Summary
L3Harris Technologies, Inc. (LHX) filed an 8-K on February 28, 2008, primarily to disclose updated earnings per share (EPS) guidance for fiscal year 2008. This guidance excludes certain costs and expenses related to recent acquisitions, specifically Multimax Incorporated and Zandar Technologies plc, as well as the combination of their Microwave Communications business with Stratex Networks, Inc. The company is also providing an expected fiscal 2008 organic revenue growth rate, which includes revenue from acquired businesses in fiscal 2007 and excludes revenue from exited businesses in fiscal 2007. These non-GAAP financial measures are presented to offer investors a clearer view of operational performance by isolating the impact of specific strategic events and acquisitions.
Key Highlights
- 1Harris Corporation is providing updated fiscal 2008 EPS guidance.
- 2The updated EPS guidance excludes costs associated with acquisitions of Multimax Incorporated and Zandar Technologies plc.
- 3The guidance also excludes costs related to the combination of Harris' Microwave Communications business and Stratex Networks, Inc.
- 4The company is providing expected fiscal 2008 organic revenue growth rate.
- 5The organic revenue growth rate includes fiscal 2007 revenue from acquired businesses.
- 6The organic revenue growth rate excludes fiscal 2007 revenue from exited businesses.
- 7The information is presented as a Regulation FD disclosure and is furnished, not filed.