ESLT - Elbit Systems Q3: Double-Digit Revenue Growth Operational Challenges Increased Defense Demand & More | Benzinga
Elbit Systems Ltd (NASDAQ: ESLT) reported third-quarter FY23 revenue of $1.501 billion, an increase of 11.3% year-over-year, beating the consensus of $1.45 billion.
Segment revenues: Aerospace $462.1 million (+24.3% Y/Y), C4I and Cyber $188.1 million (+8.9% Y/Y), ISTAR and EW $287.1 million (flat Y/Y), and Land $341.3 million (+6.6% Y/Y).
Elbit Systems of America revenues decreased by 2% Y/Y due to lower precision-guided munition sales.
Gross margin expanded by 30 bps to 24.5%; adjusted gross margin was 24.9% for the quarter, versus ...