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ELBIT SYSTEMS REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
Elbit Systems Ltd. ("Elbit Systems" or the "Company") (NASDAQ: ESLT) (TASE: ESLT), the international high technology defense company, reported today its consolidated results for the fourth quarter and full year ended December 31, 2024.
About this update from Elbit Systems Ltd
[{"type":"text","content":"Backlog of orders at $22.6 billion; Revenues of $6.8 billion; Non-GAAP net income of $392 million; GAAP net income of $321 million; Non-GAAP net EPS of $8.76; GAAP net EPS of $7.18 ","length":182,"tagName":"p","attribs":{}},{"type":"text","content":"HAIFA, Israel, March 18, 2025 /PRNewswire/ -- Elbit Systems Ltd. ("Elbit Systems" or the "Company") (NASDAQ: ESLT) (TASE: ESLT), the international high technology defense company, reported today its consolidated results for the fourth quarter and full year ended December 31, 2024.","length":311,"tagName":"p"},{"type":"image","alt":"Elbit_Systems_Logo","displaySize":"","headline":null,"caption":"Elbit_Systems_Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":137,"url":"https://media.zenfs.com/en/prnewswire.com/ba0e5b29bfda25d5f080aa939b16aecd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zTe7_Gyp4dQTrjZ4phm21A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/ba0e5b29bfda25d5f080aa939b16aecd","width":400,"height":137}}},{"type":"text","content":"In this release, the Company is providing US-GAAP results as well as additional non-GAAP financial data, which are intended to provide investors a more comprehensive view of the Company's business results and trends. For a description of the Company's non-GAAP definitions see page 7 below, "Non-GAAP financial data". Unless otherwise stated, all financial data presented is US-GAAP financial data.","length":416,"tagName":"p"},{"type":"text","content":"Management Comment:","length":19,"tagName":"p"},{"type":"text","content":"Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented:","length":77,"tagName":"p"},{"type":"text","content":""Elbit Systems reports a solid set of annual and quarterly results today with a fourth consecutive quarter of double-digit growth in revenues and backlog year-over-year. In addition to these strong metrics Elbit Systems generated $320 million in free cash flow. The Company has secured significant contracts worldwide, with its advanced technologies achieving major successes and milestones alongside investments in R&D and production infrastructure. Our global presence and diversified portfolio position us well to capture increasing global defense budget...