Valse Avec Bachir – Le Film

Main Menu

  • Israel
  • Haifa
  • West Bank
  • Tel Aviv
  • Financial Affairs

Valse Avec Bachir – Le Film

Header Banner

Valse Avec Bachir – Le Film

  • Israel
  • Haifa
  • West Bank
  • Tel Aviv
  • Financial Affairs
Israel
Home›Israel›Elbit Systems Israel’s first-quarter profits fall, revenue rises

Elbit Systems Israel’s first-quarter profits fall, revenue rises

By Shelly J. Cazares
May 24, 2022
0
0

The HERMES 900 HFE drone manufactured by Israeli company Elbit for use in the Swiss Reconnaissance System (ADS15) is seen during a media presentation at the Swiss Air Base in Emmen, Switzerland December 9, 2019. REUTERS/ Arnd Wiegmann/File Photo

Join now for FREE unlimited access to Reuters.com

Register

May 24 (Reuters) – Israeli defense electronics company Elbit Systems (ESLT.TA) reported a drop in first-quarter profit on Tuesday, blaming the decline on share price-linked compensation plans, while revenue increased.

The company earned $1.19 per diluted share in the quarter, compared to $1.64 per share a year earlier. Revenue went from $1.12 billion to $1.35 billion.

The company’s board of directors has declared a dividend of $0.50 per share for the first quarter, which will be paid on July 11.

Join now for FREE unlimited access to Reuters.com

Register

Elbit had warned earlier in the year that a recent rise in its share price could have a significant impact on expenses due to stock-price-linked compensation plans for employees. He said earnings were reduced by $0.72 per share due to those payments.

Excluding one-time items, Elbit earned $1.22 per diluted share in the first quarter, from $1.72 a year earlier.

Tel Aviv-listed Elbit shares are up 36% this year.

Elbit said its backlog reached $13.7 billion at the end of March, the same as in the previous quarter. About 72% of that comes from orders outside of Israel, and about 55% is expected to be fulfilled in 2022 and 2023.

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Ari Rabinovitch Editing by Steven Scheer

Our standards: The Thomson Reuters Trust Principles.

Related posts:

  1. Former French envoy to Israel faces backlash following misogynist tweet
  2. Israel reports just 13 new coronavirus cases, lowest number in more than a year
  3. H&M Israel says targeted by Iranian cyberattack
  4. Israel records fewest new coronavirus cases in a year

Recent Posts

  • Alex Pereira swears his fight with Israel Adesanya will be a ‘better show’ after lackluster UFC 276 main event
  • Phosphate Market Size, Scope and Forecast | Haifa, Sqm, Evergrow, Zuari Agro, PhosAgro – Designer Women
  • Palestinians briefly capture an Israeli military dog ​​tied to a suspect in the West Bank
  • Rangers ‘special’ target must ‘leave’ Dortmund battle for £8m deal
  • How Israeli Songs Became Part of Taiwan’s National Folk Dance Tradition

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021

Categories

  • Financial Affairs
  • Haifa
  • Israel
  • Tel Aviv
  • West Bank
  • Terms and Conditions
  • Privacy Policy