13,468 $ 12,146 $ 12,824 $ 14,393 $ 12,913
Operating Income 143 1,285 674 38 1,864 598
Net Income (Loss) (289) 268 108 225 765 32
Total Assets 43,908 41,620 31,107 43,860 40,562 32,158
Long-term Obligations 9,148 8,386 4,623 10,155 8,678 4,940
Stockholders' Equity 23,529 23,544 18,662 23,574 22,604 18,025
Weighted Average Shares - Diluted 59,019 57,528 56,594 59,015 57,194 56,109
New Product Research and Development Cost 557 372 408 487 444 433

Management Comments
"The fiscal quarter-ended July 31, 2013 was a challenging period for Butler National Corporation. Revenue decreased 15% to $11.4 million in the three months ended July 31, 2013, as compared to $13.5 million in the three months ended July 31, 2012. The decrease in revenue reflects a decrease in both Professional Services revenue (down 11%) and Aerospace Products revenue (down 27%). Professional Services revenue was adversely impacted due to a stoppage in the Boot Hill Casino motor coach program while the property and the regulators further define the regulations that will govern the program moving forward. Additionally, due to a regulatory issue with a slot machine manufacturer, the availability of new slot software to the property has been severely impacted.

The decrease in Aerospace Products revenue was primarily due to uncertainty in the domestic economy and ordering delays in the international markets. We are beginning to see a resurgence in Aerospace Products. The backlog in this segment increased 25% between July 5, 2013 and September 3, 2013 primarily due to an increase in orders at our wholly-owned subsidiary, Avcon Industries. Butler National Corporation is working to strengthen this segment by driving growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

First quarter fiscal 2014 resulted in a net loss of $289,000 compared to a net income of $268,000 in the first quarter fiscal 2013. The net loss was a direct result of the decrease in revenue. Butler National Corporation is working on returning to and exceeding previous revenue levels while continuing to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses.

During the three months ending July 31, 2013, we invested approximately $557,000 in projects focused on the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

Our wholly owned subsidiary, Butler National Service Corporation is continuing discussions with the other member of BHCMC LLC to explore the possible acquisition by Butler National Service Corporation of other member's 20% equity interest in BHCMC LLC. If and when a definitive agreement is reached, such definitive agreement and a press release concerning the acquisition will be issued to describe the terms of the agreement and the intentions of the members. We have not set a definitive timetable for our discussions and there can be no assurances that the process will result in any transaction being announced or completed. At present there is no disagreement between the members of BHCMC LLC. We do not plan to disclose or comment on developments until further disclosure is deemed appropriate.

This is an exciting time for Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing costs. We continue to believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services:

Revenue from Professional Services decreased 11% to $8.7 million in the three months ended July 31, 2013 from $9.8 million in the three months ended July 31, 2012. Operating income from Professional Services decreased 42% to $792,000 in in the three months ended July 31, 2013 from $1.4 million in the three months ended July 31, 2012.

Aerospace Products:

Revenue from Aerospace Products decreased 27% to $2.7 million in the three months ended July 31, 2013, compared to $3.7 million in the three months ended July 31, 2012. Aerospace Products had an operating loss of $649,000 in the three months ended July 31, 2013 compared to an operating loss of $83,000 in the three months ended July 31, 2012. We are working to overcome this volatility by increasing marketing efforts in international markets and continuing to diversify product offerings.

Backlog:

As of September 3, 2013 our backlog totaled approximately $4.9 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace Products and Professional Services business segments. The Aerospace Products segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Professional Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.


