Elbit Systems Ltd
TASE:ESLT

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Elbit Systems Ltd Logo
Elbit Systems Ltd
TASE:ESLT
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Price: 156 700 ILS 2.55%
Market Cap: 69.3B ILS

Elbit Systems Ltd
Investor Relations

Elbit Systems Ltd., an Israeli juggernaut in the defense technology arena, has grown into a formidable player on the global stage by leveraging cutting-edge innovation and strategic diversification. Emerging from its roots in electronics, Elbit has deftly expanded its portfolio across various defense and technology sectors. This includes aerospace, land, and naval systems, as well as command and control technologies and cybersecurity solutions. The company harnesses its engineering prowess to deliver hi-tech instruments such as unmanned aerial vehicles (drones), advanced communication systems, and electronic warfare equipment. By aligning its offerings with the complex needs of modern militaries, Elbit has secured a robust stream of government contracts and partnerships worldwide, thereby carving out a vigorous revenue stream that fuels its growth and research endeavors.

The business acumen of Elbit Systems extends beyond just selling products; it thrives on understanding and anticipating the shifting dynamics of defense and security requirements. The company has strategically positioned itself to serve both governmental and commercial clients, addressing multifaceted security demands. For instance, through its acquisition of other firms and relentless R&D investments, Elbit modernizes existing military platforms and integrates new state-of-the-art technologies into their designs. By maintaining this proactive stance, Elbit has cultivated lasting relationships with countries looking to bolster their defense capabilities. This knack for innovation and adaptation not only fortifies its bottom line but also ensures its status as an indispensable partner in defense strategies across numerous regions.

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Last Earnings Call
Fiscal Period
Q1 2023
Call Date
May 30, 2023
AI Summary
Q1 2023

Revenue Growth: Elbit Systems reported first quarter revenue of $1.393 billion, up from $1.353 billion in the same period last year.

Backlog Expansion: The order backlog reached $15.8 billion, a 15% increase year-over-year, with more than half expected to convert to revenue in 2023 and 2024.

Margin Improvement: Gross margin improved to 25.9% from 24.2% a year ago, and operating margin also increased.

EPS Increase: Diluted EPS rose to $1.40 from $1.19 in the previous year.

Operational Transformation: Management emphasized progress on operational transformation and investments in new manufacturing facilities to meet growing demand.

Strong Demand: The company is benefiting from heightened global demand for artillery systems and related solutions, driven in part by lessons from the Russia-Ukraine conflict.

Segment Performance: Notable segment trends include a 10% decline in Aerospace revenue, but increases in C4I and Cyber (up 19%), ISTAR and EW (up 17%), and Land (up 8%).

Key Financials
Revenue
$1.393B
Gross Margin
25.9%
Operating Income
$94M
Operating Margin
6.7%
Diluted EPS
$1.40
Order Backlog
$15.8B
Operating Cash Flow
$73M outflow
Dividend per Share
$0.50
Earnings Call Recording
Other Earnings Calls
2023
2022

Management

Mr. Bezhalel Machlis
President & CEO
No Bio Available
Mr. Yoram Shmuely
Executive VP & GM of Aerospace Division
No Bio Available
Mr. Yehuda Vered
Executive VP & GM of Land Division
No Bio Available
Mr. Oren Sabag
Executive VP and GM of ISTAR & EW
No Bio Available
Dr. Yaacov Kagan Ph.D.
Executive VP & CFO
No Bio Available
Mr. Yuval Ramon
Executive VP & COO
No Bio Available
Mr. Yehoshua Yehuda
Executive Vice President of Strategy & CTO
No Bio Available
Mr. Rami Myerson
Director of Investor Relations
No Bio Available
Mr. David Block Temin
Executive VP, Chief Compliance Officer & Senior Counsel
No Bio Available
Mr. Jonathan Ariel
Executive VP & Chief Legal Officer
No Bio Available

Contacts

Address
Haifa
Advanced Technology Center, P.O.B. 539
Contacts
+972772940000.0
www.elbitsystems.com