Core Insights - Butler National Corporation reported strong financial results for Q3 FY2026, with significant increases in revenue, operating income, and net income compared to the same period last year [1] Financial Performance - Earnings per share rose to $0.10 from $0.05, reflecting a 100% increase [1] - Net income surged 98% to $6.7 million, up from $3.4 million [1] - Operating income increased 129% to $9.2 million, compared to $4.0 million [1] - Revenue grew 27% to $26.9 million, up from $21.2 million [1] Historical Financial Data - For the nine months ended January 31, 2026, revenue reached $70.3 million, up from $62.4 million in the previous year [1] - Operating income for the nine months was $21.0 million, compared to $12.4 million [1] - Net income for the nine months was $16.4 million, up from $9.2 million [1] Balance Sheet Highlights - Total assets as of January 31, 2026, were $141.0 million, an increase from $123.3 million as of April 30, 2025 [1] - Long-term liabilities decreased to $29.4 million from $33.8 million [1] - Stockholders' equity increased to $76.3 million from $65.1 million [1] Business Segment Performance - Aerospace Products segment revenue increased 50% to $17.1 million, driven by a $3.1 million rise in aircraft modification activity and a $2.3 million increase in special mission electronics sales [1] - Professional Services segment revenue was $9.9 million, slightly up from $9.8 million, with mobile sports wagering revenue increasing to $2.2 million from $1.8 million [1] - Traditional casino gaming revenue decreased by 5% to $6.5 million due to economic pressures in the regional agricultural economy [1] Backlog Information - As of January 31, 2026, the backlog totaled approximately $37.0 million, compared to $35.2 million in the previous year [1]