Q3 2025 Elbit Systems Ltd Earnings Call Transcript
Key Points
- Elbit Systems Ltd (ESLT) reported a 12% year-over-year growth in quarterly revenues, with a total of $1,922 million for Q3 2025.
- The company achieved a significant increase in its order backlog, reaching $25.2 billion, driven mainly by new European orders.
- GAAP diluted EPS increased to $2.80 in Q3 2025 from $1.77 in Q3 2024, while non-GAAP diluted EPS rose to $3.35 from $2.21.
- Elbit Systems Ltd (ESLT) announced the signing of a strategic international contract valued at approximately $2.3 billion, the largest in the company's history.
- The company continues to expand its operations in Europe, opening new facilities in Sweden and Germany to enhance local delivery capabilities.
- Aerospace segment revenues decreased by 3% year-over-year, primarily due to declining precision-guided munitions sales in Asia Pacific.
- The effective tax rate decreased to 8.2% in Q3 2025 from 14.6% in Q3 2024, which may indicate reliance on deferred tax assets.
- Financial expenses decreased to $34.5 million in Q3 2025 from $45 million in Q3 2024, but this was mainly due to a reduction in average net debt rather than operational improvements.
- Despite the overall revenue growth, the company's marketing and selling expenses remained flat at $91 million, indicating potential inefficiencies.
- Revenues from Elbit Systems of America decreased by 2% due to a decline in electronic systems and medical instrument sales.
See, we will talk about some of the significant develop then turn the call over to question-and-answer session, and the call over to Kobe. Kobe, please go ahead.
Thank you, Daniela. Hello everyone and thank you for joining us today.
We are very pleased to announce another set of quarterly results with double-digit year to year growth in revenues, backlog and EPS at $101 million underscoring our healthy cash generation.
I will now highlight and discuss some of the key figures and trends in our financial results this quarter.
Third quarter, 2025 revenues were $1922 million.
Compared to $118 million in the third quarter of 2024.
A solid 12% growth in quarterly revenues year by year and 18% growth for the nine months and in the third quarter of 2025, Europe contributed 28%. North America 21%.
Asia Pacific 14% and Israel with 33% of revenues.
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