BUKS - Earnings call 2 2022 | Butler National Corporation

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Operator

Good morning, ladies and gentlemen. Today is Thursday, December 16, and welcome to the Butler National Corporation Second Quarter Fiscal 2022 Financial Results Conference Call. [Operator Instructions] Your call leaders for today's call are David Drewitz, Creative Options Communications; Clark Stewart, President and CEO; Craig Stewart, President of Aerospace Group. I would now like to turn the call over to Mr. Drewitz. begin. Please

David Drewitz

good Happy and Christmas. and to morning you, holidays everyone. Merry Thank

statements call Mr. like to the historical Securities except the would begins, the information XXXX. Litigation this draw herein, Before as I Private to, safe to harbors Stewart outlined made forward-looking are and your provision attention contained Reform in pursuant of conference in for Act

materially cause from of unknown Butler known of significant results. loss statements and risks periods and to that which make the future market share due could governmental to companies, involve regulations competition include differ to or Butler actual National's capital risks otherwise, expenditures. competing may forecasted the by results safety, introduction require Those things, environmental technologies health among in and Forward-looking uncertainties, new other other

in or Important differ included National and filed Exchange to company's call, include, conference such forward-looking reflect this reflected factors in of only to, limited statements to update call could Butler date caption the the materially Securities the made publicly Form circumstances. statements under to expectations forward-looking factors statements the not events are The on XX-K that report of cause this actual undertakes obligation no are Factors described in but annual Risk Commission. the the with and forward-looking from subsequent results

to call So Mr. all going with I'm that Mr. Clark Stewart. over completed, turn the to it's yours. statement Stewart,

Clark D. Stewart

as the arise. listen I and first you, for may fiscal Drewitz. the Thank and appreciate all of to morning, Good be other 'XX gentlemen. and of performance quarters Butler discuss time to Mr. on questions year taking you ladies they call X and the National your to

we've just $XXX,XXX The filed quarter up is Form net certainly and in one that I -- income had think $XX great. the here, XX-Q you'll the quarters And from million revenue million in the quarter in over the probably that seen to notice As best of since company been little the for X quarter you've I've that's actual the we these $X best, ended. we are the previous end, is plus. the if

Craig D. Stewart

months. X

Clark D. Stewart

I just must at that's as ended, a of we is total -- $X.X It's realize numbers, total a mean We PPE. there all million change we X in I'm million. a these the months, sorry. look $X

Craig D. Stewart

PPP.

Clark D. Stewart

PPP, yes. we we XXXX. for that did COVID that did use. returned PPP, from forgiveness We the government receive, but funding June not in the of

contribution results really having have and -- we'd the we contribution believe said good operating the X casino with the have are So Aerospace that, that equal, for like almost which Interestingly enough, it. I to is way quarters. the

of real not amount of But that's good -- because same to in them the offset Aerospace both and have revenue casino doing the thing the it's our income. but real theory fluctuations to nice a was or the revenue

great our than So have is hiring we're fine. ready think everything in in backlog I Other be do. that, we're And people do We some we good. always seems as shape. questions. working for to David, problems

David Drewitz

open for questions. let's up right, All it

Operator

Instructions] [Operator

Capital. [indiscernible] Alex And from we have a question

Unknown Analyst

just on results quick great well. the really out ones. seems working everything I have Congratulations and be to X

years. there. ups it and think kind I call, about over business And last really you like Tempe it the big guys a had its doing First, of looks is on well. order talked know the downs I the that

could year? orders expect any expect business you that of just sort of of I would wanted of outcomes range orders perspective kind what business the and of the out would your of time. business over to on what get out be given in minimum of a So maximum that kind sort that Like of you

Craig D. Stewart

think, have anywhere calling say, thanks with it range gun $X years, the in around would -- can I Alex, business, been controls, I million for The Arizona morning. its in revenue. this lowest

the revenue. think seen was highest in I million $XX around we've

of where range now. kind that's right is your So

the than we're million. to $XX think million to tracking we are closer the I $X

think I pretty a customer, between range on and think that fiscal we're a normal of their I range now, $X say, right how is and But tracking somewhere and $XX and depends business. lot north is I year. million it for for million of now, million probably right a going. our $XX $XX the would primary $X business probably And million million

is worth. our think is million around almost backlog I which year's $XX right out there now, a

Control XXX range got Gun a of we've big one there mentioned Control to about you orders -- series from that order. about GCUs. got So We've Gun Units Units XXX out for

So those, a so. the to number next for busy us keep of or going there's and what's that's year

Unknown Analyst

the you done And partner, months steps the past all going were have really great XX then building, buying job to you you the over buying terms everything taken or of your guys you have do. so on casino in guys said out Great.

the levels of these invest kind probably million of operation generate year How and you business lot going will Aerospace $X that lot that? about -- next fixed prioritize couple And have the cash. areas or to, cash million know the a think $X at forward, there's debt in? guys are there. the use that to the payment a plan generates you of do schedule cash a are you of Going the guys a of you I of adhere But guys of to should casino how sort what over you years?

Craig D. Stewart

business, business. can looking smaller to a surrounding the opportunities, grow we're think, where recently some that in there here casino some that are go think I that we make the acquisition Dodge possibly and seen we've City I at. out There's opportunities in Aerospace

couple the want a continues we flow to of come that of with ways cash the cash to there's in, different million don't balance think as I $XX sit sheet. on

I modification is bit. here with in grow like the said, in for facility We're quite will again, business. in find invest that same we overflow sense There's Olathe, businesses makes to Dodge. the at there time, help acquisition. some some So But opportunities I it also the as do, give we we which that well business the think -- as goal that then what of improving can can avionics we're spending a capacity us through

So we area. and $X City think, are in hangar here million on the a Kansas space office about I spending, up

things we've doing So some but acquisition well. spending the we that that can grow top to are looking got what we're are as at some also line through money, do we

Operator

[Operator Instructions]

Clark D. Stewart

questions? of out run we Did

Operator

questions We this in have no at queue time.

Clark D. Stewart

proud patience thing. your Well, and your thank We this the for call to that we We're willingness think good. what we're this right appreciate Very you telephone doing, deal. doing listen to of we're great a morning. and

us, I Thank think. finished, for you joining and you. thank we're So

David Drewitz

Have holiday thank we'll Thank you. you. Everyone, season, Great. road. down be the a great and in touch

Operator

This concludes attending. today's for conference call. Thank you

Butler National (BUKS) 16 Dec 212022 Q2 Earnings call transcript