8-KEarnings & ResultsRegulation FDExhibits & Filings

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Oct 29, 2008)

Filed October 29, 2008For Securities:LHX

Summary

L3Harris Technologies (formerly Harris Corporation) filed an 8-K on October 29, 2008, to report its first quarter fiscal year 2009 financial results and to reconfirm its full-year fiscal 2009 guidance. The filing highlights the company's financial performance and strategic outlook, emphasizing operational results separate from the impact of acquisitions and integration costs. Investors should note the company's use of non-GAAP financial measures, which exclude costs related to the acquisitions of Multimax Incorporated and Zandar Technologies plc, as well as integration costs from the combination of its Microwave Communications business and Stratex Networks, Inc. Management believes these non-GAAP measures offer a clearer view of ongoing operational trends and performance, aiding in trend analysis and strategic planning.

Key Highlights

  • 1Harris Corporation announced its first quarter fiscal year 2009 results.
  • 2The company reconfirmed its previously issued guidance for the full fiscal year 2009.
  • 3The filing details the use of non-GAAP financial measures to present performance.
  • 4Non-GAAP measures exclude costs associated with acquisitions of Multimax and Zandar Technologies.
  • 5Integration costs from the Microwave Communications and Stratex Networks combination are also excluded from non-GAAP figures.
  • 6Management utilizes these non-GAAP measures to provide investors with insights into underlying business trends and performance.
  • 7The press release, containing detailed financial information and reconciliations, is included as Exhibit 99.1.

Frequently Asked Questions

This 8-K filing serves to announce Harris Corporation's financial results for the first quarter of fiscal year 2009 and to reaffirm the company's earnings guidance for the full fiscal year 2009.

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

Harris Corporation uses non-GAAP financial measures because management believes they provide a more useful view of the company's operating results, separate from items that may have a disproportionate impact on any given period. These measures are intended to enhance investors' ability to analyze business trends and understand the company's performance.

The detailed financial information, including the press release and related financial tables with the reconciliation of non-GAAP to GAAP measures, is furnished as Exhibit 99.1 to this Current Report on Form 8-K.