Butler National repurchases 2.41 million shares, launches new buyback

NEW CENTURY, Kan. - Butler National Corporation (OTCQX:BUKS), whose stock has surged 77% over the past year according to InvestingPro data, has repurchased 2.41 million shares of its outstanding common stock since April 30, 2025, at an average price of $1.51 per share, the company announced Wednesday. The company currently trades below its Fair Value, suggesting potential upside opportunity.

Following this buyback activity, the aircraft modification and gaming services provider has closed its 2016 Stock Repurchase Program and established a new $5 million repurchase program authorized through April 2027.

The new program represents authorization to repurchase approximately 4.8% of the company’s 64.85 million outstanding shares at current market prices.

For the shares already repurchased, Butler National had paid $2.9 million to sellers as of July 31, 2025, with remaining payment obligations of $0.9 million due before December 31, 2025.

"The Butler National Board of Directors has made stock repurchases a priority," said Jeffrey D. Yowell, Executive Chairman, in the press release statement. "Management has worked diligently to repurchase Butler National common stock through private transactions when larger amounts of shares become available."

The company plans to repurchase shares in open market and privately negotiated transactions in accordance with federal securities laws. Management will determine the actual timing, number and value of shares repurchased based on factors including share price, market conditions, and legal requirements.

Butler National operates in aerospace products and professional services segments, including aircraft modifications and managing a gaming facility in Dodge City, Kansas. The company maintains a "GREAT" financial health score according to InvestingPro, which offers 8 additional key insights about the company’s performance and valuation metrics.

In other recent news, Butler National Corporation announced the appointment of Adam Sefchick as the new Chief Financial Officer. Sefchick, a Certified Public Accountant, brings extensive experience in financial management and SEC reporting to the company. Before joining Butler National, he served as the Chief Accounting Officer at Jack Cooper, where he managed financial reporting and SEC filings. Sefchick’s role at Butler National will include overseeing financial operations and accounting practices as the principal financial and accounting officer. His expertise in business information systems is expected to aid in enhancing the company’s operational efficiencies and financial structure. This appointment is part of Butler National’s strategic efforts to strengthen its financial management team.

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