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NEW CENTURY, Kan. - Butler National Corporation (OTCQX: BUKS), a company specializing in aircraft modifications and gaming management services, has announced the appointment of retired Lieutenant General Michael Loh to its Board of Directors. The addition of Lt. Gen. Loh follows the voluntary departure of Aric Peters from the board.
Lt. Gen. Loh, a U.S. Air Force Academy graduate with over 40 years of service, brings extensive experience to the board, including his last assignment as the Director of the U.S. Air National Guard. In this role, he oversaw policies, plans, and programs for over 108,400 personnel and managed a $14 billion budget. His military career includes multiple deployments and over 125 combat flight hours.
Christopher Reedy, President and CEO of Butler National, expressed his enthusiasm for Lt. Gen. Loh's appointment, citing his vast knowledge, experience, and pilot perspective as valuable assets for the company's growth, particularly in the aviation sector.
Mr. Aric Peters, VP and Director of Sales at Butler National, also welcomed Lt. Gen. Loh, highlighting potential expansion in sales opportunities, especially regarding Special Mission Modifications.
Butler National Corporation, with a history spanning five decades, operates in both the Aerospace and Professional Services industries. The Aerospace Products segment focuses on aircraft structural modifications and electronic equipment manufacturing, servicing special mission and commercial aviation. The company also manages two FAA Repair Stations and specializes in enhancements to various turbine-powered aircraft.
The Professional Services segment is responsible for managing gaming and entertainment facilities, including the Boot Hill Casino and Resort in Dodge City, Kansas, which offers a range of slot machines, table games, and a sportsbook.
InvestingPro Insights
In the wake of the announcement regarding Lt. Gen. Michael Loh joining the Board of Directors, Butler National Corporation (OTCQX: BUKS) has been demonstrating solid financial performance. The company's commitment to shareholder value is evident with management's aggressive share buyback strategy, as highlighted by one of the InvestingPro Tips. This is a strategic move that often signals confidence in the company's future prospects and can potentially increase earnings per share.
Another key point from the InvestingPro Tips is the company's high shareholder yield, which is a holistic measure of shareholder return that includes dividends, share repurchases, and debt reduction. While Butler National does not pay a dividend, the combination of share buybacks and financial performance contributes to an attractive shareholder yield.
From a valuation perspective, Butler National is trading at a low earnings multiple with a P/E Ratio of 5.3, which could suggest that the stock is undervalued relative to its earnings. The company's market capitalization stands at $63.43M, emphasizing its position in the market. Furthermore, Butler National's revenue growth over the last twelve months as of Q4 2024 was 4.25%, with a more significant quarterly increase of 12.65%, reflecting positive business momentum.
Investors looking for more insights can find additional InvestingPro Tips for Butler National, which include metrics such as return on assets and price performance relative to the 52-week high, by visiting https://www.investing.com/pro/BUKS. There are a total of 9 InvestingPro Tips available that could provide a more comprehensive understanding of Butler National's financial health and investment potential.
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