Israeli protection electronics firm Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has reported a report backlog of orders price $10 billion in its monetary report for the fourth quarter and full 12 months 2019. 61% of the backlog is for orders from outdoors Israel and 65% of the backlog is to be carried out throughout 2020 and 2021.
Fourth quarter income was $1.322 billion up from $1.078 billion within the corresponding quarter of 2018. The rise was pushed by the acquisitions of IMI Methods and Harris Night time Imaginative and prescient. Income for 2019 was $four.508 billion, up from $three.684 billion within the 12 months ended December 31, 2018.
Non-GAAP web revenue within the fourth quarter of 2019 was $109.three million ($2.47 per share), up from $84.zero million ($1.96 per share) within the fourth quarter of 2018. GAAP web revenue within the fourth quarter of 2019 was $51.5 million ($1.16 per share) up from $1.1 million ($zero.03 per share) within the fourth quarter of 2018.
Non-GAAP web revenue for 2019 was $297.eight million ($6.79 per share)) up from $267.5 million ($6.25 per share) in 2018. GAAP web revenue in 2019 was $227.9 million ($5.20 per share), up from $206.7 million ($four.83 per share) in 2018.
Elbit Methods president and CEO Bezhalel Machlis advised “Globes” that the protection sector would be the final to be effected by the coronavirus. “Up to now we’ve not skilled a fabric affect on our ongoing enterprise from the Covid-19 pandemic. Nevertheless, we proceed to observe the scenario, together with its macro-economic impacts, and have initiated a collection of measures to guard our staff whereas sustaining our ongoing commitments to our prospects.”
“Wanting ahead into 2020 and past, Elbit Methods is a robust and secure enterprise, with a wholesome steadiness sheet and a broad long-term backlog that ought to help our globally diversified gross sales.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on March 25, 2020
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