FOR MORE INFORMATION, CONTACT:

Jim Drewitz, Public Relations Ph [phone]
[e-mail]
www.creativeoptionsmarketing.com

Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:
Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

SOURCE Butler National Corporation


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-0-

KEYWORD: Kansas
INDUSTRY KEYWORD: ARO
AIR
SUBJECT CODE: ERN
CCA

[Roy London]

attention

[ProfitScout]

Butler National Corporation Reports Fourth Quarter And Fiscal Year End Financial Results And Conference Call

OLATHE, Kan., July 26, 2013 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC QB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces its financial results for the fourth quarter fiscal 2013 and year ended April 30, 2013. In conjunction with the release, the Company has scheduled a conference call Tuesday, July 30, 2013 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Fourth Quarter and Fiscal Year End Results Conference Call

When: Tuesday, July 30, 2013 - 9:00AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart, President & CEO, Butler National Corporation, will be leading the call and discussing results of the fourth quarter and fiscal year-end financial results, the status of existing and new business, and an outlook for fiscal 2014.


Historical selected financial data related to all operations:

Year Ended April 30 Quarter Ended April 30
(In thousands except per share data) (In thousands except per share data)
2013 2012 2011 2013 2012 2011
Net Revenue $ 50,829 $ 54,414 $ 46,335 $ 12,824 $ 14,393 $ 12,913
Operating Income 1,503 5,486 2,828 38 1,864 598
Net Income (Loss) (148) 1,900 1,259 225 765 31
Total Assets 43,860 40,562 32,158 43,860 40,562 32,158
Long-term Obligations 10,155 8,678 4,940 10,155 8,678 4,940
Stockholders' Equity 23,574 22,604 18,025 23,574 22,604 18,025
Weighted Average Shares - 59,015 56,596 56,109 59,015 57,194 56,109
Diluted
Diluted Earnings per Share 0.00 0.03 0.02 0.00 0.01 0.00
New Product Research and Development Cost 1,755 1,652 1,652 487 444 433


Management Comments:
"Fiscal 2013 was a challenging period for Butler National Corporation. Revenue decreased 7% to $50.8 million in fiscal 2013, as compared to $54.4 million in fiscal 2012. The year-to-year decrease in revenue reflects a decrease in Aerospace Products revenue (down 21%). The decrease in Aerospace Products revenue was primarily due to ordering delays in the international markets. Butler National Corporation is working to overcome these challenges by continuing to drive growth in international markets and through the development of new supplemental type certificates. This includes significant efforts in South America, Europe, Africa, and Asia.

Fiscal 2013 resulted in a net loss of $148,000 compared to a net income of $1.9 million in fiscal 2012. The net loss was a direct result of the decrease in revenue. Butler National Corporation is working on returning to and exceeding previous revenue levels while continuing to focus on our margin expansion initiatives, including efficiencies in our implementation and operational processes and controlling general and administrative expenses.

During fiscal 2013, we invested approximately $1.8 million in projects focused on product development and acquisition of new products. We feel these expenditures for the design and development engineering, testing, and certification of new products may help stabilize our long-term revenue and enhance our profits.

Our wholly owned subsidiary, Butler National Service Corporation is entering into friendly discussions with the other member of BHCMC LLC to explore the possible acquisition by Butler National Service Corporation of other member's 20% equity interest in BHCMC LLC. If and when a definitive agreement is reached, such definitive agreement and a press release concerning the acquisition will be issued to describe the terms of the agreement and the intentions of the members. We have not set a definitive timetable for our discussions and there can be no assurances that the process will result in any transaction being announced or completed. At present there is no disagreement between the members of BHCMC LLC. We do not plan to disclose or comment on developments until further disclosure is deemed appropriate.

This is an exciting time for Butler National Corporation. Management and all employees are focused on the execution of our numerous business development opportunities as well as increasing revenue while managing costs. We continue to believe we are positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Professional Services: Revenues were relatively unchanged at $37.2 million in fiscal 2013 and fiscal 2012. Costs increased 4% in fiscal 2013 to $21.1 million compared to $20.3 million in fiscal 2012. Costs were 57% of segment total revenues in fiscal 2013, as compared to 55% of segment total revenues in fiscal 2012. The increase in direct costs was a result of additional electronic gaming machines and additional table games. Expenses decreased 6% in fiscal 2013 to $13.1 million compared to $13.9 million in fiscal 2012. Expenses were 35% of segment total revenues in fiscal 2013, as compared to 38% of segment total revenues in fiscal 2012. Operating income from Professional Services increased 2% to $3.0 million in fiscal 2013 from $2.9 million in fiscal 2012.

