Butler National Corp. engages in the design, engineer, manufacture, sell, integrate, install, repair, modify, overhaul, service, and distribute a broad portfolio of aero structures, avionics, aircraft components, accessories, subassemblies, and systems. It operates through Professional Services and Aerospace Products segments. The Professional Services segment includes management of gaming facilities and related dining and entertainment facilities in Kansas and Oklahoma. The Aerospace Products segment focuses on the manufacture, sale, and service of electronic equipment and systems and technologies to enhance and support products related to aircraft. The company was founded in 1960 and is headquartered in Olathe, KS.
Revenue increased 22% to $58.7 million in fiscal 2019, compared to $48.3 million in fiscal 2018. See "Operations by Segment" below for a discussion of the primary reasons for the decrease in revenue.
Professional Services derives its revenue from (a) professional management services in the gaming industry through Butler National Service Corporation ("BNSC") and BHCMC, LLC ("BHCMC"), and (b) professional architectural, engineering and management support services through BCS Design, Inc. ("BCS"). Revenue from Professional Services increased 2% to $32.0 million in fiscal 2019 compared to $31.3 million in fiscal 2018.
Aerospace Products derives its revenue by designing, engineering, manufacturing, installing, servicing and repairing products for classic and current production aircraft. Aerospace Products revenue increased 57% to $26.7 million in fiscal 2019 compared to $17.0 million in fiscal 2018.