IsraelStrategist.com – The Resource on Israel's Economy, Companies & Markets


 
Hebrew French Spanish Portuguese

Globes: Delta Galil profit up 31% to $18m

Published on Nov 17 2016 // Business and Financial News

Novemebr¬†17, 2016, 10:40 –¬†Defense company Elbit Systems’ orders backlog rose 6% year-on-year.

Israeli defense company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) reported its third quarter results this morning.Revenue in the third quarter of 2016 totaled $780.8 million, which compares with $764.8 million in the third quarter of 2015.

On non-GAAP basis, the company posted a gross profit of $238.1 million (30.5% of revenue) in the third quarter of 2016, which compares with $233.5 million (again 30.5% of revenue) in the third quarter of 2015. On a GAAP basis, gross profit in the third quarter of 2016 was $230.4 million (29.5% of revenue), which compares with $223.3 million (29.2% of revenue) in the third quarter of 2015.

Non-GAAP net profit attributable to the company’s shareholders in the third quarter of 2016 was $62.5 million (8.0% of revenue), which compares with $62.3 million (8.1% of revenue) in the third quarter of 2015. On a GAAP basis, net profit in the third quarter of 2016 was $63.4 million (8.1% of revenue), which compares with $49.7 million (6.5% of revenue) in the third quarter of 2015…..Read More>>

Leave a comment

You must be Logged in to post comment.