Aerospace Products: Revenues decreased 21% to $13.6 million in fiscal 2013 compared to $17.2 million in fiscal 2012. In an effort to offset decreased domestic military spending, the company has invested in the development of several supplemental type certificates (STCs). These STCs are state of the art avionics and we are aggressively marketing both domestically and internationally. Costs were relatively unchanged in fiscal 2013 at $11.5 million compared to fiscal 2012. Costs were 84% of segment total revenues in fiscal 2013, as compared to 67% of segment total revenues in fiscal 2012. Expenses increased 18% in fiscal 2013 to $3.7 million compared to $3.1 million in fiscal 2012. Expenses were 27% of segment total revenues in fiscal 2013, as compared to 18% of segment total revenues in fiscal 2012. Aerospace Products had an operating loss of $1.5 million in fiscal 2013 compared to an operating profit of $2.6 million in fiscal 2012.

Costs related to Professional Services and Aerospace Products include the cost of engineering, labor, materials, equipment utilization, control systems, security and occupancy. Expenses related to Professional Services and Aerospace Products include marketing and advertising, employee benefits, depreciation and amortization, and general, administrative and other expenses.

Backlog: As of April 30, 2013 our backlog totaled approximately $3.3 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. The backlog includes orders to be delivered after fiscal year 2014 in the amount of approximately $440,000. As of July 5, 2013 our backlog totaled approximately $4.0 million. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.


FOR MORE INFORMATION, CONTACT:

Jim Drewitz, Public Relations Ph [phone]
[e-mail]
http://www.creativeoptionsmarketing.com

Butler National Corporation Investor Relations Ph [phone]

THE WORLDWIDE WEB:Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

SOURCE Butler National Corporation

http://rt.prnewswire.com/rt.gif?NewsItemId=CL54243&Transmission_Id=201307261815PR_NEWS_USPR_____CL54243&DateId=20130726



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Copyright (C) 2013 PR Newswire. All rights reserved

[Penny Roger$]

~ $BUKS ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$BUKS has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "BUKS" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "BUKS": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=BUKS ~
Search Ihub for "BUKS" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=BUKS ~


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~ http://stockcharts.com/school/doku.php?id=chart_school ~


Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~


c

[ProfitScout]

Butler National Corporation Announces Cost Reduction Plan

OLATHE, Kan., June 27, 2013 /PRNewswire via COMTEX/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces it is in the process of implementing an Aerospace Segment cost reduction plan.

The Butler National cost reduction plan is to align overall expenses with the current level of revenue in the Aerospace business segment. The plan includes reductions in staffing levels and reductions of top-level management compensation.

"The past twelve months has been a difficult period for our Aerospace business segment. We have taken significant steps to reduce overall expenses during this tough time. The downsizing of the military and the uncertain funding for our foreign customers special mission projects have made work availability and arrivals very unpredictable. This results in major fluctuations in staffing requirements. We are reducing the total headcount and many of our team members may need to take pay reductions to maintain an affordable staffing level to match the uncertain demands and to support adequate levels of customer service. Mr. Wagoner and I have agreed to significant reductions in our compensation to help allow for funding of additional product development as we adapt to the changing market demands.

We are excited about the future of Butler National Corporation. These cost reductions allow the Company to move forward with new research and development projects that may support the Company for many years to come. We recently announced our application and significant progress toward approval of a Supplemental Type Certificate (STC) for the AVCON Stage Three Noise Suppressor to be installed on the 20 series Learjet. We are currently working on developing multiple STCs in support of the Classic Aviation and Special Mission markets. We thank our team members and shareholders for their loyalty, patience and cooperation as Butler looks forward to a bright future," commented Clark Stewart, President and CEO of Butler National Corporation.

