Elbit Systems Ltd. (NASDAQ:ESLT) Q2 2020 Earnings Conference Call August 13, 2020 9:00 AM ET Company Participants Rami Myerson - Director, IR Bezhalel Machlis - President and CEO Joseph Gaspar - CFO Conference Call Participants Pete Skibitski - Alembic Global Dina Korshunov - Leader Capital Markets Ella Fried - Bank Leumi Operator Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems Second Quarter 2020 Results Conference Call. All participants are present in listen-only mode. Following ...

Financial Data and Key Metrics Changes - Elbit Systems reported Q1 2020 revenues of $1.071 billion, a 5% increase year-over-year [13] - Non-GAAP gross margin was 27.6%, similar to 27.7% in Q1 2019, while GAAP gross margin was 27% compared to 27.2% last year [15] - Non-GAAP operating income was $90.4 million (8.4% of revenues) compared to $84 million (8.2% of revenues) last year [15] - GAAP operating income increased to $80 million from $76 million in the previous year [15] - Non-GAAP diluted earnings per share was $1.63, up from $1.54 in Q1 2019, while GAAP EPS rose to $1.44 from $1.18 [20] Business Line Data and Key Metrics Changes - Airborne system sales accounted for 36% of total sales, increasing due to growth in military aircraft systems to U.S. customers [13] - Electro-optics represented 11% of total sales, also increasing mainly due to the acquisition of the Night Vision operation [13] Market Data and Key Metrics Changes - North America contributed 34% of revenues, followed by Israel at 23%, Asia Pacific at 20%, and Europe at 17% [14] - Growth in North America offset declines in Israel, Europe, and Asia Pacific, primarily driven by airborne system sales and the Night Vision acquisition [14] Company Strategy and Development Direction - The company is focused on maintaining business continuity and protecting employee safety amid the COVID-19 pandemic [5][26] - Elbit Systems has implemented cost control measures and increased cash management to mitigate financial impacts [8][30] - The company aims to leverage its technological advancements and diverse geographical client base to enhance its market position [30] Management's Comments on Operating Environment and Future Outlook - Management noted that the financial impact of COVID-19 has not been material so far, but some disruptions are expected [6][9] - The backlog of orders as of March 31, 2020, was $10.8 billion, indicating strong visibility and long-term revenue potential [11][21] - Management expressed optimism about returning to pre-pandemic operational levels and highlighted ongoing demand for high-technology solutions [35] Other Important Information - The board declared a reduced dividend of $0.35 per share for Q1 2020 as part of efforts to address the pandemic's impact [24] - The company has a healthy balance sheet with adequate cash levels and access to credit facilities [8][23] Q&A Session Summary Question: Impact on cash flow in Q1 - Management acknowledged that cash flow was impacted by increased inventory and payments to suppliers, resulting in a $10 million outflow [40][41] Question: Cost savings measures - Management implemented temporary salary reductions for executives and reduced overhead expenses, focusing on critical activities [43][44] Question: Organic sales growth expectations - Management indicated it is too early to predict organic sales growth due to the ongoing COVID-19 situation [48] Question: Supplier payments and receivables - Management clarified that they paid approximately $100 million to suppliers and increased inventory by $80 million to ensure timely deliveries [51][52] Question: Defense budgets and market strength - Management noted stability in defense budgets across various regions, with additional investments in the U.S. [54][56] Question: C4ISR market outlook - Management expressed confidence in the C4ISR market, citing potential contracts in Switzerland and the Netherlands [57] Question: Exposure to commercial aerospace - Management reported limited impact from the commercial aerospace sector, with a couple of hundred million dollars in business and no significant negative effects [60][62] Question: Cyberbit transaction impact - Management confirmed that the Cyberbit transaction would not materially change revenue reporting, as only defense cyber revenue is consolidated [63]

Elbit Systems Ltd. (NASDAQ:ESLT) Q4 2019 Earnings Conference Call March 25, 2020 9:00 AM ET Company Participants Rami Myerson - Director, IR Jose Gaspar - CFO Bezhalel Machlis - President & CEO Conference Call Participants Pete Skibitski - Alembic Global Sheila Kahyaoglu - Jefferies Operator Welcome to Elbit Systems Fourth Quarter and Full Year 2019 Results Conference Call. All participants are present in a listen-only mode. Following management's formal presentation, instructions will be given for the ques ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, nominal value 1.0 New Israeli Shekel per shareESLT The NASDAQ Global Select Market FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2019 Commission File No. 0-28998 ELBIT SYSTEMS LTD. (Exact name of registrant as specified in its charter and translation of r ...

Elbit Systems Ltd. (NASDAQ:ESLT) Q3 2019 Results Earnings Conference Call November 26, 2019 9:00 AM ET Company Participants Ehud Helft - GKIR Jose Gaspar - CFO Bezhalel Machlis - President and CEO Conference Call Participants Pete Skibitski - Alembic Global Ella Fried - Bank Leumi Operator Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems Third Quarter 2019 Results Conference Call. All participants are at present in listen-only mode. Following managementÂ's formal presentation, instr ...

Elbit Systems Ltd. (NASDAQ:ESLT) Q2 2019 Results Earnings Conference Call August 15, 2019 8:30 AM ET Company Participants Ehud Helft - GK Investor Relations Jose Gaspar - CFO Bezhalel Machlis - President and CEO Conference Call Participants Pete Skibitski - Alembic Global David Fingold - Dynamic Funds Operator Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems Second Quarter 2019 Results Conference Call. All participants are at present in listen-only mode. Following managementÂ's form ...

Elbit Systems Ltd. (NASDAQ:ESLT) Q1 2019 Earnings Conference Call May 28, 2019 9:00 AM ET Company Participants Kenny Green - GKIR Jose Gaspar - CFO Bezhalel Machlis - President and CEO Conference Call Participants Pete Skibitski - Alembic Global Ella Fried - Bank Leumi Operator Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems First Quarter 2019 Results Conference Call. All participants are at present in listen-only mode. Following managementÂ's formal presentation, instructions will ...

Elbit Systems Ltd (NASDAQ:ESLT) Q4 2018 Earnings Conference Call March 19, 2019 10:00 AM ET Company Participants Ehud Helft - GK, IR Bezhalel Machlis - President and CEO Jose Gaspar - CFO Conference Call Participants Pete Skibitski - Alembic Global Operator Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems Fourth Quarter and Full-Year 2018 Results Conference Call. All participants are at present in a listen-only mode. Following management’s formal presentation, instructions will be g ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2018 Commission File No. 0-28998 ELBIT SYSTEMS LTD. (Exact name of registrant as specified in its charter and translation of registrant's name into English) Israel (Jurisdiction of incorporation or organization) Advanced Technology Center, Haifa 3100401, Israel (Address of principal executive offices) Jos ...