Eltek Ltd (NAS:ELTK)

Q1 2025 Eltek Ltd Earnings Call Transcript

May 20, 2025 / 12:30 PM GMT

Release Date Price: $9.9 (-0.30%)

Transcript

Key Points

Positve

Eltek Ltd (ELTK) reported an increase in revenues for Q1 2025, totaling $12.8 million compared to $11.8 million in Q1 2024.
Production efficiency has improved since the beginning of May, with operations stabilizing after initial challenges with new equipment.
The company is on track to complete its accelerated investment plan by mid-2026, despite a two-month delay in equipment delivery.
Eltek Ltd (ELTK) is actively working to diversify its supply chain in the Far East to expand commercial activities and leverage technological know-how.
The company has initiated a company-wide IT transformation to optimize internal workflows and improve operational efficiency.

Negative

Gross profit decreased to $2.2 million from $3.3 million in Q1 2024, primarily due to higher labor costs and lower yields.
Operating profit for the quarter was $0.7 million, down from $1.7 million in the same period last year.
Net income for Q1 2025 was $1 million or $0.15 per share, compared to $1.7 million or $0.27 per share in Q1 2024.
The Israeli labor market remains challenging, making it difficult to attract qualified candidates for production and engineering roles.
There is uncertainty regarding the tariff rates that may apply to products originating from Israel under the new US tariff policy, which could impact cost structures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ELTK.OQ - Eltek Ltd
Q1 2025 Eltek Ltd Earnings Call
May 20, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Welcome to the LTtech LTD 2025 1st quarter financial results conference call. All participants are present in listen-only mode. Following management's formal presentation, instructions will be given for the question and answer session. For operator assistance during the conference, please press 0. As a reminder, this conference is being recorded. Before I turn the call over to Mr. Eli Yaffe, Chief Executive Officer, and Ron Freund, Chief Financial Officer, I'd like to remind you that they will be referring to forward-looking information in today's presentation and in the Q&A. By its nature, this information contains forecasts, assumptions, and expectations about future outcomes which are subject to the

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