Elbit Systems Second Quarter 2024 Earnings: EPS: US$1.76 (vs US$1.41 in 2Q 2023)

Elbit Systems (TLV:ESLT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.63b (up 12% from 2Q 2023).
• Net income: US$78.4m (up 26% from 2Q 2023).
• Profit margin: 4.8% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.76 (up from US$1.41 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Elbit Systems Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Asia.

Performance of the market in Israel.

The company's shares are up 2.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Elbit Systems' balance sheet and an in-depth analysis of the company's financial position.

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