Welcome to our dedicated page for Eltek news (Ticker: ELTK), a resource for investors and traders seeking the latest updates and insights on Eltek stock.
Comprehensive Overview of Eltek Ltd
Eltek Ltd (NASDAQ: ELTK) is a globally recognized manufacturer and supplier of custom-made printed circuit boards (PCBs) offering innovative, high-technology solutions. As an established player since 1970, the company has built an impressive reputation by delivering tailored circuitry solutions that support complex electronic functions in the medical, defense, aerospace, industrial, telecom, and networking equipment sectors. Utilizing advanced technology in rigid, flex-rigid, and high-density interconnect (HDI) PCB production, Eltek continues to set industry benchmarks in quality and performance.
Business Model and Core Operations
Eltek’s core business revolves around the design, manufacture, and sale of sophisticated PCB solutions that are integral to the core circuitry of a wide array of electronic devices. Its product portfolio includes custom printed circuit boards, multilayered assemblies, and flex-rigid boards, engineered to meet the rigorous demands of high-end markets. The company leverages a business model that emphasizes precision engineering, proactive customer service, and technological innovation. By blending state-of-the-art manufacturing techniques with rigorous quality control and key certifications (such as ITAR compliance, AS-9100, and NADCAP), Eltek consistently delivers products that meet the strict regulatory and performance standards of its global clientele.
Market Position and Industry Context
Positioned firmly in an advanced technological arena, Eltek operates within the broader electronics manufacturing and high-tech solutions industry. Its market significance is bolstered by its longtime expertise, evolving product mix and strategic investments in production capability enhancements. The company caters predominantly to sectors with high reliability and performance demands; its custom PCB solutions support critical applications in defense, aerospace, and medical technologies. Eltek not only meets current market requirements but also adapts to dynamic shifts in industry trends such as increased miniaturization and the growing demand for sophisticated electronic circuitry.
Operational Excellence and Global Reach
Eltek’s operations are strategically distributed across key geographic areas including Israel, North America, Europe, and Asia. The company generates a substantial portion of its revenues from its home market in Israel, while also maintaining a significant presence internationally through its subsidiary and an extensive network of agents and distributors. This global footprint is a testament to its operational excellence and ability to consistently provide high-quality, custom-engineered solutions in a competitive industry landscape.
Innovation and Quality Assurance
The company is committed to continuous improvement and technological innovation. It has consistently invested in expanding and enhancing its manufacturing capabilities, which ensures that its production process remains at the forefront of modern PCB technology. Through proactive customer care and a focus on quality assurance, Eltek establishes rigorous standards to deliver products that not only meet but often exceed the demanding requirements of its diverse customer base.
Certification and Industry Recognition
Maintaining a robust portfolio of industry certifications, Eltek underscores its dedication to quality and compliance. The company is ITAR compliant and holds certifications such as AS-9100 and NADCAP for electronics, which reflect its commitment to meeting international standards and safeguarding the integrity of its products in sensitive application areas like defense and aerospace.
Customer-Centric Approach and Competitive Differentiation
At the heart of its operations lies an unwavering commitment to customer satisfaction. Eltek’s focus on providing bespoke solutions, tailored to the specific needs of each client, sets it apart from competitors in the PCB manufacturing space. Its strategic approach combines technical expertise, advanced manufacturing processes, and rigorous quality control, creating a unique value proposition that underscores trust and reliability in every project.
Summary
Overall, Eltek Ltd embodies the principles of precision engineering and innovative manufacturing in the field of custom PCB solutions. Through decades of experience, consistent quality enhancements, and a deep understanding of complex electronic applications, the company remains a trusted partner for industries requiring state-of-the-art circuit board technology. Its comprehensive operations—from design to final production—reflect a sustained commitment to excellence, making Eltek a noteworthy entity in the high-tech manufacturing domain.
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.
Eltek (NASDAQ: ELTK) will release its financial results for the first quarter of 2024 on May 21, 2024. The results will be discussed in a conference call featuring remarks by the CEO and CFO.
FAQ
What is the current stock price of Eltek (ELTK)?
What is the market cap of Eltek (ELTK)?
What is the core business of Eltek Ltd?
Which industries does Eltek primarily serve?
How does Eltek differentiate its products in a competitive market?
What certifications highlight Eltek's commitment to quality?
How does Eltek generate revenue?
What regions contribute to Eltek's market presence?
How is Eltek positioned within the high-tech manufacturing sector?
