#financial results #Defense Technology #Elbit Systems

Elbit Systems Reports Significant Growth in Q1 2025 with Increased Revenues and Order Backlog

Elbit Systems Reports Q1 2025 Financial Results

Elbit Systems Ltd. has unveiled its consolidated financial results for the first quarter of 2025, showcasing a robust performance amidst increasing global defense demands. The company, a leader in high technology defense solutions, reported revenues of $1.9 billion, marking a 22% increase from the previous year. This growth reflects the heightened demand for its advanced products and services, driven largely by the ongoing global conflicts that have necessitated increased defense budgets worldwide.

Key Financial Highlights

In the first quarter ending March 31, 2025, Elbit Systems reported:

- Revenues: $1.895 billion, compared to $1.554 billion in Q1 2024.
- GAAP Net Income: $107.1 million, up from $73.7 million year-over-year.
- Non-GAAP Net Income: $117.2 million, compared to $80.7 million in the same quarter last year.
- GAAP EPS: $2.35, reflecting an increase from $1.65 in Q1 2024.
- Non-GAAP EPS: $2.57, up from $1.81 in Q1 2024.

The company's order backlog as of March 31, 2025, stands impressively at $23.1 billion, with 66% of these orders sourced from international markets, highlighting the global nature of its operations.

Growth Across Business Segments

Elbit Systems has seen marked growth in various segments:

- Aerospace revenues: Increased by 20%, primarily due to higher sales of Precision Guided Munitions (PGM) in Israel and the Asia-Pacific region.
- C4I and Cyber: Applicable revenues rose by 12%, thanks to robust sales of radio systems and command-and-control solutions in Israel and Europe.
- ISTAR and EW: Witnessed a 4% increase driven by Electro-Optic system sales.
- Land segment revenues: Impressive growth of 48% was noted owing to ammunition and related sales.