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Eltek Ltd (ELTK)
NASDAQ:ELTK
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.24Last Year’s EPS
$0.22Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: -3.83%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance. While Eltek achieved record revenue and continued strong demand, particularly in the defense sector, challenges such as increased labor costs and a decline in net profit and operating profit were notable. The company is also making significant investments to expand capacity and streamline operations.Company Guidance
During the third quarter earnings call for Eltek Ltd., the executives provided detailed guidance and metrics reflecting the company's performance and outlook. The company reported a record revenue of $13.5 million, driven largely by the self-defense market segment, which accounted for 64% of total sales, with the industrial and medical segments contributing 14% and 7%, respectively. Eltek achieved a gross profit of $3.5 million, translating to a gross margin of 26%, and anticipates this margin to stabilize between 26% and 29% in the medium to long term. The company is undertaking an accelerated investment program with $2 million already spent on a new production facility and plans to spend an additional $7 to $8 million by 2025. Eltek is also implementing an ERP project to enhance operational efficiency. The guidance reflects a focus on maintaining strong demand in critical sectors amid global trade tensions while addressing labor market challenges in Israel by adjusting wages to stabilize and expand its workforce. The company has adopted a dividend policy to distribute up to 25% of net profit, considering its financial position and cash flow needs.Record Revenue Achievement
Eltek concluded Q3 2024 with a record revenue of $13.5 million, marking an increase from $11.9 million in Q3 2023.
Strong Performance in Defense Sector
The self-defense market segment represented 64% of total sales, and there is an anticipation of continued strong demand.
Operational Investments and Capacity Expansion
A new production hall dedicated to the solder mask application department is being opened as part of an accelerated investment program, with $2 million already invested and an additional $7-8 million planned for 2025.
Positive Cash Flow from Operations
Eltek generated a positive cash flow from operating activities of $1.6 million in Q3 2024.
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ELTK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ELTK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $11.24 | $11.65 | +3.65% |
| Aug 15, 2024 | $11.20 | $10.00 | -10.71% |
| May 21, 2024 | $10.90 | $11.64 | +6.79% |
| Mar 11, 2024 | $13.90 | $10.66 | -23.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eltek Ltd (ELTK) report earnings?
Eltek Ltd (ELTK) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Eltek Ltd (ELTK) earnings time?
Eltek Ltd (ELTK) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELTK EPS forecast?
ELTK EPS forecast for the fiscal quarter 2024 (Q4) is $0.24.
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