New Century, Kan. – October 07, 2026 -- Butler National Corporation (OTCQX: BUKS) has authorized a $10 million increase to its common stock repurchase program, lifting total available authorization to approximately $11.9 million and extending the window for buybacks through April 30, 2029.
Board expands buyback capacity to $11.9 million through 2029
The aerospace modification, MRO and gaming management company said the increased authorization gives management added flexibility to repurchase shares when market conditions are deemed favorable for long-term shareholders. The decision followed the Board's review of the Company's financial position, expected capital requirements and growth investment opportunities.
Company has bought back 300,000 shares at $4.16 average price since April 2026
Since April 30, 2026, Butler National has repurchased approximately 300,000 of its outstanding shares, at an average price of $4.16 per share. Repurchases under the program will continue through open market and privately negotiated transactions, subject to applicable federal securities laws.
"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. He said the expanded authorization balances returning capital to shareholders with continued investment in the Company's aerospace and gaming businesses.
Program retains full discretion with no mandatory purchase targets
Butler National stated the repurchase program does not obligate the Company to acquire 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. Timing and volume of future repurchases will depend on stock price, market conditions and legal requirements, the Company said.