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This excerpt taken from the ESLT 6-K filed Nov 19, 2009. Gross profit increased by 8.9% to $217.3 million (29.7% of revenues)in the third quarter of 2009, as compared with gross profit of $199.5 million (29.7% of revenues) in the third quarter of 2008.
This excerpt taken from the ESLT 6-K filed Aug 13, 2009. Gross profit increased by 7.2% to $211.9 million (29.1% of revenues) in the second quarter of 2009, as compared with gross profit of $197.7 million (30.3% of revenues) in the second quarter of 2008. The lower gross profit percentage primarily resulted from a significant reduction in revenues from short turn-around orders, mainly in the U.S. during the second quarter of 2009 as
compared to the second quarter of 2008. Short turn-around orders generally have contributed to improvement in overall gross margins.
This excerpt taken from the ESLT 6-K filed May 21, 2009. Gross profit increased by 22% to $208.3 million (31.7% of revenues)for the first quarter of 2009, as compared with gross profit of $170.7 million (27.7% of revenues) in the first quarter of 2008. The strong gross profit margin was primarily the result of a mix of projects performed with higher gross profit, and in part due to the strength of the U.S. Dollar versus the Israeli
Shekel during the first quarter of 2009, which affected the labor costs incurred in Shekels.
This excerpt taken from the ESLT 20-F filed Mar 13, 2009. Gross Profit Gross profit in 2007 was $516.4 million (with a gross profit margin of 26.1%), as compared to $373.5 million (gross profit margin of 24.5%) in 2006. In 2007, gross profit includes restructuring expenses of $10.5 million (which constituted 0.5% of revenues). This excerpt taken from the ESLT 6-K filed Mar 12, 2009. Gross profit for the year ended December 31, 2008 grew 48.6% to $767.4 million (29.1% of revenues), as compared to gross profit of $516.4 million (26.1% of revenues) in 2007.
This excerpt taken from the ESLT 6-K filed Dec 1, 2008. Gross Profit
The Company’s gross profit represents the aggregate results of the Company’s activities and projects, and is based on the mix of programs in which the Company is engaged during the reported period.
Three Months Ended September 30, 2008, Compared to Three Months Ended September 30, 2007
Gross profit in the quarter ended September 30, 2008 was $198.3 million as compared to $140.2 million in the quarter ended September 30, 2007. The gross profit margin in the third quarter of 2007 was 29.5% as compared to 27.0% in the same period last year. The increase in the gross profit margin in the third quarter of 2008 was mainly as a result of higher level of profit margins in short-term delivery contracts and the mix of the projects sold.
Nine Months Ended September 30, 2008, Compared to Nine Months Ended September 30, 2007
Gross profit in the nine months ended September 30, 2008 was $564.1 million as compared to $360.2 million in the nine months ended September 30, 2007. As a result of the restructuring expenses of $10.5 million related to the acquisition of Tadiran in the second quarter of 2007 (which constituted 0.8% of revenues), the gross profit margin in the nine months ended September 30, 2007 was 25.9%, compared to a gross profit margin of 29.1% in the nine-month period ended September 30, 2008. The increase in the gross profit margin in the nine months ended September 30, 2008 was mainly as a result of higher level of profit margins in short-term delivery contracts and the mix of the projects sold.
The Company continually invests in R&D in order to maintain and further advance its technologies, in accordance with a long-term plan, based on its estimate of future market needs.
The Company’s R&D included programs which are partially funded by third parties, including the Israeli Ministry of Defense (“IMOD”), the Office of the Chief Scientist (“OCS”) and bi-national and European Development funds. The R&D was performed in all major areas of core technological activities of the Company and mainly in the areas of advanced airborne systems, cutting edge electro-optics technology and products for surveillance, aerial reconnaissance, lasers and space based sensors, communications, EW and homeland security technologies and products.
Three Months Ended September 30, 2008, Compared to Three Months Ended September 30, 2007
Gross R&D expenses in the quarter ended September 30, 2008 totaled $52.8 million (7.9% of revenues), as compared to $39.8 million (7.7% of revenues) in the quarter ended September 30, 2007.
Net R&D expenses (after deduction of third party participation) in the quarter ended September 30, 2008 totaled $45.0 million (6.7% of revenues), as compared to $34.5 million (6.7% of revenues) in the quarter ended September 30, 2007.
Nine Months Ended September 30, 2008, Compared to Nine Months Ended September 30, 2007
Gross R&D expenses in the nine months ended September 30, 2008 totaled $145.3 million (7.5% of revenues), as compared to $106.0 million (7.6% of revenues) in the nine months ended September 30, 2007.
Net R&D expenses (after deduction of third party participation) in the nine-month period ended September 30, 2008 totaled $121.1 million (6.3% of revenues), as compared to $87.6 million (6.3% of revenues) in the nine-month period ended September 30, 2007.
