What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to announce and provide access to Harris Corporation's press release detailing its financial results for the fourth quarter and the full fiscal year 2003.

What are non-GAAP financial measures, and why is Harris Corporation using them?

Non-GAAP financial measures are numerical performance measures that exclude or include amounts differently than the most comparable measure calculated under Generally Accepted Accounting Principles (GAAP). Harris Corporation is using them to provide investors with a clearer view of its operating performance and business trends, separate from the impact of specific charges related to restructuring activities such as product line exits, workforce reductions, and cost-cutting measures.

Where can I find the detailed financial results and the reconciliation of non-GAAP measures?

The detailed financial results and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures are included in the press release dated July 23, 2003, which is filed as Exhibit 99.1 to this 8-K report.

Are the non-GAAP financial measures presented in this filing to be considered a substitute for GAAP results?

No, the company explicitly states that any analysis of adjusted results (non-GAAP) should be used only in conjunction with, and not as a substitute for, results presented in accordance with GAAP. Management believes they are useful for understanding trends but should be considered alongside the official GAAP reporting.

LHX 8-K SEC Disclosure — Jul 23, 2003

Summary

This 8-K filing by L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) on July 23, 2003, primarily serves to furnish a press release announcing the company's fourth quarter and full fiscal year 2003 earnings and financial results. The filing highlights the use of non-GAAP financial measures, which exclude certain charges related to business restructuring, such as exiting product lines, workforce reductions, cost-cutting initiatives, and asset disposals. Harris Corporation emphasizes that these non-GAAP measures are intended to provide investors with a clearer understanding of underlying operating performance and business trends, separate from the impact of these specific events. Investors should note that the press release includes reconciliations of these non-GAAP measures to their most directly comparable GAAP financial measures, as required by Regulation G. Management believes these adjusted figures enhance the ability to analyze trends and understand performance. While useful for management compensation and trend analysis, investors are advised to use these non-GAAP measures in conjunction with, and not as a substitute for, GAAP-based results.

Key Highlights

1Harris Corporation filed an 8-K on July 23, 2003, to announce its Q4 and FY 2003 earnings.
2The report's primary exhibit is a press release detailing financial results for the quarter and fiscal year ended June 27, 2003.
3The company utilized non-GAAP financial measures in its earnings announcement.
4Non-GAAP measures exclude charges related to exiting product lines, workforce reductions, cost-cutting, and asset disposals.
5Harris Corporation believes these non-GAAP measures offer investors better insight into period-over-period operating results and business trends.
6A reconciliation of non-GAAP to GAAP measures is provided in the press release per Regulation G requirements.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report (Jul 23, 2003)

Summary

Key Highlights

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