Core Viewpoint - The Paris Air Show has seen the closure of four Israeli company booths due to their refusal to remove offensive weapons, reflecting heightened sensitivities regarding the situation in Gaza [1] Group 1: Company Responses - The four Israeli companies affected include Elbit Systems, Rafael, Israel Aerospace Industries, and UVision, all of which had their booths closed by the event organizers [1] - Other Israeli companies without hardware displays, as well as the Israeli Ministry of Defense's booth, remain open during the event [1] Group 2: Government Statements - French Prime Minister Borne stated that given the situation in Gaza, offensive weapons should not be present at the air show [1] - The Israeli Ministry of Defense condemned the actions of the Paris Air Show organizers as "outrageous and unprecedented," demanding the immediate removal of the black barriers [1]

Company Performance - Elbit Systems (ESLT) shares have increased by 10.7% over the past month, reaching a new 52-week high of $433.18, and have gained 67.2% since the start of the year, outperforming the Zacks Aerospace sector (18.7%) and the Aerospace - Defense Equipment industry (19%) [1] - The company has consistently exceeded earnings expectations, reporting EPS of $2.57 against a consensus estimate of $2.3 in its last earnings report, with a revenue beat of 12.31% [2] Financial Projections - For the current fiscal year, Elbit is projected to achieve earnings of $10.85 per share on revenues of $7.77 billion, reflecting a 23.86% increase in EPS and a 13.84% increase in revenues [3] - In the next fiscal year, earnings are expected to rise to $13.65 per share on $8.54 billion in revenues, indicating a year-over-year change of 25.81% in EPS and 9.91% in revenues [3] Valuation Metrics - Elbit has a Value Score of D, with Growth and Momentum Scores of B, resulting in a VGM Score of B [6] - The stock trades at 39.8X current fiscal year EPS estimates, which is above the peer industry average of 37.6X, and at 34.9X trailing cash flow compared to the peer group's average of 22.6X [6] Zacks Rank - Elbit currently holds a Zacks Rank of 1 (Strong Buy) due to favorable earnings estimate revisions from analysts, making it a suitable choice for investors looking for strong performance [7] Industry Comparison - Astronics Corporation (ATRO), a peer in the industry, also shows strong performance with a Zacks Rank of 1 (Strong Buy) and is expected to post earnings of $1.50 per share on revenues of $846.29 million for the current fiscal year [8][9] - The Aerospace - Defense Equipment industry is positioned in the top 16% of all industries, indicating positive market conditions for both ESLT and ATRO [10]

Group 1: Company Performance - Leonardo DRS, Inc. has returned 38.2% year-to-date, outperforming the average gain of 19.2% in the Aerospace group [4] - The Zacks Consensus Estimate for DRS' full-year earnings has increased by 0.7% over the past 90 days, indicating improved analyst sentiment [4] - DRS currently holds a Zacks Rank of 2 (Buy), suggesting a positive earnings outlook [3] Group 2: Industry Context - The Aerospace group is ranked 1 within the Zacks Sector Rank, which evaluates 16 different groups based on the average Zacks Rank of individual stocks [2] - Leonardo DRS is part of the Aerospace - Defense Equipment industry, which consists of 27 companies and is currently ranked 30 in the Zacks Industry Rank [6] - Stocks in the Aerospace - Defense Equipment industry have gained approximately 18.6% year-to-date, indicating that DRS is performing better than its peers in this specific industry [6] Group 3: Comparison with Peers - Elbit Systems, another stock in the Aerospace sector, has achieved a year-to-date return of 66.5% and has a Zacks Rank of 1 (Strong Buy) [5] - Over the past three months, Elbit Systems' consensus EPS estimate has increased by 22.6%, reflecting strong performance in the sector [5] - Both Leonardo DRS and Elbit Systems are highlighted as stocks to watch for continued solid performance in the Aerospace sector [7]

