A manufacturer of combat drones Elbit Systems (NASDAQ: ESLT) Maybe it wasn’t so glad to go to the weekend. After all, according to the data he assembled S & P Global Market IntelligenceThe company’s share price has increased by almost 12% during the shopping week. The investors were quite satisfied with the latest edition of the Israeli Defense Expert Expert.
Before the market opened on Tuesday, Elbit also discovered its results in the fourth quarter and year -round. He published just over $ 1.93 billion in revenue on the upper line, which increased $ 1.63 billion in the same period of 2023. without GAAP (Generally accepted accounting principles) Adapted net income increased 71% more than a year of year more than $ 119 million ($ 2,66 per share).
Both titles of the title were significantly above the assessment of consensus analysts. On average, after Elbit’s shares, experts envisaged that the company would book only $ 1.75 billion in revenue and a net -adapted profit of $ 1.85 per share.
In a statement for earnings, Elbit did not hesitate to note that a quarter was fourth in a row to achieve a double -digit increase in revenue.
He quoted the executive director Butzi Machlis: “The company has provided significant contracts around the world, and has achieved great successes and turning points with investments, together with investments in research and development and production infrastructure.”
“Our global presence and diversified portfolio position us to record an increasing global
Defense budgets, “he added.
Probably a little more from where it came from, because Elbit reported that her backlog was $ 22.6 billion at the end of December, which is a lot of a $ 2023 distance from $ 17.8 billion. It said that about 57% of the former amount had to be delivered this year and the following.
Considering numerous conflicts around the world, which rely more on the technology of unmanned spacecraft to save lives and money, Elbit should be fine forward. This company feels very much as if in the right job at the right time in history.
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