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

The main purpose of this 8-K filing is to officially furnish a press release that announces L3Harris Technologies' (then Harris Corporation) financial results for its fourth quarter and full fiscal year 2006, as well as to provide updated earnings guidance for fiscal year 2007. It also highlights the company's use of non-GAAP financial metrics.

What types of expenses are excluded in the non-GAAP financial measures mentioned?

The non-GAAP financial measures exclude costs related to facility shutdown, relocation expenses, severance costs and other charges from cost-reduction actions in the Broadcast Communications segment, costs associated with the acquisition of Leitch Technology Corporation, charges related to the discontinuance of legacy international microwave products, and charges from an arbitration decision.

Why does the company present non-GAAP financial measures?

Harris management believes that by excluding certain costs and charges, the non-GAAP financial measures provide investors with a more useful understanding of period-over-period operating results, separate from items that might have a disproportionately positive or negative impact in a specific period. They are intended to enhance the ability of investors to analyze business trends and understand performance.

Is the information in this filing considered 'filed' with the SEC for liability purposes?

No, the information contained in this Current Report on Form 8-K, including the accompanying press release, is being furnished pursuant to Items 2.02 and 7.01. Therefore, it is not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liability provisions of that section.

LHX 8-K: Earnings & Results

Summary

L3Harris Technologies (formerly Harris Corporation) filed an 8-K on July 26, 2006, primarily to furnish a press release announcing its fourth quarter and full fiscal year 2006 results. The report also includes revised guidance for fiscal year 2007 earnings. A key aspect of the filing is the company's use of non-GAAP financial measures, which exclude specific costs related to cost-reduction actions, an acquisition, discontinuance of products, and an arbitration decision. The company asserts that these non-GAAP measures provide investors with a clearer view of operational trends and performance, separate from unusual or one-time charges.

Key Highlights

1Harris Corporation reported its Q4 and full fiscal year 2006 financial results via an attached press release.
2The company provided updated earnings guidance for the upcoming fiscal year 2007.
3The filing emphasizes the use of non-GAAP financial measures, detailing specific exclusions such as cost-reduction expenses, acquisition-related costs, and product discontinuance charges.
4Harris management believes these non-GAAP measures offer valuable insights into ongoing operational performance, distinct from specific, potentially distorting, events.
5The press release and financial tables are furnished as Exhibit 99.1 and are incorporated by reference into the 8-K.
6This filing is for informational purposes and the information furnished is not considered 'filed' under Section 18 of the Exchange Act.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jul 26, 2006)

Summary

Key Highlights

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