Exhibit 99 | ||||||||
PRESS RELEASE | September 13, 2010 | |||||||
BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND CONFERENCE CALL Revenue Increased 57% To $9.5 Million Versus $6.1 Million In First Quarter Fiscal 2010
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OLATHE, KANSAS, September 13, 2010, - Butler National Corporation (OTC Bulletin Board: 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 2011 for the period ended July 31, 2010. In conjunction with the release, the Company has scheduled a conference call Wednesday, September 15, 2010 at 9:00 AM Central Daylight Time. What: Butler National Corporation First Quarter Fiscal 2011 Financial Results Conference Call 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 2011. | ||||||||
Historical selected financial data related to all operations: | ||||||||
Quarter Ended July 31 | Quarter Ended April 30 | |||||||
(In thousands except per share data) | (In thousands except per share data) | |||||||
2010 | 2009 | 2008 | 2010 | 2009 | 2008 | |||
Net Sales | $ 9,546 | $ 6,069 | $ 5,204 | $ 13,173 | $ 4,288 | $ 4,446 | ||
Operating Income | (64) | 701 | 656 | 1,056 | 678 | 1,015 | ||
Net Income | (111) | 718 | 318 | 1,510 | 279 | 662 | ||
Total Assets | 27,830 | 24,263 | 32,464 | 29,566 | 25,798 | 27,104 | ||
Long-term Obligations | 4,036 | 5,875 | 6,276 | 4,305 | 6,345 | 6,416 | ||
Stockholders' Equity | 16,196 | 13,937 | 12,509 | 16,308 | 13,219 | 12,190 | ||
Weighted Average Shares - Diluted | 55,963 | 55,090 | 54,770 | 55,503 | 54,934 | 53,928 | ||
New Product Research and Development Cost | 419 | 495 | 1,061 | 374 | (609) | 520 | ||
Management Comments
As stated in previous press releases, Fiscal 2010 set new highs in both sales and profitability. According to data from Edgar-Online, Hoovers Inc. and company financial statements, Butler National Corporation was the:
As stated above, we continue to move confidently throughout fiscal year 2011 to build on this success. Business Segment Highlights
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FOR MORE INFORMATION, CONTACT: Humanity Worldwide Capital Group Butler National Corporation Investor Relations |
Ph (214) 498-7775 | |||||||
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8-K Filing
Butler National (BUKS) 8-KButler National Corporation Announces First Quarter Financial Results and Conference Call
Filed: 13 Sep 10, 12:00am