Exhibit 99 | |||||||||||
PRESS RELEASE | December 14, 2010 | ||||||||||
BUTLER NATIONAL CORPORATION ANNOUNCES SECOND QUARTER AND SIX MONTHS FISCAL YEAR 2011 FINANCIAL RESULTS AND CONFERENCE CALL | |||||||||||
OLATHE, KANSAS, December 14, 2010, -Butler National Corporation (OTC Bulletin Board BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO), a provider of support systems for ""Classic"" commercial and military aircraft and a recognized provider of management services in diverse business groups, announces its financial results for the second quarter and six months of fiscal 2011 ended October 31, 2010. Clark D. Stewart, President & CEO, Butler National Corporation., will be leading the call and discussing the results of operations for the second quarter, the status of new and existing orders, acquisition activities, management services and provide observations on the outlook for the balance of fiscal 2011. | |||||||||||
Historical selected financial data related to all operations: | |||||||||||
Quarter Ended October 31 | Six Months Ended October 31 | ||||||||||
(In thousands) | (In thousands) | ||||||||||
2010 | 2009 | 2008 | 2010 | 2009 | 2008 | ||||||
Net Sales | $ 11,016 | $ 4,411 | $ 4,056 | $ 20,563 | $ 10,479 | $ 9,260 | |||||
Operating Income | 780 | 113 | (5) | 717 | 814 | 651 | |||||
Net Income | 473 | 19 | (46) | 362 | 737 | 272 | |||||
Total Assets | 29,299 | 24,213 | 32,025 | 29,299 | 25,798 | 27,104 | |||||
Long-term Obligations | 4,715 | 5,210 | 6,174 | 4,715 | 6,345 | 6,416 | |||||
Stockholders'' Equity | 16,745 | 13,956 | 12,462 | 16,745 | 13,219 | 12,190 | |||||
Weighted Average Shares - Diluted | 56,267 | 55,501 | 54,852 | 56,170 | 55,501 | 54,852 | |||||
New Product Research and Development Cost | 399 | 463 | 297 | 818 | 958 | 917 | |||||
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Management Comments
Butler National Corporation continues to thrive in the Aerospace & Defense Industry. As detailed in our press release of December 9, 2010, Butler National Corporation was the:
We continue to move confidently throughout fiscal year 2011 to build on this success. Business Segment Highlights
Forward-Looking Information: |
FOR MORE INFORMATION, CONTACT: | |
Humanity Worldwide Capital Group Butler National Corporation Investor Relations | Ph (914) 479-9060 Ph (214) 498-7775 |
THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.