Elbit Systems Ltd. (NASDAQ:ESLT) Q4 2023 Earnings Call Transcript

KobiKagan: Thank you, Atinc and good morning. As you know, we’re not providing guidance, but with the inauguration of the Ramat Beka facility and fully going live of the ERP, the new ERP system, which required a lot of CapEx investment in recent years, we might expect a reduction in CapEx investment in the coming years. So I think that gives my view of how we are going to address CapEx in recent years.

Atinc Ozkan: Should I take that as reduction in absolute levels or as a percentage of revenues?

KobiKagan: Again, you should take it as a non-guidance remark of a small reduction in CapEx in the coming years.

Atinc Ozkan: Understood. Thank you.

ButziMachlis: With regard to the second question, I don’t think that there is one area, which I can identify as growth engine for the company. Actually, there are different growth engines in each division, in each segment. And each one of them has its own uniqueness and its own capabilities. And that’s the beauty of our portfolio, that we are not dependent just on one segment or just on one growth engine. With regard to just to answer your question about swarms and UAVs, of course we have solutions for that, which are based on countermeasures, based on hard-kit solution and based on energy weapon solutions as well, which we are developing for many customers around the globe. With regards to Japan, we of course respect the decision. Japan is an important market and we know that budgets are increasing in this market. We have collaboration in this place and we have opportunities in Japan. And we’re going to continue to work in this market.

Atinc Ozkan: Thank you, gentlemen.

Rami Myerson: Thank you, Atinc.

Operator: [Operator Instructions] There are no further questions at this time. Before I ask Mr. Machlis to go ahead with his closing statement, I would like to remind participants that a replay of this call will be available two hours after the conference ends. In the U.S., please call 1-888-782-4291. In Israel, please call 039-255-900, and internationally please call 9723-9255-900. A replay of this call will also be available on the company’s website, www.elbitsystems.com. Mr. Machlis, would you like to make your concluding statement?

Butzi Machlis: Yes, I would like to thank all our employees for their continued hard work and contribution to Elbit Systems’ success. To everyone on the call, thank you for joining us today and for your continued support and interest in our company. Have a good day and goodbye.