2023-05-30 02:51:45 ET
- Elbit Systems press release ( NASDAQ: ESLT ): Q1 Non-GAAP EPS of $1.70 misses by $0.03 .
- Revenue of $1.39B (+3.0% Y/Y).
- Non-GAAP gross profit amounted to $368.5 million (26.4% of revenues) in the first quarter of 2023, as compared to $333.3 million (24.6% of revenues) in the first quarter of 2022.
- Non-GAAP operating income was $105.1 million (7.5% of revenues) in the first quarter of 2023, as compared to $65.8 million (4.9% of revenues) in the first quarter of 2022.
- The company's backlog of orders as of March 31, 2023 totaled $15.8B.
- Cash flows used in operating activities in the three months ended March 31, 2023 were $73.0 million, as compared to cash flows provided by operating activities of $35.5 million in the three months ended March 31, 2022.
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Elbit Systems Non-GAAP EPS of $1.70 misses by $0.03, revenue of $1.39B