Butler National Corporation, based in Olathe, reported a second quarter loss of $345,000 on Tuesday, citing softness in both professional services and the aerospace sector.
According to a news release from the company – which provides structural modification, maintenance, repair and overhaul in the aerospace industry and personnel and management services for a more diverse set of businesses – revenue dropped in both professional services and aerospace products.
Although the company reduced costs by $2.4 million in the first six months of the fiscal year, compared to the same period in fiscal 2013, it wasn’t enough to avoid a loss.
For the same quarter of 2012, Butler reported net income of $114,000. And for the second quarter of 2011, net income was $458,000 according to information from the company.
Butler officials said they were “seeing continued resurgence in Aerospace Products,” according to the release, with increases in orders and in backlog.