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information: The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K for the year ended April 30, 2012, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:

Jim Drewitz, Public Relations
Ph [phone]
[e-mail]
www.jdcreativeoptions.com

Butler National Corporation Investor Relations
Ph [phone]

SOURCE Butler National Corporation

http://rt.prnewswire.com/rt.gif?NewsItemId=CL39672&Transmission_Id=201306271033PR_NEWS_USPR_____CL39672&DateId=20130627



www.prnewswire.com
Copyright (C) 2013 PR Newswire. All rights reserved

[ProfitScout]

Avcon Announces Progress On Learjet 20 Series Stage 3 Noise Suppressor

OLATHE, Kan., June 25, 2013 /PRNewswire via COMTEX/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces it is nearing completion of a supplemental type certificate project for a Learjet 20 series stage 3 noise suppression device.

The Learjet 20 series airplanes are subject to the FAA Modernization and Reform Act of 2012. The Act has provisions that ban the operation of the Learjet 20 series airplanes in the United States after December 31, 2015. The unmodified airplanes do not meet the current FAA Stage 3 noise level requirements. Installation of the Avcon Noise Suppressor on the Learjet 20 series airplanes should allow continued use of the airplanes in 2016 and beyond. Installations of the Avcon Noise Suppressor STC product are expected to begin in the fall of 2013.

"Butler National and Avcon are committed to the support of Classic Aviation Products and to the support of the fleet of approximately 400 Classic 20 series Learjets currently flying worldwide. The Avcon Noise Suppressor STC will join an impressive list of over 100 STC enhancements, including RVSM, designed by Avcon to improve the stability, reliability, versatility and utility of the Classic Learjets. The JET FC-110 autopilot used in the Learjet 20 series airplanes is owned and supported by Butler National and may be enhanced with modern electronic components. We also have approved WAAS approach coupling solutions to the autopilot.

"Some of the seven hundred thirty-five Learjet 20 series built since 1965 have been out of service pending a solution for the State 3 noise requirements. We expect some of these may be restored to service. Our goal is to provide a cost-effective alternative to these owners who would like to continue to fly their Learjet 20 series airplanes," commented Clark Stewart, President and CEO of Butler National Corporation.

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information: The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K for the year ended April 30, 2012, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:



Jim Drewitz, Public Relations
[e-mail] Ph [phone]
www.jdcreativeoptions.com

Aric Peters, Director of Sales Ph [phone]
[e-mail]

Butler National Corporation Investor Relations Ph [phone]


SOURCE Butler National Corporation

[ProfitScout]

Butler National Corporation Continues Refocus Of Business With Divestiture Of Florida Waste Water Monitoring Business

OLATHE, Kan., May 2, 2013 /PRNewswire via COMTEX/ -- Butler National Corporation (OTC QB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups, announces it has closed the sale of the Company's waste water monitoring business to Beadle Enterprises, LLC.

Beadle Enterprises, LLC is a South-Florida based company operating through its wholly owned subsidiary Pump Station Maintenance Services, LLC. Mr. Beadle was most recently the president of Butler National Services, Inc. Mr. Beadle offers customers a lengthy history of providing wastewater monitoring services. Butler National Services, Inc. will receive $270,000 over five (5) years for the assets. Further details are in the Current Report on Form 8-K filed today by Butler National Corporation with the Securities and Exchange Commission.

"Butler National Corporation is a diverse company with both Aerospace Products and Professional Services segments. We are committed to serving the needs of our customers and enhancing shareholder value. Mr. Beadle plans to continue to provide excellent customer service to his customers in South Florida. Butler National Corporation plans to focus its resources on the core businesses. We looked for potential candidates to acquire this business and determined Mr. Beadle was the best candidate based on his knowledge and experience in the business and ability to provide a seamless transition," commented Clark D. Stewart, President and CEO of Butler National Corporation.

