Elbit Systems Reports Second Quarter 2019 Results

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Go back to Elbit Systems Reports Second Quarter 2019 Results

Elbit Systems (ESLT) Reports Q2 EPS of $1.46 on Revenues of $1.06B

August 15, 2019 5:57 AM EDT

Elbit Systems (NASDAQ: ESLT) reported Q2 EPS of $1.46, versus $1.43 reported last year. Revenue for the quarter came in at $1.06 billion, versus $892.2 million reported last year.

Second quarter 2019 results:

Revenues in the second quarter of 2019 were $1,064.0 million, as compared to $892.2 million in the second quarter of 2018. The strong growth was driven mainly by the consolidation of IMI.Non-GAAP (*) gross profit amounted to $294.3 million (27.7% of revenues) in the second quarter of 2019, as compared to $254.8 million (28.6% of revenues) in the second quarter of 2018. GAAP gross profit in the second quarter of 2019 was $288.4 million (27.1%... More