Butler National Corporation announced on August 13, 2025, that it has repurchased 2.41 million of its outstanding common shares since April 30, 2025. The average price paid for these repurchased shares was $1.51 per share. This action led to the closure of the company's 2016 Stock Repurchase Program.
Concurrently, the Board of Directors established a new $5 million 2025 Stock Repurchase Program, authorized through April 2027. This new program represents authorization to repurchase approximately 4.8% of the 64,854,736 outstanding shares at current market prices. For the 2.41 million shares already repurchased, the company 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.
Executive Chairman Jeffrey D. Yowell emphasized that stock repurchases are a priority for the Board, reflecting confidence in Butler National's long-term growth prospects and a commitment to enhancing shareholder value. The timing, number, and value of future repurchases under the new program will depend on market conditions and legal requirements.
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