Our Business: Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.

Forward-Looking Information: The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K for the year ended April 30, 2012, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:



Jim Drewitz, Public Relations Ph [phone]
[e-mail] Ph [phone]
www.jdcreativeoptions.com
Butler National Corporation Investor Relations

SOURCE Butler National Corporation

[MikeDDKing]

The tax rate was really high for Q4. They made $0.009/share pre-tax in Q4. Income before tax was $501,666 and taxes were $468,993.

I sold out this morning.

[MikeDDKing]

Butler National Corporation Reports Fourth Quarter and Fiscal Year End Financial Results and Conference Call
Sales increased 42% to $46.4 Million for Fiscal 2011
On Thursday July 28, 2011, 6:30 pm EDT

OLATHE, Kan., July 28, 2011 /PRNewswire/ -- Butler National Corporation (OTC QB:BUKS) a leading manufacturer and provider of support systems for "Classic" commercial and military aircraft, announces its financial results for the fourth quarter fiscal 2011 and year ended April 30, 2011. In conjunction with the release, the Company has scheduled a conference call Tuesday, August 2, 2011 at 9:00 AM Central Daylight Time.

What: Butler National Corporation Fourth Quarter and Fiscal Year End Results Conference Call

When: Tuesday, August 2, 2011 - 9:00AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark D. Stewart, President & CEO, Butler National Corporation, will be leading the call and discussing results of the fourth quarter and fiscal year-end financial results, the status of existing and new business, and an outlook for fiscal 2012.




Historical selected financial data related to all operations:

MikeDDKing note - See the PR for the for the financial table:
http://finance.yahoo.com/news/Butler-National-Corporation-prnews-2738580565.html?x=0&.v=1

Management Comments:

"Fiscal 2011 was another successful year for Butler National Corporation. We set a new high in sales during a challenging economic time. We continued to focus on our core aviation products including the acquisition of Kings Avionics in September of 2010. Our Modifications segment led the way generating over four million dollars in operating profit compared with just over two million in fiscal 2010. We believe the company is well-positioned to continue growing shareholder value.

Our revenue for fiscal 2011 was $46.4 million, an increase of 42.2% from fiscal 2010 revenue of $32.6 million. Net Income for fiscal 2011 was $1.3 million, a decrease from our record fiscal 2010 net income of $2.9 million. This decrease resulted from increased tax expenses and as a result of lower net income from Boot Hill Casino and Resort. Income tax expenses increased approximately $1.2 million dollars and net income before minority interest from Boot Hill Casino and Resort decreased by approximately $1.0 million in fiscal 2011 compared with fiscal 2010.

During Fiscal 2011, we invested approximately $1.7 million toward the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may stabilize our long-term revenues and enhance our profits.

We are moving confidently into fiscal year 2012, planning to build on our success. We believe we are well positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Aircraft Modifications:

Revenue from Aircraft Modifications segment for the fiscal year ending April 30, 2011, was $13.9 million, an increase of 3% from fiscal 2010 with revenue of $13.5 million. The modifications segment operating profit for the fiscal year ending April 30, 2011, was $4.4 million, an increase of 105% from fiscal 2010 with an operating profit of $2.1 million.

During the past few years we have seen a significant increase in aircraft camera modification. The repetitive nature of our current aircraft modifications has significantly increased our operating profits. As the economy grows aircraft owners may elect to update, modify, and purchase business aircraft. A shift to business aircraft ownership positively impacts our aircraft modification revenues. Although we cannot anticipate the future we must always consider the negative impact of items such as the September 11, 2001 event, increases in fuel prices, and general economic downturns.

Avionics:

Revenue from Avionics for the fiscal year ending April 30, 2011 was $5.1 million, a decrease of 8% from fiscal 2010 with revenue of $5.5 million. The avionics segment had an operating profit of $340,000 in fiscal 2011 down from $2.2 million for fiscal 2010. Our history shows a cycle of profitability in the avionics segment. Profitability varies based upon the product mix sold during a given period. Butler's proprietary products have a significantly higher margin. The company objective is to shift to these higher margin products. However, the customer expects us to supply a full line of products. Many economic and political uncertainties can impact the avionics product line.

