Summary
This 8-K filing from Harris Corporation, dated March 13, 2006, primarily serves as a Regulation FD disclosure, announcing the release of a press release detailing their fiscal year 2007 earnings per share (EPS) guidance. The company also provided details regarding an upcoming webcast and teleconference to discuss their strategic overview, financial summary, and this EPS guidance. Investors should note that the press release includes non-GAAP financial measures, which management believes offer a more insightful view of operating results by excluding certain items that can disproportionately impact performance, such as inventory write-downs, cost-reduction initiatives, and acquisition-related costs.
Key Highlights
- 1Harris Corporation issued fiscal year 2007 EPS guidance.
- 2Details were provided for an upcoming webcast and teleconference to discuss strategy and financials.
- 3The company is using non-GAAP financial measures for enhanced investor understanding of performance trends.
- 4Excluded items for non-GAAP measures include inventory write-downs, cost-reduction items, and acquisition-related costs.
- 5The filing is furnished under Regulation FD and the press release is an exhibit.
- 6The press release aims to provide a clearer view of operational performance apart from one-time or specific segment impacts.
Frequently Asked Questions
The main purpose of this 8-K filing is to provide disclosure under Regulation FD, announcing a press release that includes Harris Corporation's earnings per share guidance for fiscal year 2007 and details for an upcoming investor webcast and teleconference.
The accompanying press release provides the company's earnings per share guidance for fiscal year 2007. It also includes a discussion of non-GAAP financial measures, which exclude specific items like inventory write-downs, cost-reduction initiatives, and acquisition-related costs, to offer a clearer view of ongoing operational performance.
Harris Corporation uses non-GAAP financial measures because management believes they provide a more useful view for investors in understanding period-over-period operating results. These measures are intended to separate operational performance from items that can have a disproportionately positive or negative impact in any given period, thereby enhancing investors' ability to analyze business trends.
Investors can expect to hear more details during an upcoming webcast and teleconference, the access details for which were provided in the press release furnished with this 8-K filing.