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What does EBIT mean?

Looking for the meaning or definition of the word EBIT? Here's what it means.

Initialism
  1. (physics) Electron Beam Ion Trap
  2. (accounting, finance) Earnings Before Interest and Taxes.
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Examples
At present it is expected that EBIT for the year 2006 will reach the target of ยค 36m which was set in January of last year.
We track EBIT because we believe it makes it easier to compare our performance with previous periods, and with companies and industries that do not have the same capital structure or tax laws.
Overall, including the impact of the above factors, Group EBIT in the third quarter declined to EUR 197 million.
In the face of a challenging environment, also marked by the low euro exchange rate and some downslides in the stock markets, EBITDA increased, while EBIT and consolidated revenue slipped.
In terms of financial performance, we made a conscious decision to let our top line reduce so we could maintain our EBIT margin and bottom line.
The survey results compare the multiples of EBIT paid for various sizes and categories of middle-market manufacturers.

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