Monitoring Services:

Revenue decreased 3% from $1.61 million for fiscal 2010 to $1.56 million for fiscal 2011. During fiscal 2011, we maintained a relatively level volume of long-term contracts with municipalities. We anticipate increases in revenue from additional lift station rehabilitations over the next three to four years. Revenue fluctuates due to the introduction of new products and services and the related installations of these types of products. Our contracts with our two largest customers have been renewed through fiscal 2012. An operating profit of $254,000 in Monitoring Services was recorded for fiscal 2011, compared to a profit of $297,000 for fiscal 2010, a decrease of 14.6%. We believe the service business has had revenue stability over the past few years and we expect this to continue.

Corporate/Professional Services Including Gaming Operations:

Services in this segment include the architectural services related to gaming and other real estate development, administrative management services, and engineering consulting services.

Revenue consisting of architectural services and revenue related to completed construction projects were $849,000 for the fiscal year ended April 30, 2010 and $282,000 for the fiscal year ended April 30, 2011. Projects related to architectural services decreased $524,000 for the twelve months to revenue of $644,000 at April 30, 2011. An operating loss of $264,000 for the fiscal year ended April 30, 2011 was recorded compared to a profit of $60,000 for the fiscal year ended April 30, 2010.

Revenue related to gaming and other real estate development, on site contract management of gaming establishments for the fiscal year ended April 30, 2011 was $2.2 million compared to $1.7 million for the fiscal year ended April 30, 2010, an increase of 31.4%. Operating profits from management services related to gaming increased $525,000 from $353,000 for the fiscal year ended April 30, 2010, to $877,000 for the fiscal year ended April 30, 2011.

Boot Hill Casino and Resort opened for business on December 15, 2009. In the fiscal year ended April 30, 2011 the Gaming Facility received gross revenue including funds for the State of Kansas of $42.2 million compared to $16.1 million in fiscal year ended April 30, 2010. Mandated fees, taxes and distributions reduced gross revenue by $19.5 million resulting in net revenue to the manager of $22.7 million compared to $8.3 million in fiscal year ended April 30, 2010. Net income before taxes and minority interest were $397,000 in fiscal year ended April 30, 2010 compared to a loss of $577,000 in fiscal year ended April 30, 2011.

Backlog:

As of July 22, 2011 our backlog totaled approximately $8.9 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. The backlog includes orders to be delivered after fiscal year 2012 in the amount of approximately $1.1 million. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.




FOR MORE INFORMATION, CONTACT:



Humanity Worldwide Capital Group

Lou Albert Rodriguez

[e-mail]

www.humanityworldwide.com

Jim Drewitz, Public Relations

[e-mail]

Butler National Corporation Investor Relations



Ph [phone]




Ph [phone]


Ph [phone]




THE WORLDWIDE WEB:

Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[Bobwins]

Butler filed 10K. Made about 32K for Q4. Looks like SG&A up a lot. Need the new "rainmakers" to justify the big salaries.

Still earned about .02eps. Positive changes from slot expenses ending won't be fully visible until Q2 ending 10/31/11.

Should see some reduction in expenses for Q1 ending 7/31 and hopefully some comment.

Haven't read the whole 10K but a little disappointed.

[MikeDDKing]

Butler National Issued Supplemental Type Certificate for Learjet Autopilot Modernization
On Thursday June 9, 2011, 10:53 am

OLATHE, Kan., June 9, 2011 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) has obtained a Supplemental Type Certificate (STC) from the FAA for autopilot modernizations to the J.E.T. FC-110 Autopilot used in most Learjet Model 20 Series airplanes.

