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

The main purpose of this 8-K filing is to publicly disclose L3Harris Technologies' (Harris Corporation) financial results for the fourth quarter and full fiscal year ended August 2007, and to provide updated earnings guidance for fiscal year 2008, as detailed in an accompanying press release.

What are non-GAAP financial measures, and why does L3Harris use them?

Non-GAAP financial measures are financial calculations that exclude certain items from GAAP (Generally Accepted Accounting Principles) figures. L3Harris uses them, such as excluding costs related to restructuring, asset write-downs, or acquisition activities, to present a view of its operating performance that management believes is more indicative of underlying business trends and helps investors better analyze performance over time.

How should investors interpret the non-GAAP information presented?

Investors should view the non-GAAP financial measures presented by L3Harris as supplemental information to, and not as a substitute for, the company's financial results prepared in accordance with GAAP. The company provides reconciliations to GAAP figures, which should be reviewed to understand the adjustments made.

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

No, the information furnished under Items 2.02 and 7.01, including the press release, is considered 'furnished' and not 'filed' with the SEC. This means it is not subject to the liability provisions of Section 18 of the Securities Exchange Act of 1934.

LHX 8-K: Earnings & Results & Regulation FD

Summary

L3Harris Technologies, Inc. (LHX) filed an 8-K on August 7, 2007, primarily to furnish a press release detailing its financial results for the fourth quarter and full fiscal year 2007. The filing also includes updated earnings guidance for fiscal year 2008. Investors should note that the company utilizes and discusses non-GAAP financial measures in its reporting, which exclude certain costs, charges, gains, and losses to provide a clearer view of ongoing operational performance. These non-GAAP measures are presented alongside GAAP results to aid in understanding trends and performance, but investors are advised to consider them in conjunction with, not as a substitute for, GAAP figures.

Key Highlights

1L3Harris Technologies (Harris Corporation) announced its Q4 and full fiscal year 2007 financial results.
2The company provided updated earnings guidance for fiscal year 2008.
3The filing includes a press release as Exhibit 99.1, containing detailed financial information.
4The report explicitly states that information furnished under Item 2.02 and 7.01 is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
5L3Harris utilizes and discusses non-GAAP financial measures, excluding specific items like cost-reduction charges, asset impairments, acquisition costs, and gains from business combinations.
6Management believes non-GAAP measures offer useful insights into operational performance and trends, supplementing GAAP reporting.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Aug 7, 2007)

Summary

Key Highlights

Frequently Asked Questions