What specific costs are being excluded in the non-GAAP financial measures?

The non-GAAP financial measures exclude costs and expenses related to the acquisitions of Multimax Incorporated and Zandar Technologies plc, as well as costs associated with the combination of Harris's former Microwave Communications business and Stratex Networks, Inc.

Why is Harris providing non-GAAP financial measures?

Harris management believes these non-GAAP measures help investors understand the company's operating results and business trends by separating them from costs incurred due to acquisitions and business combinations, which can disproportionately impact reported results in a given period. They are intended to enhance the ability to analyze trends and performance.

Are the non-GAAP results official or should investors focus on GAAP results?

The non-GAAP results are provided as supplemental information. Harris strongly advises investors to view these non-GAAP measures in addition to, and not in lieu of, the most directly comparable GAAP financial measures. The company includes reconciliations to GAAP figures in its press release.

LHX 8-K: Earnings & Results & Regulation FD

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

The main purpose of this 8-K filing is to report Harris Corporation's preliminary financial results for its fourth quarter and full fiscal year 2008, as announced in a press release on July 30, 2008. It also informs investors about the use of non-GAAP financial measures in this disclosure.

Summary

L3Harris Technologies (LHX) filed a Current Report on Form 8-K on July 30, 2008, to disclose preliminary financial results for its fourth quarter and full fiscal year 2008, as announced in a press release issued the previous day. This filing is primarily informational, referencing an attached press release (Exhibit 99.1) which contains the detailed results. Investors should note that the company is presenting non-GAAP financial measures, specifically excluding costs related to recent acquisitions (Multimax Incorporated and Zandar Technologies plc) and a business combination. While the company believes these non-GAAP figures offer useful insights into underlying business trends by isolating the impact of these significant corporate actions, they should be considered alongside, and not as a substitute for, GAAP-reported results. The filing serves as a notification to investors about these preliminary results and the financial reporting approach taken.

Key Highlights

1Harris Corporation (LHX) announced preliminary financial results for its fiscal year 2008 fourth quarter and full year.
2The disclosure was made via a press release furnished as Exhibit 99.1 to the 8-K filing.
3The company is providing non-GAAP financial measures to offer a clearer view of operational performance.
4These non-GAAP measures exclude specific costs associated with the acquisitions of Multimax Incorporated and Zandar Technologies plc.
5Costs related to the combination of Harris's Microwave Communications business and Stratex Networks, Inc. are also excluded from non-GAAP calculations.
6Harris emphasizes that non-GAAP measures should be viewed in conjunction with, not as a replacement for, GAAP-based financial results.
7The filing serves as a Regulation FD disclosure to ensure broad dissemination of this preliminary financial information.

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

Summary

Key Highlights

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