Elbit Systems Reports First Quarter 2019 Results
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Elbit Systems (ESLT) Reports Q1 EPS of $1.54
May 28, 2019 5:54 AM EDTElbit Systems (NASDAQ: ESLT) reported Q1 EPS of $1.54, versus $1.29 reported last year. Revenue for the quarter came in at $1.02 billion, versus $818.5 million reported last year.
First quarter 2019 results:
Revenues in the first quarter of 2019 were $1,021.7 million, as compared to $818.5 million in the first quarter of 2018. The strong growth was mainly driven by the consolidation of IMI and Universal performance in the first quarter of 2019.Non-GAAP (*) gross profit amounted to $283.4 million (27.7% of revenues) in the first quarter of 2019, as compared to $239.8 million (29.3% of revenues) in the first quarter of 2018. GAAP gross profit... More