Conference Call Scheduled for March 26, 2024 at 9:00am ETHAIFA, Israel, Feb. 26, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that it will be releasing its fourth quarter and full year 2023 financial results on Tuesday, March 26, 2024. Results Conference CallThe Company will host a conference call on March 26, 2024, at 9:00am Eastern Time. On the call, management will review and discuss the results and will be available to answer questions. To partici ...

HAIFA, Israel, Feb. 20, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a contract in an amount of approximately $300 million to supply weapon, reconnaissance, driving, and situational awareness systems for approximately 230 armored vehicles, to a European customer. The contract will be performed over a period of six years and includes custom design, production, lifecycle maintenance and complete in-country support.  ...

Financial Data and Key Metrics Changes - Third quarter revenues increased by 11% to $1.52 billion compared to $1.34 billion in the third quarter of 2022 [4] - Non-GAAP diluted EPS was $1.65 in the third quarter compared with $1.40 in 2022, while GAAP diluted EPS was $1.36 for the third quarter compared with $1.26 in 2022 [7] - Non-GAAP operating income was $117 million or 7.8% of revenues, compared to $84.3 million or 6.3% of revenues last year [62] - GAAP operating income for the third quarter was $106.1 million or 7.1% of revenues versus $73.4 million or 5.4% of revenues in the third quarter of 2022 [62] - The backlog of orders as of September 30, 2023, was $16.6 billion, approximately $1.9 billion higher than the backlog at the end of the third quarter of 2022 [88] Business Line Data and Key Metrics Changes - Aerospace revenues increased by 24% in the third quarter of 2023 compared to the third quarter of 2022, mainly due to training and simulation sales in Europe and UAS sales in Asia Pacific [4] - C4I and Cyber revenues increased by 9% year-over-year, mainly due to radio system sales in Europe [4] - Land revenues increased by 7%, mainly due to artillery and weapon station sales [4] - Elbit Systems of America revenues declined 2% in the third quarter due to lower precision guided munition sales [85] Market Data and Key Metrics Changes - Europe was the largest market, contributing 33% of group revenues; North America contributed 24%; Asia Pacific contributed 21%; and Israel contributed 15% of revenues [5] - European revenues increased due to growth in sales of radio systems, artillery, weapon station, and training and simulation solutions [85] - Israel revenues declined mainly due to lower ammunition sales in the quarter [86] Company Strategy and Development Direction - The company is implementing an operational improvement plan to support transformation into a larger, more profitable entity [15] - The war in Israel has not changed long-term plans but has increased focus on the portfolio to identify capability or technology gaps [15] - The company is exploring M&A opportunities to enhance capabilities and divest less relevant businesses [22][104] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming short-term challenges and delivering on long-term potential [9] - The impact of the war on financial results is uncertain and will depend on future developments [60] - The company has ramped up production to support the IDF while maintaining deliveries to international customers [66] Other Important Information - The effective tax rate in the third quarter was 15% compared to 13% in 2022 [7] - Operating cash flow in the third quarter was an $11 million inflow compared to $178 million inflow in the same quarter last year [64] - The company has increased production capacity by adding shifts and hiring temporary employees to support operations [66] Q&A Session Summary Question: Will the mobilization of employees have a financial impact? - Management indicated that the mobilization of approximately 15% of the workforce would not contribute financially in the quarter, but temporary employees are being recruited to mitigate disruptions [25][80] Question: What is the status of the supplemental funding request from the US? - Management expects to receive part of the supplemental funding package, which could present significant opportunities for the company [77] Question: Are there any differences in margins for rush orders from Israel? - Management stated that there is no difference in margins for rush orders compared to usual margins [34] Question: What is the potential for the Sayyad system in other markets? - Management noted that there is significant interest in the Sayyad system, with several international customers already engaged [47]

Earnings Release ELBIT SYSTEMS REPORTS THIRD QUARTER 2023 RESULTS Backlog of orders at $16.6 billion; Revenues of $1.5 billion; Non-GAAP net income of $73.5; GAAP net income of $60.7 million; Non-GAAP net EPS of $1.65; GAAP net EPS of $1.36 Haifa, Israel, November 28, 2023 – Elbit Systems Ltd. ("Elbit Systems" or the "Company") (NASDAQ and TASE: ESLT), the international high technology defense company, reported today its consolidated results for the third quarter ended September 30, 2023. In this release, t ...

Elbit Systems (NASDAQ:ESLT) Q2 2023 Earnings Conference Call August 15, 2023 9:00 AM ET Company Participants Rami Myerson - Investor Relations Kobi Kagan - Chief Financial Officer Bezhalel Machlis - President, Chief Executive Officer Yossi Gaspar - Senior Executive Vice President, Business Management Conference Call Participants Sheila Kahyaoglu - Jefferies Peter Skibitski - Alembic Global Ella Fried - Bank Leumi Elad Kraus - Meitav Brokerage LTD Boaz Ben-Shitrit - Altshuler Shaham Operator Ladies and gentl ...

