L3Harris Q1 2022 Earnings Report

L3Harris announced first quarter fiscal year 2022 results.

Key Takeaways

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

First quarter fiscal year 2022 results were released.

An investor letter was posted to the Investor Relations section of the company’s website.

A call was hosted on April 29, 2022, focused on questions and answers.

The company has more than $17 billion in annual revenue and 47,000 employees.

Total Revenue

$4.1B

Previous year: $4.57B

-10.2%

EPS

$3.12

Previous year: $3.18

-1.9%

Gross Profit

$1.24B

Previous year: $1.4B

-11.2%

Cash and Equivalents

$402M

Previous year: $976M

-58.8%

Free Cash Flow

-$16M

Previous year: $594M

-102.7%

Total Assets

$34.4B

Previous year: $36.6B

-5.9%

No forward guidance was provided in the press release.

Full financial data and analysis