Elbit Systems reports USD51m in Q1 2016 net income

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) has reported non-GAAP net income attributable to the company´s shareholders in the first quarter of 2016 was USD51.2 million (7.1 percent of revenues), as compared to USD52.6 million (7.4 percent of revenues) in the first quarter of 2015, the company said.

GAAP net income in the first quarter of 2016 was USD52.3 million (7.3 percent of revenues), as compared to USD44.6 million (6.3 percent of revenues) in the first quarter of 2015.

Net income attributable to non-controlling interests was USD0.5 million in the first quarter of 2016, as compared to USD0.9 million in the first quarter of 2015.

Revenues in the first quarter of 2016 were USD721.2 million, as compared to USD706.6 million in the first quarter of 2015.

Non-GAAP diluted net earnings per share attributable to the company´s shareholders were USD1.20 for the first quarter of 2016, as compared to USD1.23 for the first quarter of 2015. GAAP diluted earnings per share in the first quarter of 2016 were USD1.22, as compared to USD1.04 for the first quarter of 2015.