This excerpt taken from the ESLT 6-K filed Aug 13, 2008. Gross Profit
The Company’s gross profit represents the aggregate results of the Company’s activities and projects, and is based on the mix of programs in which the Company is engaged during the reported period.
Three Months Ended June 30, 2008, Compared to Three Months Ended June 30, 2007
Gross profit in the quarter ended June 30, 2008 was $197.4 million as compared to $116.5 million in the quarter ended June 30, 2007. The gross profit, in the second quarter of 2007, included restructuring expenses of $10.5 million (which constituted 2.2% of revenues). As a result of these expenses, the gross profit margin in the second quarter of 2007 decreased to 24.9%, compared to a gross profit margin of 30.2% in the second quarter of 2008. The increase in the gross profit margin in the second quarter of 2008 was mainly as a result of higher level of profit margins in short-term delivery contracts and the mix of the projects sold.
Six Months Ended June 30, 2008, Compared to Six Months Ended June 30, 2007
Gross profit in the six months ended June 30, 2008 was $365.8 million as compared to $220.0 million in the six months ended June 30, 2007. As a result of the expenses mentioned above (which constituted 1.2% of revenues), the gross profit margin in the six months ended June 30, 2007 decreased to 25.2%, compared to a gross profit margin of 28.8% in the six period ended June 30, 2008.
This excerpt taken from the ESLT 20-F filed May 28, 2008. Gross Profit
Our gross profit represents the aggregate results of our activities and projects and is based on the mix of programs in which we are engaged during the reported period.
Gross profit in 2006 was $373.5 million (with a gross profit margin of 24.5%), as compared to $279.8 million (gross profit margin of 26.1%) in 2005. The decrease in the gross profit margin was mainly as a result of the lower gross profit margin generated by Elisra.
This excerpt taken from the ESLT 6-K filed May 22, 2008. Gross Profit
The Company’s gross profit represents the aggregate results of the Company’s activities and projects, and is based on the mix of programs in which the Company is engaged during the reported period.
Gross profit in the quarter ended March 31, 2008 was $168.4 million, as compared to $103.5 million in the quarter ended March 31, 2007. The gross profit margin in the first quarter of 2008 was 27.3%, as compared to 25.7% in the first quarter of 2007.
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The increase in the gross profit margin was a result of a mix of projects performed with higher gross profit.
The Company continually invests in R&D in order to maintain and further advance its technologies, in accordance with a long-term plan, based on its estimate of future market needs.
The Company’s R&D included programs which are partially funded by third parties, including the Israeli Ministry of Defense (“IMOD”), the Office of the Chief Scientist (“OCS”) and bi-national and European Development funds. The R&D was performed in all major areas of core technological activities of the Company and mainly in the areas of advanced airborne systems, cutting edge electro-optics technology and products for surveillance, aerial reconnaissance, lasers and space based sensors, communications, electronic warfare (EW) and homeland security technologies and products.
Gross R&D expenses in the quarter ended March 31, 2008 totaled $45.9 million (7.5% of revenues), as compared $29.7 million (7.4% of revenues) in the quarter ended March 31, 2007.
Net R&D expenses (after reduction of third party participation) in the quarter ended March 31, 2008 totaled $38.0 million (6.2% of revenues), as compared to $24.1 million (6.0% of revenues) in the quarter ended March 31, 2007.
This excerpt taken from the ESLT 6-K filed Mar 13, 2008. Gross Profit
The Company’s gross profit represents the aggregate results of the Company’s activities and projects and is based on the mix of programs in which the Company is engaged during the reported period.
Gross profit in 2007 was $516.4 million (with a gross profit margin of 26.1%), as compared to $373.5 million (gross profit margin of 24.5%) in 2006. In 2007, gross profit includes restructuring expenses of $10.5 million (which constitute 0.5% of revenues).
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This excerpt taken from the ESLT 20-F filed Jul 6, 2006. Gross Profit Our gross profit represents the aggregate results of our activities and projects and is based on the mix of programs in which we are engaged during the reported period. Following the acquisition of Elisra’s shares in the fourth quarter of 2005, we identified and wrote-off pre-contract costs related to duplicated inventories and equipment in the amount of $3.5 million, which were recorded as restructuring costs in the cost of goods sold. Gross profit in 2005 was $279.8 million (with a gross profit margin of 26.1%), as compared to $250.3 million (gross profit margin of 26.6%) in 2004. This excerpt taken from the ESLT 20-F filed Jun 30, 2006. Gross Profit Our gross profit represents the aggregate results of our activities and projects and is based on the mix of programs in which we are engaged during the reported period. Following the acquisition of Elisra’s shares in the fourth quarter of 2005, we identified and wrote-off pre-contract costs related to duplicated inventories and equipment in the amount of $3.5 million, which were recorded as restructuring costs in the cost of goods sold. Gross profit in 2005 was $279.8 million (with a gross profit margin of 26.1%), as compared to $250.3 million (gross profit margin of 26.6%) in 2004. | EXCERPTS ON THIS PAGE:
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