- Elbit Systems (ESLT, Financial) reported a record order backlog of $23.1 billion in Q1 2025, a 14% increase year-over-year.
- The company's revenues surged by 22% to $1.9 billion, marking consistent growth across major segments.
- The ongoing "Swords of Iron" conflict has spurred a rise in demand from Israel's Ministry of Defense.
Elbit Systems (ESLT) delivered impressive financial results for Q1 2025, achieving $1.9 billion in revenues, representing a 22% increase compared to the previous year. This growth highlights the company's strong market position amidst increased global defense demands.
The company's order backlog reached a record high of $23.1 billion, up 14% from the same quarter in 2024, with a significant portion, 66%, attributed to international markets. This backlog ensures considerable revenue visibility, with 51% scheduled for execution through the remainder of 2025 and 2026.
Profitability improved notably, with GAAP operating income rising to $149.7 million, up from $105.4 million year-over-year, while non-GAAP operating income increased to $165.1 million. GAAP EPS was reported at $2.35, a substantial increase from $1.65 a year ago, and non-GAAP EPS reached $2.57, up from $1.81.
The ongoing "Swords of Iron" war has led to heightened demand from the Israel Ministry of Defense. Despite facing some supply chain and operational challenges, such as increased transportation costs and delays due to geopolitical tensions, Elbit Systems has enacted measures to mitigate these disruptions effectively.
The company declared a dividend of $0.60 per share, to be paid on July 7, 2025, with a record date of June 24, 2025, after withholding tax.
By segment, Land revenues showed an impressive growth of 48%, followed by Aerospace with a 20% increase, propelled by precision-guided munition sales. Revenues for Elbit Systems America grew by 18%, evidencing balanced expansion across its diverse operational segments.
