Butler Natl Corp

Good morning, ladies and gentlemen. Today is Thursday, March 17th. And welcome to the Butler National Corporation third quarter fiscal 2022 financial results conference call. At this time, all participants will be in a listen only mode. After the presentation, we will conduct a question and answer session. Operator assistance is available at any time during this call by pressing star zero. Your call leader for today's call are David Draywitz, Creative Options Communications, Clark Stewart, President and CEO, and Craig Stewart, President of Aerospace Group. I would now like to turn the call over to David Draywich. Mr. Draywich, you may begin.

I appreciate that. Thank you, and good morning to everyone. Before Mr. Stewart begins, I would like to draw your attention to except for historical information contained herein, the statements in this conference call are forward-looking and made pursuant to the Safe Harbor's provisions as outlined in the Private Security Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risk and uncertainties which may cause Butler National's actual results in future periods to differ materially from forecasted results. Those risks include, among other things, the loss of market share through competition or otherwise, the introduction of competing technologies by other companies, New governmental safety, health, and environmental regulations which could require Butler to make significant capital expenditures. The forward-looking statements included in this conference call are only made of the date of this call, and Butler National undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements include, but are not limited to, factors described under the caption risk factors in the company's annual report on the Form 10-K filed with the Securities and Exchange Commission. All right. With that statement concluded, I'm going to turn the call over to Mr. Clark Stewart. Mr. Stewart?

Thank you, Mr. Grayowitz. We appreciate everyone's time to listen to us and discuss the business of Butler National in our last nine months in the quarter. We've had a great quarter and a great nine months. Our income during the quarter is up 24%. The income of 2.7 million or 4 cents a share versus a penny a share last year. The nine months we're sitting at revenue 55 million versus 43 million income at $8.7 million versus $809,000. So we have $0.12 a share versus a penny a share last year for the nine months. Our backlog is strong at about $18.5 million, and that's down a little from the previous, from July and from October. But we do have some prospects, and we expect the backlog to continue to hold them. at that level or maybe grow a little bit. Our staffing is always a challenge as we talk about each time and nothing really has changed there. We still need good people and we work to get good people and we seem to be holding on to them. The casino business is good, 18% of February this year versus February last year. What's going on in the casino business is a good strong market in western Kansas in our market area. February number of visitors down 8-9%. Hour of the spend for visitors spend per visit is up about 29%. So we have fewer people spending more money. And we continue our work with the Kansas legislature to maintain our position in the gaming market. And of course, everyone knows that we're in the airplane business in the legislature, and they don't give us much trouble with that. So I would call your attention to the risk factors. And I would tell you that we're all optimistic here that that the air is going to come out very well in our future looks good. And Mr. Dray with us all my comments.