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

The main purpose of this 8-K filing is to announce Harris Corporation's financial results for the second quarter of fiscal year 2008 and to provide updated guidance for the full fiscal year 2008. It also includes a press release detailing these results and financial condition.

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

Non-GAAP financial measures are financial performance indicators that exclude or include amounts that differ from the most directly comparable measure calculated and presented in accordance with Generally Accepted Accounting Principles (GAAP). Harris Corporation is using them to exclude certain costs and expenses associated with recent acquisitions and business combinations, believing these adjusted figures provide a more useful view of operational performance and business trends for investors.

Are the non-GAAP financial measures provided in this report a substitute for GAAP measures?

No, Harris Corporation explicitly states that non-GAAP financial measures should be viewed in addition to, and not in lieu of, GAAP measures. Investors are encouraged to consider both GAAP and non-GAAP figures, and to refer to the provided reconciliations in Exhibit 99.1 for a clear comparison.

Where can I find the detailed financial results and the reconciliation of non-GAAP to GAAP measures?

The detailed financial results and the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures are provided in the press release furnished as Exhibit 99.1 to this Form 8-K filing.

LHX 8-K: Earnings & Results & Regulation FD

Summary

This 8-K filing from Harris Corporation (now L3Harris Technologies) on January 30, 2008, primarily announces their financial results for the second quarter of fiscal year 2008 and provides updated guidance for the full fiscal year. The report highlights the company's financial performance and offers insights into future expectations. It's important for investors to note that the company is presenting certain non-GAAP financial measures, which exclude specific costs related to recent acquisitions (Multimax and Zandar) and a business combination (Harris's Microwave Communications business and Stratex Networks, Inc.). These non-GAAP measures are intended to provide a clearer view of the company's operational performance by separating out the impact of these significant corporate actions. Management believes these adjusted figures offer investors a more useful perspective for analyzing business trends and performance. Investors should review these non-GAAP measures alongside the GAAP-reported figures and refer to the accompanying press release (Exhibit 99.1) for detailed reconciliations.

Key Highlights

1Harris Corporation announced its financial results for the second quarter of fiscal year 2008.
2The company provided updated earnings guidance for the full fiscal year 2008.
3The filing includes discussion and presentation of non-GAAP financial measures.
4These non-GAAP measures exclude costs associated with acquisitions of Multimax Incorporated and Zandar Technologies plc.
5Non-GAAP measures also exclude costs related to the combination of Harris's Microwave Communications business and Stratex Networks, Inc.
6Management believes non-GAAP measures offer investors a better understanding of operational performance and business trends.
7The full press release, including financial tables and reconciliations of non-GAAP to GAAP measures, is furnished as Exhibit 99.1.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jan 30, 2008)

Summary

Key Highlights

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