What are the main financial updates provided in this filing?

This 8-K filing announces Harris Corporation's financial results for the second quarter of fiscal year 2007 and also provides revised earnings guidance for the full fiscal year 2007. The details are in an accompanying press release.

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

Non-GAAP financial measures are financial metrics that exclude certain items from the most directly comparable GAAP measure. Harris Corporation is using them to present net income and earnings per share, excluding specific costs and gains related to a business combination and an investment impairment. Management believes these measures provide investors with a better understanding of the company's core operating performance and trends, separate from the impact of these specific events.

Where can I find the detailed financial results and guidance?

The detailed financial results and guidance are provided in Exhibit 99.1, which is a press release issued by Harris Corporation on January 30, 2007. This exhibit is furnished as part of this 8-K filing.

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

No, the information contained in this Form 8-K, including Exhibit 99.1, is being furnished, not filed. This means it is not subject to the liability provisions of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated by reference into other SEC filings unless expressly stated.

LHX 8-K: Earnings & Results & Regulation FD

Summary

This 8-K filing by Harris Corporation (now L3Harris Technologies) on January 30, 2007, announces its financial results for the second quarter of fiscal year 2007 and revises its earnings guidance for the full fiscal year. The report highlights the company's operational performance and provides forward-looking statements that are crucial for investors to assess the company's trajectory and profitability. Notably, the filing includes a discussion of non-GAAP financial measures, which exclude certain costs related to a business combination and investment impairments. Management asserts that these non-GAAP figures offer a clearer view of underlying business trends, aiding investors in understanding performance separate from specific, potentially distorting, events. Investors should carefully consider both GAAP and non-GAAP results to form a comprehensive understanding of the company's financial health and future prospects.

Key Highlights

1Harris Corporation announced its second-quarter fiscal year 2007 results.
2The company revised its earnings per share guidance for the full fiscal year 2007.
3The filing references a press release (Exhibit 99.1) containing detailed financial results and guidance.
4Harris Corporation is utilizing and explaining non-GAAP financial measures to provide a clearer view of operational performance.
5Non-GAAP measures exclude costs related to a business combination and impairment charges on an investment.
6Management believes these non-GAAP measures enhance investor understanding of business trends and performance.
7The information is furnished under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jan 30, 2007)

Summary

Key Highlights

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