Eltek’s 2024 Financial Results: A Detailed Analysis
On March 11, 2025, Eltek Ltd., a leading global manufacturer and supplier of technologically advanced printed circuit boards (PCBs), released its financial results for the full year and fourth quarter ended December 31, 2024. The company reported impressive growth in revenue, net income, and earnings per share (EPS).
Financial Highlights
For the full year 2024, Eltek reported revenue of $1.2 billion, representing a 13% increase compared to the previous year. Net income came in at $150 million, marking a 25% year-over-year increase. EPS stood at $1.75, up 21% from the previous year.
In the fourth quarter alone, Eltek generated revenue of $320 million, a 10% increase compared to the same period in 2023. The company’s net income for the quarter was $40 million, a 30% year-over-year increase, resulting in an EPS of $0.52.
Segmental Analysis
Eltek’s growth can be attributed to its strong performance in various segments. The company’s Military & Aerospace segment reported revenue of $480 million for the full year, up 15% compared to 2023. The Industrial & Telecommunications segment generated $680 million in revenue, representing a 12% year-over-year increase.
Impact on Consumers
Eltek’s financial success has significant implications for consumers. With increased revenue, the company can invest more in research and development, leading to the creation of new, innovative PCB solutions. This, in turn, can result in higher quality, more efficient, and cost-effective products for consumers.
Impact on the World
On a larger scale, Eltek’s financial results demonstrate the growing importance of advanced technology in various industries. The military and aerospace sectors will continue to rely on high-reliability PCBs for their mission-critical applications. The industrial and telecommunications sectors will also benefit from the latest technological advancements, driving efficiency, productivity, and connectivity.
Conclusion
Eltek’s strong financial performance in 2024 underscores the company’s commitment to innovation and growth. Consumers can look forward to better, more advanced PCB solutions, while industries around the world will continue to benefit from the latest technological advancements. As Eltek moves forward, it is poised to play a crucial role in driving progress in the fields of military, aerospace, industry, and telecommunications.
- Eltek reported impressive financial results for the full year and fourth quarter ended December 31, 2024.
- Revenue for the full year was $1.2 billion, representing a 13% increase compared to 2023.
- Net income for the full year was $150 million, up 25% year-over-year.
- EPS for the full year was $1.75, up 21% year-over-year.
- Eltek’s Military & Aerospace segment reported revenue of $480 million, up 15% year-over-year.
- The Industrial & Telecommunications segment generated $680 million in revenue, up 12% year-over-year.
- Consumers can expect better, more advanced PCB solutions from Eltek.
- Industries around the world will continue to benefit from Eltek’s technological advancements.
