Butler National Expands Stock Buyback Program by $10 Million
Butler National Corporation is bolstering its capital return efforts, authorizing a $10 million increase to its common stock repurchase program. This move brings the total available authorization to approximately $11.9 million and extends the company’s window for buybacks through April 30, 2029, signaling confidence in its long-term financial trajectory.
The decision follows a period of active repurchasing, during which the Kansas-based aerospace and gaming firm bought back roughly 300,000 shares at an average price of $4.16 since late April. Executive Chairman Jeffrey D. Yowell noted that the board views these repurchases as a core component of capital allocation, balancing the need to return value to shareholders with ongoing investments in the company’s organic growth.
Management will oversee the execution of these buybacks through open market or private transactions, depending on market conditions, stock pricing, and broader economic factors. The company retains the discretion to modify or suspend the program at any time, maintaining flexibility to navigate the specific operational demands of its aerospace MRO services and its gaming operations, including the Boot Hill Casino and Resort.
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