Bet Shemesh Engines Holdings (1997) (BSEN) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached $89.2M, up 20.6% year-over-year, driven by growth in both main business segments despite negative currency effects.

• Net income for the quarter was $14.7M, a 36% increase compared to Q1 2025.

• Order backlog expanded to $3.3B, covering up to 16 years, reflecting robust long-term demand.

• Significant new contracts were signed, including a $148M jet engine order and expanded agreements with major aerospace clients.

Financial highlights

• Gross margin for Q1 2026 was 25.2%, compared to 24.6% in Q1 2025.

• EBITDA for the quarter was $21.1M (23.7% margin), up from $17.4M (23.5%) in Q1 2025.

• Operating income rose to $17.4M (19.5% margin), compared to $14.1M (19.0%) in Q1 2025.

• Net cash position improved to $7.6M, reversing a net debt of $78.9M a year earlier.

• Current ratio increased to 2.5 from 1.4 year-over-year.

Outlook and guidance

• Management expects continued growth in both segments, supported by strong demand and improved production processes.

• Ongoing geopolitical risks and currency fluctuations are noted as factors that could impact future results.