Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

Elbit Systems Reports Second Quarter Increase

Photonics.com
Aug 1999
HAIFA, Israel, Aug. 5 -- Elbit Systems Ltd. said revenues for the second quarter ended June 30, 1999, were $104.0 million, compared with $100.3 million for the same period in 1998. Net income for the quarter was $7.3 million, or $0.28 per diluted share, compared with $6.8 million, or $0.25 per diluted share for the second quarter of the prior fiscal year. Gross profit for the quarter was $28.8 million versus $27.7 million for the same period in 1998.
Revenues for the six months ended June 30, 1999 were $210.8 million, compared with $203.3 million for the same period last year. Net income for the first six months of 1999 was $14.4 million, or $0.54 per diluted share, compared with $12.9 million, or $0.48 per diluted share in 1998. Gross profit for this period was $58.8 million, versus $56.4 million for the six months ended June 30, 1998.
Elbit Systems' backlog of orders at the close of the quarter was $714.5 million, compared with $710 million as of December 31, 1998. Orders from outside Israel comprised approximately 68 percent of the backlog as of June 30, 1999.

News & Features

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.