Gewinn- und Verlustrechnung von Butler National Corporation

Butler National earns a Buy rating, driven by explosive aerospace segment growth and clear undervaluation versus peers. BUKS' aerospace revenues surged 92% YoY, supported by a $51.1 million backlog and operational efficiencies at Avcon and Butler-Tempe. While recent growth benefited from some timing effects, double-digit revenue growth appears sustainable given industry trends and backlog strength.

Butler National is now driven by its Aerospace segment, which delivered 92% YoY growth and comprises 71% of revenue. Despite a 160% stock rally, BUKS trades at 12x LTM earnings, with a PEG of 0.16x, well below sector medians. I assign a Strong Buy rating, targeting $7-8/share (80% upside), based on 20% FY2027 revenue growth and 20% net margin assumptions.

Butler National OTCMKTS: BUKS reported higher first-quarter fiscal 2027 revenue, operating income and net income, driven primarily by sharp growth in its aerospace products segment, according to management's shareholder conference call.

Butler National Corporation (BUKS) Q1 2027 Earnings Call Transcript

BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER 2027 FINANCIAL RESULTSPR NewswireNEW CENTURY, Kan., Sept. 11, 2026– Revenue increased 53% to $30.8 million

– Revenue increased 53% to $30.8 million   – Operating income increased 59% to $7.4 million – Net income increased 43% to $5.3 million  – Earnings per share increased to $0.08 from $0.06 NEW CENTURY, Kan., Sept. 11, 2026 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter of fiscal 2027.

Special mission King Air Model B200 Modified by Avcon For Mosquito Control NEW CENTURY, Kan., Aug. 25, 2026 /PRNewswire/ -- Avcon Industries, Inc., a subsidiary of Butler National Corporation (OTCQX: BUKS), a leading manufacturer and systems integrator for special mission aircraft modifications, announces delivery of the first Avcon-modified mosquito control special mission King Air aircraft.

BUTLER NATIONAL CORPORATION'S BOOT HILL CASINO and RESORT EXTENDS SPORTS WAGERING AGREEMENT WITH KANSAS LOTTERY AND DRAFTKINGS PR N

Extension Continues Boot Hill's Sports Wagering Management Through 2030 NEW CENTURY, Kan., Aug. 20, 2026 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS) announces that the Boot Hill Casino & Resort, managed by Butler National subsidiary BHCMC, LLC ("Boot Hill Casino "), executed two agreements extending existing sports wagering contract relationships through 2030.

Butler National Corporation maintains a strong buy rating, driven by robust aerospace growth and margin expansion. Recent muted share price performance reflects sector rotation, cost inflation risks, and delayed NASDAQ uplisting catalysts. FY26 sales grew 17% to $98M, with aerospace up 33% and operating margin expanding from 20% to 29%.