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

The primary purpose of this 8-K filing is to report Harris Corporation's financial results for its third quarter of fiscal year 2005 and to provide earnings guidance for the full fiscal year 2005 and fiscal year 2006.

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

Non-GAAP financial measures are financial metrics that exclude or include amounts such that they differ from the most comparable measure calculated under Generally Accepted Accounting Principles (GAAP). Harris Corporation is using them to present earnings excluding costs associated with the acquisition of Encoda Systems Holdings, Inc., such as write-offs of in-process R&D and impairment losses on software. The company believes these measures offer investors a better understanding of ongoing operational performance by separating it from significant one-time acquisition-related expenses.

Where can I find the detailed financial information and guidance mentioned in the report?

The detailed financial information, including the company's third-quarter results and forward-looking guidance, along with the reconciliation of non-GAAP measures to GAAP, is provided in Exhibit 99.1, which is a press release furnished as part of this 8-K filing.

Are the non-GAAP financial measures the only performance indicators investors should consider?

No, the company explicitly states that non-GAAP financial measures should be considered in addition to, and not as a substitute for, or superior to, financial measures prepared in accordance with GAAP. Investors should review both GAAP and non-GAAP information to gain a comprehensive understanding of the company's financial health and performance.

LHX 8-K: Earnings & Results & Regulation FD

Summary

L3Harris Technologies, Inc. (then Harris Corporation) filed this 8-K on April 26, 2005, to announce its third-quarter fiscal year 2005 results and provide forward-looking guidance. The filing indicates that the company is reporting its financial performance, including earnings, and offering outlooks for the remainder of fiscal year 2005 and into fiscal year 2006. Importantly, the report highlights the company's use of non-GAAP financial measures, specifically adjusted earnings that exclude certain acquisition-related costs from the Encoda Systems Holdings, Inc. acquisition. Harris Corporation explains that these non-GAAP measures are presented to offer investors a clearer view of underlying operational trends, separate from one-time acquisition expenses, and are used internally for performance assessment. Investors should note that while these measures provide an alternative perspective, the company also provides GAAP-compliant financial information.

Key Highlights

1Harris Corporation announced its third-quarter fiscal year 2005 results and financial condition.
2The company provided earnings guidance for fiscal year 2005 and fiscal year 2006.
3The filing explicitly details the use of non-GAAP financial measures, excluding costs related to the Encoda Systems Holdings, Inc. acquisition.
4These non-GAAP measures aim to present operational results distinct from acquisition-related impacts like R&D write-offs and software impairment losses.
5Harris Corporation believes these non-GAAP measures enhance investor understanding of business trends and performance.
6The company reiterates that non-GAAP measures should be considered alongside, not as a substitute for, GAAP financial results.
7Exhibit 99.1, the full press release with financial tables, is furnished as part of this 8-K filing.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Apr 26, 2005)

Summary

Key Highlights

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