8-KOther Events

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report (Jul 28, 2004)

Filed July 28, 2004For Securities:LHX

Summary

L3Harris Technologies, Inc. (LHX) filed an 8-K on July 28, 2004, to furnish a press release detailing its financial results for the fourth quarter and full fiscal year ended July 2, 2004. The report highlights that the company is presenting certain non-GAAP financial measures, such as segment operating income, income from continuing operations, and diluted earnings per share, which exclude specific items to offer a clearer view of operational trends. Management believes these adjusted measures are valuable for investors to understand the underlying performance of the business, separate from items that can disproportionately impact results in any given period. The press release includes a reconciliation of these non-GAAP measures to the most directly comparable GAAP figures, as required by Regulation G, allowing investors to analyze trends and performance with enhanced clarity while still referencing official GAAP results.

Key Highlights

  • 1Furnished press release announcing Q4 and FY 2004 earnings and financial results.
  • 2Reporting period for fiscal year end is July 2, 2004.
  • 3Utilized non-GAAP financial measures for reporting, including segment operating income, income from continuing operations, and diluted EPS.
  • 4Non-GAAP measures exclude certain costs, expenses, gains, and losses to provide a clearer operational picture.
  • 5Management believes non-GAAP measures enhance investor understanding of period-over-period operating results and business trends.
  • 6Press release includes reconciliation of non-GAAP to GAAP financial measures as required by Regulation G.
  • 7Non-GAAP measures are intended for use in conjunction with, not as a substitute for, GAAP results.

Frequently Asked Questions

The primary purpose of this 8-K filing is to furnish a press release from Harris Corporation (the company) that announces and discusses its financial results for the fourth quarter and the full fiscal year ended July 2, 2004.

Non-GAAP financial measures are numerical performance measures that exclude or include amounts differently than the comparable measures calculated under Generally Accepted Accounting Principles (GAAP). The company uses them because management believes they provide investors with useful insights into period-over-period operating results, free from items that might disproportionately affect specific periods, and enhance the ability to analyze business trends and performance.

This specific 8-K filing does not include audited financial statements. It is primarily a furnishing of a press release announcing earnings and financial results, which includes both GAAP and non-GAAP measures with reconciliations. For audited statements, investors should refer to the company's annual report (10-K) or other relevant filings.

When information is 'furnished' under Item 12 of an 8-K, it means the company is providing it to the SEC but is not subject to the same liability provisions under Section 18 of the Exchange Act as if it were 'filed'. This often applies to press releases or other company announcements that are not intended to be incorporated into other SEC filings automatically.