Elbit Systems Reports 22% Revenue Growth and 9% Increase in Non-GAAP Net Income for Q1 2025, EPS Reaches $2.57
Elbit Systems Ltd. reported a 22% revenue growth for Q1 2025, reaching $1.9 billion, up from $1.554 billion in Q1 2024. Non-GAAP net income increased by 9% to $117.2 million, with diluted EPS at $2.57. The growth was driven by a 20% rise in Aerospace revenues and a 48% increase in Land revenues. The order backlog stands at $23.1 billion, with 66% from international orders. The company is focusing on expanding production capacity to meet rising global defense demands.
Elbit Systems Ltd. reported its financial results for the first quarter of 2025, highlighting a strong performance with significant increases in various financial metrics. The company's revenues for the quarter reached $1.9 billion, marking an increase from $1.554 billion in the same period of 2024. This growth was driven by a 20% rise in Aerospace revenues, mainly due to increased Precision Guided Munition sales in Israel and Asia Pacific, and a 48% increase in Land revenues due to ammunition and munition sales in Israel and Europe. The company's GAAP net income for the quarter was $107.1 million, while the non-GAAP net income stood at $117.2 million. GAAP diluted earnings per share for the quarter were reported at $2.35, compared to $1.65 in the first quarter of 2024. Non-GAAP diluted earnings per share were $2.57, an increase from $1.81 in the previous year. Elbit Systems' order backlog as of March 31, 2025, totaled $23.1 billion, with 66% of the backlog attributable to orders outside of Israel. Approximately 51% of this backlog is scheduled for performance during the remainder of 2025 and 2026. The company is focusing on capturing opportunities from increasing global defense budgets, particularly in Europe, and is investing in increasing production capacity and optimizing supply chains to meet high demand for its products. Free cash flow generated during the quarter was $161 million.
