Elbit Systems reports Q4 EPS $1.56 vs. $1.71 last year

Reports Q4 revenue $1.63B vs. $1.51B last year. The company said, “”Elbit Systems is committed to supporting the increased requirements of the Israel Ministry of Defense as well as maintaining our commitments to all our customers around the world. The significant increase in the order backlog in 2023 highlights the relevance of Elbit Systems’ portfolio of advanced technological and operationally proven solutions that provide a competitive edge to our customers around the world. The acceleration in revenue growth reflects the successful implementation of our operational transformation plan, as we increase capacity to convert a growing backlog into revenues. In 2023, we continued our efforts to focus our portfolio on the end markets that are most relevant. I would like to express my appreciation to our employees that have demonstrated significant resilience in challenging times. In view of Elbit Systems’ growth and our ability to address multiple challenges, including the current conflict, I am confident in our ability to realize our potential.”