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Eltek (ELTK)
:ELTK
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)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:Mar 11, 2025
|% Change Since: -20.92%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Negative
The earnings call reflected a challenging operational environment with significant constraints affecting revenue growth and profitability metrics. Despite these issues, Eltek maintained a strong cash position and identified positive market opportunities, especially in defense sectors. However, the lowlights, particularly operational challenges and financial metric declines, outweigh the highlights.Company Guidance
During the Eltek Ltd. 2024 Annual and Fourth Quarter Financial Results Conference Call, the company provided detailed guidance on its financial performance and operational challenges. For the fiscal year 2024, Eltek reported revenues of $46.5 million, consistent with the previous year but below expectations, primarily due to operational challenges and regional conflicts. Despite these setbacks, the company achieved a net profit of $4.2 million, with a solid cash position of $17 million after a capital expenditure of approximately $10 million. Gross profit for the year reached $10.3 million, with a gross margin of 22%, down from 28% in 2023, mainly due to higher employee compensation costs and a shift in product mix. Operating profit stood at $4.4 million, and EBITDA was $5.9 million. The fourth quarter of 2024 saw revenues of $10.8 million and a net profit of zero, compared to $1.3 million in the same quarter of 2023. The company highlighted its focus on addressing operational challenges, such as the installation of new equipment and managing labor shortages, while emphasizing its strategic growth in defense, medical, and high-end industrial sectors. Looking ahead, Eltek anticipates similar capital investments in 2025 and aims for a gross margin in the range of 26% to 29% over the next two to three years.Solid Cash Position
The company maintained a solid cash position of approximately $17 million even after capital expenditure of approximately $10 million in 2024.
Net Profit Achievement
Eltek closed the year with a net profit of $4.2 million, indicating profitable operations despite challenges.
Positive Market Environment
Sustained high demand in defense, medical, and high-end industrial sectors, with opportunities arising from increased European defense budgets.
Successful Implementation of Growth Strategy
Significant emphasis on expanding commercial activities to increase sales volume and leverage high-end manufacturing capabilities.
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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 |
|---|---|---|---|
| Mar 11, 2025 | $10.66 | $8.19 | -23.17% |
| Nov 19, 2024 | $10.98 | $11.38 | +3.64% |
| Aug 15, 2024 | $10.94 | $9.77 | -10.69% |
| May 21, 2024 | $10.65 | $11.38 | +6.85% |
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 (ELTK) report earnings?
Eltek (ELTK) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Eltek (ELTK) earnings time?
Eltek (ELTK) earnings time is at May 15, 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 2025 (Q1) is 0.24.
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