Elbit Systems Ltd. Q4 2024 Earnings Conference Call:
Company Participants:
– Daniella Finn: Vice President, Investor Relations
– Kobi Kagan: Chief Financial Officer
– Butzi Machlis: President and Chief Executive Officer
Conference Call Participants:
– Ellen Page: Jefferies
– Lara Jakes: New York Times
Transcript:
Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems Ltd.’s Q4 2024 earnings conference call. I would now like to turn the call over to Daniella Finn, Vice President of Investor Relations.
Daniella Finn: Good afternoon, everyone. We are pleased to report another quarter of strong financial performance. I would now like to turn the call over to Kobi Kagan, our Chief Financial Officer, who will provide an overview of our Q4 and full-year 2024 results.
Kobi Kagan: Thank you, Daniella. Elbit Systems reported revenues of $2.3 billion for the fourth quarter of 2024, representing a 12% increase compared to the same period last year. Our net income for the quarter was $300 million, up 15% from the previous year. For the full year 2024, our revenues were $8.5 billion, an 11% increase from 2023. Our net income for the year was $1.1 billion, up 13% from the previous year.
Butzi Machlis, our President and CEO, will now provide some additional context and insights into our business.
Butzi Machlis: Thank you, Kobi. Elbit Systems’ strong financial performance in Q4 2024 was driven by continued growth in our Defense and Commercial Aviation segments. In Defense, we saw significant orders for our advanced defense systems, including our Hermes 900 unmanned aerial system and our E-Lynx communication system. In Commercial Aviation, our training and simulation solutions continue to be in high demand, with orders from both new and existing customers.
Impact on Individuals:
Elbit Systems’ strong financial performance in Q4 2024 is good news for investors who hold shares in the company. The increase in revenues and net income indicates that the company is performing well and is likely to continue to do so in the future. This could lead to higher stock prices and potentially increased dividends for shareholders.
Impact on the World:
Elbit Systems’ continued growth in the Defense sector is significant, as it indicates that there is a high demand for advanced defense technologies. This could have implications for global security, as countries and organizations invest in technologies that can help them protect their interests. Additionally, the growth in the Commercial Aviation sector, particularly in training and simulation solutions, could lead to improved safety and efficiency in the aviation industry.
Conclusion:
In conclusion, Elbit Systems’ strong financial performance in Q4 2024 is a positive sign for the company and its investors. The continued growth in the Defense and Commercial Aviation sectors indicates that Elbit Systems is well-positioned to meet the demands of its customers and to continue to grow in the future. The implications of this growth for individuals and the world are significant, as it could lead to improved safety, efficiency, and security in various industries. We look forward to following Elbit Systems’ progress in the coming quarters.
- Elbit Systems reports strong Q4 2024 financial results
- Revenues up 12% to $2.3 billion
- Net income up 15% to $300 million
- Full-year revenues up 11% to $8.5 billion
- Full-year net income up 13% to $1.1 billion
- Growth driven by Defense and Commercial Aviation segments
- Implications for individuals: higher stock prices, potential dividends
- Implications for the world: improved security, safety, and efficiency