Earnings Release ELBIT SYSTEMS REPORTS SECOND QUARTER 2023 RESULTS Backlog of orders at $16.1 billion; Revenues of $1.5 billion; Non-GAAP net income of $70.2; GAAP net income of $62.4 million; Non-GAAP net EPS of $1.57; GAAP net EPS of $1.40 Haifa, Israel, August 15, 2023 – Elbit Systems Ltd. ("Elbit Systems" or the "Company") (NASDAQ and TASE: ESLT), the international high technology defense company, reported today its consolidated results for the second quarter ended June 30, 2023. In this release, the Co ...

Elbit Systems (NASDAQ:ESLT) Q1 2023 Earnings Conference Call May 30, 2023 9:00 AM ET Company Participants Rami Myerson - Investor Relations Butzi Machlis - President, Chief Executive Officer Kobi Kagan - Chief Financial Officer Yossi Gaspar - Senior Executive Vice President, Business Management Conference Call Participants Sheila Kahyaoglu - Jefferies Atinc Ozkan - Wood & Company Ella Fried - Bank Leumi Operator Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems' First Quarter 2023 Re ...

In this release, the Company is providing US-GAAP results as well as additional non-GAAP financial data, which are intended to provide investors a more comprehensive view of the Company's business results and trends. For a description of the Company's non-GAAP definitions see page 3 below, "Non-GAAP financial data". Unless otherwise stated, all financial data presented is US-GAAP financial data. Management Comment: Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "The financial resul ...

Elbit Systems 2022 Annual Report Conference Call Summary Company Overview - **Company**: Elbit Systems (NASDAQ: ESLT) - **Date of Call**: May 1, 2023 - **Participants**: - Rami Myerson - Investor Relations - Butzi Machlis - President, CEO - Kobi Kagan - CFO - Yossi Gaspar - Senior EVP, Business Management Key Points Industry and Company Context - Elbit Systems operates in the defense and aerospace industry, focusing on advanced technology solutions for military and commercial applications [6][7]. Financial Performance - **Consolidated Revenues**: Increased by 4% to $5.5 billion in 2022 from $5.3 billion in 2021 [11]. - **GAAP Operating Income**: Decreased to $368 million in 2022 from $419 million in 2021 [11]. - **Non-GAAP Operating Income**: $357 million (6.5% of revenues) in 2022 compared to $451 million (8.5% of revenues) in 2021 [11]. - **Stock Price Linked Compensation Expenses**: Approximately $62 million impacted both GAAP and non-GAAP operating income [11]. Segment Performance - **Aerospace**: - Revenues increased by 9% to $1.73 billion in 2022 [12]. - Operating income decreased to $106.8 million (6.2% of revenues) from $129.2 million (8.2% of revenues) in 2021 [12]. - **C4I and Cyber**: - Revenues increased by 8% to $678 million [13]. - Operating income increased to $49 million (7.2% of revenues) from $44.4 million (7.1% of revenues) in 2021 [13]. - **ISTAR and EW**: - Revenues increased by 2% to $1.05 billion [14]. - Operating income decreased to $49.1 million (4.7% of revenues) from $66 million (6.4% of revenues) in 2021 [14]. - **Land**: - Revenues increased by 5% to $1.17 billion [14]. - Operating income decreased to $28.6 million (2.4% of revenues) from $35.6 million (3.2% of revenues) in 2021 [14]. - **Elbit Systems of America (ESA)**: - Revenues decreased by 2% to $1.46 billion [14]. - Operating income decreased to $75 million (5.1% of revenues) from $124.3 million (8.3% of revenues) in 2021 [14]. Strategic Initiatives - **Transformation Goals**: Aiming for annual revenues of $6 billion to $7 billion with improved profitability and cash generation [6][18]. - **Segment Reporting Structure**: New segment reporting structure adopted to enhance transparency and align with operational management [5][7]. - **Investment in Facilities**: Hundreds of millions of dollars invested in new facilities across Israel, the U.S., Germany, and the U.K. to support transformation and backlog conversion [27][31]. Market Outlook - **Supply Chain and Cost Pressures**: Supply chain disruptions and increased electronic component prices affected all segments in 2022, but expected to be less relevant in 2023 [31]. - **Margin Improvement**: Management targets a long-term operating margin of around 10% across all segments [26][27]. Miscellaneous - **Incentive Compensation**: Defined goals for executives include cash generation, profitability, and revenue growth, measured quarterly [21]. - **No IPO Plans for ESA**: Elbit Systems of America will remain integrated within the company, with no plans for an IPO [39]. Conclusion - Elbit Systems is focused on enhancing operational efficiency, improving profitability, and capitalizing on growth opportunities in the defense and aerospace sectors while navigating challenges related to supply chain and cost pressures [6][31].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F □ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2022 Commission File No. 0-28998 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...