Company did not provide specific guidance for future quarters or the full year
Q1 results
U.S. aircraft modification and gaming manager's fiscal Q1 revenue rose 53% yr/yr
EPS for fiscal Q1 increased to $0.08 from $0.06
Company repurchased 246,996 shares under ongoing share buyback program
Result drivers
Aircraft modifications - Revenue growth was primarily driven by increased aircraft modification activity, including larger and more complex special mission projects and repeat modifications using previously developed STCs.
Kit sales - Increased sales of modification kits for field installation, such as Cessna Caravan camera port kits and Avcon rails and Special Mission Pod kits for the King Air, contributed to revenue and margin performance.
Electronics demand - Butler National-Tempe saw strong demand for specialized electronic control systems and defense-related products, supporting revenue growth.
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