L3Harris Earnings Reports

L3Harris Technologies reported fourth-quarter revenue of $5.5 billion and diluted EPS of $2.37. The company's results reflect business growth and improved operational efficiencies, driving margin improvement. They also delivered on their financial commitments, underscoring their agility and position as the defense industry’s Trusted Disruptor, and achieved a record backlog of $34 billion.

L3Harris Technologies reported a strong third quarter with revenue of $5.3 billion, up 8% from the previous year, and diluted EPS of $2.10, a 4% increase. The company's book-to-bill ratio was outstanding at 1.4x, with solid organic growth and improving margins. Due to impressive progress on the LHX NeXt initiative, the company is updating its 2024 savings target to at least $600 million and now expects to reach the overall target of $1 billion a year early.

L3Harris Technologies reported a 13% increase in revenue to $5.3 billion, driven by the acquisition of Aerojet Rocketdyne and organic growth in Communication Systems and Space & Airborne Systems. Diluted EPS was $1.92, and non-GAAP EPS was $3.24, a 9% increase year-over-year. The company raised its full-year revenue, margin, and EPS guidance, reflecting the positive impact of the LHX NeXt initiative.

L3Harris Technologies reported a strong start to 2024 with solid revenue and higher operating margin across all four segments. First quarter revenue was $5.2 billion, up 17% from the previous year. The company increased its 2024 profitability guidance, while reaffirming revenue and free cash flow commitments.

L3Harris Technologies reported a 17% increase in fourth-quarter revenue, driven by the acquisitions of Aerojet Rocketdyne and Tactical Data Links, as well as organic growth in Space & Airborne Systems and Communication Systems segments. The company's operating margin decreased due to impairment associated with the pending sale of the Commercial Aviation Solutions business. Non-GAAP EPS increased by 2% due to higher segment operating income and a lower effective tax rate.

L3Harris Technologies reported its third quarter fiscal year 2023 results, which were released in an Investor Letter.

L3Harris Technologies announced its second quarter fiscal year 2023 results.

L3Harris Technologies reported its first quarter fiscal year 2023 financial results, which were released in an Investor Letter.

L3Harris Technologies reported its fourth quarter fiscal year 2022 results.

L3Harris Technologies announced its third quarter fiscal year 2022 results in an Investor Letter.

L3Harris Technologies reported its second quarter fiscal year 2022 results in an Investor Letter.

L3Harris Technologies announced its first quarter fiscal year 2022 financial results.

L3Harris Technologies reported a decrease in revenue by 7% compared to the prior year, with a GAAP EPS of $2.46 and non-GAAP EPS of $3.30. The company initiated its 2022 financial guidance.

L3Harris Technologies reported Q3 2021 revenue of $4.2 billion, a 5% decrease compared to the prior year, and a 1% decrease on an organic basis. GAAP net income was $479 million, up 11% versus prior year. GAAP EPS was $2.39, up 20%, and non-GAAP EPS was $3.21, up 13% versus prior year.

L3Harris Technologies reported a 5.0% increase in revenue to $4.7 billion, with a 6.2% organic growth. GAAP EPS increased by 55% to $2.01, and non-GAAP EPS increased by 15% to $3.26. The company raised its 2021 adjusted EBIT margin guidance to ~18.5% and non-GAAP EPS guidance to $12.80 - $13.00.

L3Harris Technologies reported second quarter 2020 revenue of $4.4 billion, up 138% and flat versus prior-year GAAP and pro forma, respectively, and up 2.3% on an organic basis. Net income was $278 million. GAAP EPS was $1.30. Non-GAAP EPS was $2.83.

L3Harris Technologies reported a revenue of $4.6 billion, up 5% versus prior-year pro forma. GAAP EPS was $0.99 and non-GAAP EPS was $2.80. Net income was $194 million. The company has updated its 2020 outlook to reflect pandemic-related risks primarily in commercial aerospace.