"Globally, there are more than 400 Lear 20 Series jets that would benefit from the modernization of the autopilot boards in the FC-110 Autopilot. The STC allows Butler National to produce replacement autopilot boards that function exactly as the original boards, but enhance autopilot reliability. These boards should allow more consistent functionality of the FC-110 autopilot", said Craig Stewart, President of the Aerospace Group at Butler National Corporation.

Mexico is one of our largest global opportunities. Constantino Jimenez, CEO of Servicios Profesionales De Aviacion said, "There are 80 aircraft in Mexico that would benefit from the J.E.T. FC-110 Autopilot modernization." Based in Guadalajara, Servicios Profesionales De Aviacion is Butler's exclusive authorized installation center for our modifications in Mexico. "These upgrades are critical to improved flight safety and reliability in Mexico and Latin America. Butler is a leader in Learjet modifications throughout Mexico and South America so it is natural that we continue to partner with them on the installations of this important new safety feature", added Jimenez.

For the fiscal quarter-ended January 31, 2011, Butler National increased revenues 44% to $12.9 million as compared to $8.9 million for the same period in fiscal 2010. Net income was $867,000 compared to net income of $642,000 for the same period in fiscal 2010. The increase in net income was primarily due to continued success in the aircraft modification segment. Butler National operates in the Aerospace, Avionics, Military and Defense businesses including its Avcon Industries Inc. subsidiary operating in Newton, Kansas.

Butler National Corporation - About Us
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services. For more information, visit www.butlernational.com.

Forward-Looking Information:
The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:



Reign Strategy & Investment Group


Ph [phone]


Lou Albert Rodriguez



[e-mail]



www.reigninvestment.com






Jim Drewitz, Public Relations


Ph [phone]

[MikeDDKing]

They broke ground on the hotel adjacent to Boot Hill Casino & Resort.

http://www.dodgeglobe.com/features/x447606346/Dodge-breaks-grounds-on-new-hotel

[MikeDDKing]

The BUKS ask is in 52 week high territory at $0.695. The bid of $0.684 is the highest I remember seeing.

[MikeDDKing]

Butler National Corporation Names Robert E. Olson to Lead New Effort in Commercial Aircraft MRO Sales
On Tuesday May 17, 2011, 10:03 am

OLATHE, Kan., May 17, 2011 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) announces the engagement of Mr. Robert E. Olson to direct an aggressive new sales and marketing effort targeting the commercial aircraft industry.

Olson, a former Boeing executive with global sales and training responsibilities, most recently developed and sold Stage Three Noise Reduction Systems for Boeing 727 and 737 aircraft. Olson also developed and sold Winglet and Performance enhancement systems for Boeing 727 and 737 aircraft and the ballistic proof cockpit security doors. Olson was also a Captain in U.S. Air Force and a recognized expert in global flight support services.

Craig Stewart, President of Butler National's Aerospace Division said, "This is another step in our three-prong aerospace growth strategy that includes our rapidly growing small and medium aircraft MRO business, mergers and acquisitions, and new growth. Mr. Olson will focus on the commercial aircraft marketplace. Mr. Olson brings another strong presence in the air transport business."

Olson added, "I agree that Butler National is one of the fastest growing companies in the aerospace industry. They are well positioned to leverage the expected $3.2 trillion growth in the aerospace market. A significant piece of that growth will come from commercial aircraft and I am committed and dedicated to making sure we get more than our fair share."

For the fiscal quarter-ended January 31, 2011, Butler National increased revenues 44% to $12.9 million as compared to $8.9 million for the same period in fiscal 2010. Net income was $867,000 compared to net income of $642,000 for the same period in fiscal 2010. The increase in net income was primarily due to continued success in the aircraft modification segment.

Butler National Corporation - About Us

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services. For more information, visit www.butlernational.com.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:



Reign Strategy & Investment Group


Ph [phone]


Lou Albert Rodriguez



[e-mail]



www.reigninvestment.com






Jim Drewitz, Public Relations


Ph [phone]


[e-mail]

[MikeDDKing]

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