8-KRegulation FDExhibits & Filings

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Regulation FD Disclosure (Feb 28, 2008)

Filed February 28, 2008For Securities:LHX

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce updated earnings per share (EPS) guidance for fiscal year 2008 and to provide an expected fiscal 2008 organic revenue growth rate. This information is being disclosed under Regulation FD.

Harris Corporation is providing these non-GAAP financial measures, such as adjusted EPS and organic revenue growth, to offer investors a view of operational performance that excludes the impact of specific acquisition costs and the integration of acquired/exited businesses. Management believes these measures enhance investors' ability to analyze trends and understand the company's performance separate from these significant events.

The adjusted EPS guidance excludes costs associated with the acquisitions of Multimax Incorporated and Zandar Technologies plc. It also excludes costs related to the combination of Harris' former Microwave Communications business with Stratex Networks, Inc.

The expected fiscal 2008 organic revenue growth rate includes the revenue from businesses acquired in fiscal 2007 and excludes the revenue from businesses that were exited in fiscal 2007. This presentation aims to provide a clearer picture of the underlying business growth.