Elbit Systems (NASDAQ:ESLT) Q2 2023 Earnings Conference Call August 15, 2023 9:00 AM ET

Company Participants

Rami Myerson - Investor Relations

Kobi Kagan - Chief Financial Officer

Bezhalel Machlis - President, Chief Executive Officer

Yossi Gaspar - Senior Executive Vice President, Business Management

Conference Call Participants

Sheila Kahyaoglu - Jefferies

Peter Skibitski - Alembic Global

Ella Fried - Bank Leumi

Elad Kraus - Meitav Brokerage LTD

Boaz Ben-Shitrit - Altshuler Shaham

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems Second Quarter 2023 Results Conference Call [Operator Instructions]. As a reminder, this conference is being recorded. You should have all received by now the company's press release that is available in the News section of the company's website at www.elbitsystems.com.

I would now like to hand over the call to Mr. Rami Myerson, Elbit Systems Investor Relations Director. Rami, please go ahead.

Rami Myerson

Thank you, Nathan. Good day, everyone, and welcome to our second quarter 2023 earnings call. On the call with me today are Butzi Machlis, President and CEO; Kobi Kagan, our CFO; and Yossi Gaspar, Senior EVP, Business Management.

Before we begin, I would like to point out that the safe harbor statement in the company's press release issued earlier today also refers to the contents of this conference call. As we do every quarter, we will provide you with both our regular GAAP financial data as well as certain supplemental non-GAAP information. We believe that this non-GAAP information provides additional detail to ever understand the performance of the ongoing business.

You can find all the detailed GAAP financial data as well as the non-GAAP financial information and the reconciliation in today's press release. Kobi will begin by providing a discussion of the financial results, followed by Butzi, who will talk about some of the significant events during the quarter and beyond.

We will then turn the call over to a question-and-answer session. With that I would like now to turn the call over to Kobi. Kobi, please.

Kobi Kagan

Thank you, Rami. Hello, everyone, and thank you for joining us today. The financial results of the second quarter of 2023 reflects sustained demand of our -- for our solutions, increased production capacity and gradual easing of supply chain pressures that supported the revenue growth. The sequential increase in operating profitability provides an encouraging initial indication of the successful implementation of the operational improvement plan. We continue our efforts across the company to improve profitability and cash generation and realize our potential.