Elbit Systems (ESLT) Sees $52M Non-cash Expense in Q4

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Go back to Elbit Systems (ESLT) Sees $52M Non-cash Expense in Q4

Elbit Systems Reports Impact on its Fourth Quarter 2023 Financial Results Due to Non-Cash Expenses

March 5, 2024 3:43 AM EST

HAIFA, Israel , March 5, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it expects to record non-cash expenses of approximately $52 million in the fourth quarter of 2023. The expenses are related to the write-off of inventory due to the closing of an underperforming subsidiary... More