Butler National raises stock buyback program to $11.9 million

Butler National Corporation (OTCQX: BUKS) said its Board of Directors has authorized a $10 million increase to its existing common stock repurchase program, bringing the total available authorization to approximately $11.9 million, according to a press release.

The Board also extended the repurchase program through April 30, 2029. The company, based in New Century, Kan., operates in aerospace modification and maintenance as well as gaming management services.

Since April 30, 2026, Butler National has repurchased approximately 300,000 shares of its common stock at an average price of $4.16 per share.

Shares may be repurchased through open market and privately negotiated transactions in accordance with applicable federal securities laws. The timing, number and value of shares repurchased will be determined by management based on factors including stock price, market conditions and legal requirements.

"The Butler National Board of Directors continues to view stock repurchases as an important component of our capital allocation strategy," said Jeffrey D. Yowell, Executive Chairman. "We believe the increased authorization provides us with additional flexibility to return capital to shareholders when market conditions make repurchases attractive, while continuing to invest in the long-term growth of our businesses."

The program does not obligate the company to repurchase any specific dollar amount or number of shares, and may be modified, suspended, extended or terminated by the Board at any time without prior notice.

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