Company Overview - Elbit Systems (ESLT) currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing context [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical track record of outperforming the market [4] Price Performance - Over the past week, ESLT shares increased by 2.59%, while the Zacks Aerospace - Defense Equipment industry rose by 3.42% [6] - In a longer time frame, ESLT's monthly price change is 9.07%, compared to the industry's 10.77% [6] - Over the past quarter, shares of Elbit Systems have increased by 12.4%, and gained 125.52% in the last year, significantly outperforming the S&P 500, which moved 4.46% and 13.71% respectively [7] Trading Volume - ESLT's average 20-day trading volume is 155,793 shares, which serves as a price-to-volume baseline for assessing stock momentum [8] Earnings Outlook - In the past two months, one earnings estimate for ESLT has moved higher, while none have moved lower, resulting in an increase of the consensus estimate from $9.60 to $10.85 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10] Conclusion - Considering the positive price trends, strong earnings outlook, and favorable momentum indicators, Elbit Systems is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment opportunity [12]

Core Viewpoint - Elbit Systems (ESLT) is experiencing solid improvements in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimate Revisions - There is a rising trend in earnings estimate revisions due to growing analyst optimism regarding Elbit's earnings prospects, which is expected to positively impact its stock price [2]. - The current-quarter earnings estimate is projected at $2.58 per share, reflecting a year-over-year increase of +24.04%, with a 16.22% rise in consensus estimates over the last 30 days [5]. - For the full year, the earnings estimate is expected to be $10.70 per share, indicating a +22.15% change from the previous year, with a 9.18% increase in consensus estimates over the past month [6][7]. Zacks Rank and Performance - Elbit currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock outperformance [3][8]. - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [8]. Investment Outlook - The stock has increased by 5.3% over the past four weeks due to strong estimate revisions, suggesting potential for further upside, making it a candidate for portfolio addition [9].

Core Viewpoint - Elbit Systems Ltd. has announced a public offering of 1,365,450 ordinary shares priced at $375 per share, with gross proceeds expected to be approximately $512 million before deductions [1][2]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 204,817 shares at the public offering price [1]. - The offering is expected to close on May 23, 2025, subject to customary closing conditions [1]. - The shares will be listed for trading on the Nasdaq Global Select Market [1]. Group 2: Financial Information - The gross proceeds from the offering are anticipated to be around $512 million, assuming no exercise of the underwriters' option [2]. - Elbit Systems plans to use the net proceeds for general corporate purposes [2]. Group 3: Underwriters - BofA Securities, J.P. Morgan, Jefferies, and Morgan Stanley are acting as joint book-running managers for the offering [3]. - Barak Capital Underwriting is serving as a placement agent for the underwriters in Israel [3]. Group 4: Company Overview - Elbit Systems is a leading global defense technology company, employing approximately 20,000 people across five continents [6][7]. - The company reported revenues of $1.9 billion for the three months ended March 31, 2025, with an order backlog of $23.1 billion as of that date [7].

Core Viewpoint - Elbit Systems Ltd. announced a public offering of 1,365,450 ordinary shares, all of which will be sold by the company, with a potential additional 15% option for underwriters [1][2][3] Group 1: Offering Details - The offering is made under an effective shelf registration statement on Form F-3 filed with the SEC on May 21, 2025, which became effective immediately [3] - The net proceeds from the offering will be used for general corporate purposes [1] - The ordinary shares are expected to be listed for trading on the Nasdaq Global Select Market [1] Group 2: Underwriters - BofA Securities, J.P. Morgan, Jefferies, and Morgan Stanley are engaged as joint book-running managers for the offering [2] Group 3: Company Overview - Elbit Systems is a leading global defense technology company, employing approximately 20,000 people across five continents [5][6] - The company reported revenues of $1.9 billion for the three months ended March 31, 2025, and has an order backlog of $23.1 billion as of that date [6]

