Loading...
•
Jul 02, 2021
L3Harris Q2 2021 Earnings Report
L3Harris reported strong second quarter results driven by solid growth across key end-markets and all four segments.
Key Takeaways
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.
Revenue increased by 5.0% versus prior year and 6.2% on an organic basis.
GAAP earnings per share (EPS) was $2.01, up 55%.
Non-GAAP EPS was $3.26, up 15%.
The company raised 2021 adjusted EBIT margin guidance to ~18.5% and non-GAAP EPS guidance to $12.80 - $13.00.
Revenue by Segment
Forward Guidance
L3Harris revised 2021 guidance as follows:
Positive Outlook
- Revenue: $18.1 billion - $18.5 billion
- Organic revenue growth: up 3.0% - 5.0%
- Adjusted EBIT margin: ~18.5%
- Non-GAAP EPS: $12.80 - $13.00
- Adjusted free cash flow: $2.8 billion - $2.9 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...