Butler National Corporation Increases Stock Repurchase Authorization by $10 Million
Butler National Corporation has increased its common stock repurchase program authorization by $10 million, bringing the total available amount to approximately $11.9 million. The Board of Directors also extended the program through April 30, 2029. This decision reflects ongoing evaluation of capital allocation priorities and a belief that share repurchases can be an effective use of capital when balanced with investments in organic growth and strategic opportunities. The company has already repurchased approximately 300,000 shares since April 30, 2026 at an average price of $4.16 per share. The increased authorization provides flexibility to continue repurchasing shares under favorable market conditions. Management will determine the timing and number of repurchases based on factors such as stock price and economic conditions. Jeffrey D. Yowell, Executive Chairman, emphasized that this move reflects confidence in Butler National's long-term prospects and commitment to shareholder value creation.
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