Elbit Systems Reports First Quarter 2020 Results

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Go back to Elbit Systems Reports First Quarter 2020 Results

Elbit Systems (ESLT) Tops Q1 EPS by 9c, Revenues Miss

May 26, 2020 5:56 AM EDT

Elbit Systems (NASDAQ: ESLT) reported Q1 EPS of $1.63, $0.09 better than the analyst estimate of $1.54. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.1 billion.

Backlog of orders at $10.8 billionRevenues at $1,071 millionNon-GAAP net income of $72 millionGAAP net income of $64 millionNon-GAAP net EPS of $1.63GAAP net EPS of $1.44

Management Comment:

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "In the first quarter we witnessed positive momentum across our markets, receiving more than $1.8 billion in orders from customers around... More