Eltek Ltd. manufactures custom printed circuit boards for high-end electronic applications, including HDI, multilayer and flex-rigid boards. The Israel-based company serves customers in defense, aerospace, medical technology, industrial, telecom and networking equipment markets, with a North American subsidiary and sales channels through agents and distributors in multiple regions.
Recurring news for ELTK covers financial results, earnings-call schedules, customer purchase orders, order delivery schedules and operating outlook updates tied to its PCB manufacturing business. Company updates also reference certifications and compliance standards such as ITAR, AS-9100 and NADCAP Electronics, along with demand trends in defense, aerospace and medical end markets.
Eltek (NASDAQ: ELTK) has announced a cash dividend of $0.19 per share, totaling approximately $1.3 million. The dividend will be paid on April 29, 2025, to shareholders of record as of April 22, 2025, and is subject to a 25% withholding tax.
According to Chairman Yitzhak Nissan, this dividend payment exceeds the company's standard dividend policy, demonstrating strong financial position and confidence in future growth. The decision aims to reward shareholder trust while maintaining financial stability for future opportunities.
Eltek (NASDAQ:ELTK) reported its financial results for 2024, showing annual revenues of $46.5 million, a slight decline from $46.7 million in 2023. Net income decreased to $4.2 million from $6.4 million, with diluted EPS of $0.63 compared to $1.07 in 2023.
The company is undergoing a strategic transition through mid-2026, implementing a $15 million investment plan to expand production capacity to $55-65 million annually. The fourth quarter saw temporary disruptions due to facility upgrades, with Q4 revenues at $10.8 million and neutral net income.
Eltek is positioned to benefit from global PCB industry shifts, particularly in Defense, Aerospace, and Medical markets, driven by US-China trade tensions and increased defense spending worldwide.
Eltek (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced printed circuit boards solutions, has scheduled its Q4 and Full Year 2024 financial results release for March 11, 2025, before market opening.
The company will host a conference call on the same day at 9:30 a.m. Eastern Time, featuring CEO Eli Yaffe and CFO Ron Freund. Investors can participate through teleconference numbers: US: 1-866-860-9642, Israel: 03-9180691, International: +972-3-9180691.
A replay will be available on Eltek's website for 30 days following the call.
Eltek (NASDAQ: ELTK) reported strong Q3 2024 financial results with revenues of $13.5 million, up 14% from Q3 2023. The company achieved an operating profit of $1.9 million and net income of $1.7 million ($0.25 per diluted share). Gross profit was $3.5 million with a 26% margin. Cash position remained strong at $18.1 million. The company plans to expand manufacturing space by 15,000 sq. ft. by year-end 2024 and has adopted a new dividend policy allowing distribution of up to 25% of net income. Defense, aerospace, and medical devices segments continue showing robust demand.
Eltek (NASDAQ: ELTK), a global manufacturer of advanced printed circuit boards, has scheduled its Q3 2024 earnings release for Tuesday, November 19, 2024, before market opening. The company will host a conference call at 9:00 a.m. Eastern Time featuring CEO Eli Yaffe and CFO Ron Freund to discuss the results. The call will be accessible via teleconference numbers for U.S., Israel, and international participants, with a replay available on Eltek's website for 30 days after the call.
Eltek (NASDAQ: ELTK), a global manufacturer of advanced printed circuit boards, has appointed Tomer Segev as its new Vice President of Marketing and Sales. With over 20 years of experience in the technology and electronics industries, Segev brings extensive knowledge in driving global sales growth and executing strategic marketing initiatives. He will oversee Eltek's global sales operations and lead the marketing team.
Segev's prior experience includes senior leadership roles at PCB Technologies, Camtek, Orbotech, and KLA. He holds a B.Sc. in Physics and Materials Engineering from the Technion and an MBA from the Kellogg-Recanati Executive MBA program. CEO Eli Yaffe expressed confidence that Segev's leadership will help strengthen Eltek's position in the industry and accelerate its growth strategy.
Eltek (NASDAQ: ELTK), a global manufacturer of advanced printed circuit boards, has secured $3.5 million in purchase orders from two defense customers. The orders involve high-technology products to be delivered from Q4 2024 through 2026. Eltek's CEO, Eli Yaffe, emphasized that these long-term orders align with the company's strategy for optimal production planning and maximum efficiency. The company anticipates additional long-term orders from these customers in the near future, potentially strengthening its position in the defense sector and boosting its financial outlook.
Eltek (NASDAQ: ELTK) reported its Q2 2024 financial results, showing a decline in performance compared to the previous year. Revenues decreased to $10.5 million from $11.0 million in Q2 2023. Operating profit fell to $0.4 million from $1.4 million, while net income dropped to $0.8 million ($0.11 per diluted share) from $1.3 million ($0.22 per diluted share).
The company attributed the decline to a shift in customer orders towards medium-technology PCBs, resulting in lower prices and margins. However, CEO Eli Yaffe expressed confidence in the company's long-term strategy, citing a 30% increase in backlog since the beginning of 2024 and expectations of improved profitability in Q3.
Eltek (NASDAQ: ELTK), a global manufacturer of advanced printed circuit boards, has announced its plans to release second quarter 2024 financial results on August 15, 2024, before market opening. The company will host a conference call at 9:30 a.m. Eastern Time on the same day to discuss the results. Eli Yaffe, CEO, and Ron Freund, CFO, will lead the call. Investors can access the results on Eltek's website and participate in the call using provided teleconference numbers. A replay will be available on the company's website for 30 days after the call.
Eltek (NASDAQ: ELTK), a global leader in advanced PCB solutions, reported its Q1 2024 financial results. Revenues rose by 3% to $11.8 million compared to Q1 2023. Operating profit increased by 8% to $1.7 million, and net income grew by 11% to $1.7 million, translating to $0.27 per fully diluted share. Net cash from operating activities was $1.3 million. Highlights include a $1.6 million repeat order from a defense client and plans to expand the workforce by 15% to meet rising demand. The company also aims to acquire a PCB manufacturer in the U.S. and expand its Israeli operations. However, Eltek faces challenges with construction delays and integrating new production lines, though progress remains steady.