Elbit Systems(ESLT) Prnewswire·2025-05-20 08:44Core Insights - Elbit Systems reported strong financial results for Q1 2025, with revenues 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 1,554.0 million in Q1 2024, marking a 22% increase [4]. - GAAP gross profit was 374.1 million (24.1% of revenues) in Q1 2024 [6]. - Non-GAAP gross profit for Q1 2025 was 383.4 million (24.7% of revenues) in Q1 2024 [6]. - GAAP operating income increased to 105.4 million (6.8% of revenues) in Q1 2024 [8]. - Non-GAAP operating income rose to 121.6 million (7.8% of revenues) in Q1 2024 [8]. - GAAP net income attributable to shareholders was 73.7 million (4.7% of revenues) in Q1 2024 [10]. - Non-GAAP net income attributable to shareholders was 80.7 million (5.2% of revenues) in Q1 2024 [10]. - GAAP diluted earnings per share were 1.65 in Q1 2024 [11]. Order Backlog and Cash Flow - The order backlog as of March 31, 2025, totaled 161 million [3]. - Cash flow from operating activities was 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].