L3Harris Q3 2021 Earnings Report
Key Takeaways
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.
Orders of $4.5 billion; funded book-to-bill of 1.07
Revenue of $4.2 billion, down 5% versus prior year, and down 1% on an organic basis; impacted by global electronic component shortages
GAAP net income margin of 11.3%; GAAP earnings per share from continuing operations (EPS) of $2.39, up 20%
Non-GAAP EPS of $3.21, up 13%
L3Harris
L3Harris
L3Harris Revenue by Segment
Forward Guidance
L3Harris updated 2021 guidance due to the effect of completed divestitures and global supply chain-related impacts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income