Core Insights - Elbit Systems reported strong financial results for Q1 2025, with revenues of $1.9 billion, a 22% increase from Q1 2024, and a GAAP net income of $107.1 million, reflecting a significant growth trend in the defense sector due to increased global demand [1][3][10]. Financial Performance - Revenues for Q1 2025 were $1,895.8 million, compared to $1,554.0 million in Q1 2024, marking a 22% increase [4]. - GAAP gross profit was $454.3 million (24.0% of revenues) in Q1 2025, slightly down from $374.1 million (24.1% of revenues) in Q1 2024 [6]. - Non-GAAP gross profit for Q1 2025 was $460.6 million (24.3% of revenues), compared to $383.4 million (24.7% of revenues) in Q1 2024 [6]. - GAAP operating income increased to $149.7 million (7.9% of revenues) in Q1 2025 from $105.4 million (6.8% of revenues) in Q1 2024 [8]. - Non-GAAP operating income rose to $165.1 million (8.7% of revenues) in Q1 2025, up from $121.6 million (7.8% of revenues) in Q1 2024 [8]. - GAAP net income attributable to shareholders was $107.1 million (5.6% of revenues) in Q1 2025, compared to $73.7 million (4.7% of revenues) in Q1 2024 [10]. - Non-GAAP net income attributable to shareholders was $117.2 million (6.2% of revenues) in Q1 2025, up from $80.7 million (5.2% of revenues) in Q1 2024 [10]. - GAAP diluted earnings per share were $2.35 in Q1 2025, compared to $1.65 in Q1 2024 [11]. Order Backlog and Cash Flow - The order backlog as of March 31, 2025, totaled $23.1 billion, a 14% increase from Q1 2024 [12]. - Free cash flow generated during the quarter was $161 million [3]. - Cash flow from operating activities was $183.6 million in Q1 2025, compared to cash flow used in operating activities of $6.4 million in Q1 2024 [13]. Segment Performance - Aerospace revenues increased by 20% in Q1 2025, driven by higher Precision Guided Munition sales [5]. - C4I and Cyber revenues grew by 12%, primarily due to sales of radio systems and command and control systems [5]. - Land revenues surged by 48%, attributed to ammunition and munition sales [5]. - Elbit Systems of America revenues rose by 18%, reflecting increased sales in Warfighters systems and medical instrumentation [5]. Market Context - The ongoing "Swords of Iron" war has led to a material increase in demand for Elbit Systems' products from the Israel Ministry of Defense [13][14]. - The company is well-positioned to benefit from increasing defense budgets globally, particularly in Europe [3]. Dividend Declaration - The Board of Directors declared a dividend of $0.60 per share, with a record date of June 24, 2025, and payment scheduled for July 7, 2025 [18].

Core Points - Elbit Systems Ltd. will publish its First Quarter 2025 financial results on May 20, 2025 [1] - A conference call to discuss these results will be held on the same day at 9:00am ET [2] - The company reported $6.8 billion in revenues and an order backlog of $22.6 billion as of December 31, 2024 [5] Company Overview - Elbit Systems is a leading global defense technology company, providing advanced solutions for security [4] - The company employs approximately 20,000 people across five continents [5] - Elbit Systems develops, manufactures, integrates, and sustains next-generation solutions across multiple domains [4]

Core Insights - Elbit Systems experienced a significant share price increase of nearly 12% over the trading week following a strong earnings release [1] Financial Performance - For the fourth quarter and full year, Elbit reported revenues exceeding $1.93 billion, up from $1.63 billion in the same period of 2023 [2] - The company's non-GAAP adjusted net income surged 71% year over year to over $119 million, translating to $2.66 per share [2][3] - Both revenue and profit figures surpassed consensus analyst estimates, which were $1.75 billion in revenue and an adjusted profit of $1.85 per share [3] Operational Highlights - Elbit noted that this quarter marked its fourth consecutive quarter of double-digit revenue growth [3] - CEO Butzi Machlis highlighted the company's success in securing significant contracts globally and emphasized the importance of investments in R&D and production infrastructure [4] Order Backlog - Elbit's order backlog at the end of December stood at $22.6 billion, significantly higher than the $17.8 billion reported at the end of 2023 [5] - Approximately 57% of the backlog is scheduled for shipment within this year and the next [5] Industry Context - The increasing reliance on drone technology in global conflicts positions Elbit favorably for future growth [6]