14 August 12 12:27–Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) reported lower profits and revenue for the second quarter of 2012, as well as a smaller orders backlog.
Revenue fell to $676.4 million for the second quarter from $691.6 million ($0.90 per share) for the corresponding quarter of 2011. GAAP-based net profit fell to $38.3 million for the second quarter from $38.9 million for the corresponding quarter, and non-GAAP net profit fell to $48.2 million ($1.14 per share) from $50.5 million.
Elbit Systems’ orders backlog fell to $5.47 billion at the end of June from $5.53 billion at the end of 2011. 76% of the orders are for export, and 73% are due for delivery through the end of 2013.
Cash flow from operations more than doubled to $56.2 million in the first half from $23.3 million in the first half of last year…Read More>>