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

The primary purpose of this 8-K filing is to announce Harris Corporation's financial results for the first quarter of fiscal year 2010 and to provide updated financial guidance for the entire fiscal year 2010. It also informs investors about the use of non-GAAP financial measures.

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

Non-GAAP financial measures are financial metrics that exclude or include certain amounts from their most directly comparable GAAP (Generally Accepted Accounting Principles) measures. Harris Corporation is using them to present a view of its operating results and trends that excludes the impact of specific costs related to recent acquisitions. Management believes this provides investors with a more useful understanding of period-over-period performance, separate from acquisition-related impacts.

What specific acquisitions are mentioned in relation to the non-GAAP adjustments?

The non-GAAP financial measures presented exclude costs associated with the acquisitions of the Tyco Electronics Wireless Systems business, Crucial Security, Inc., and the Air Traffic Control business unit of SolaCom Technologies Inc.

Where can I find the detailed financial information?

The detailed financial information, including the press release and related financial tables that discuss both GAAP and non-GAAP measures, is furnished as Exhibit 99.1 to this 8-K filing.

LHX 8-K: Earnings & Results & Regulation FD

Summary

This 8-K filing by L3Harris Technologies, Inc. (formerly Harris Corporation) on October 27, 2009, announced the company's financial results for its first quarter of fiscal year 2010 and provided updated guidance for the full fiscal year 2010. The report highlights the company's performance while also detailing the use of non-GAAP financial measures to offer a clearer view of operational trends, excluding specific acquisition-related costs. Investors should note that the company is presenting both GAAP and non-GAAP financial metrics. The non-GAAP measures are intended to provide additional insights into the company's core operational performance by stripping out the impact of certain expenses related to the acquisitions of Tyco Electronics Wireless Systems, Crucial Security, Inc., and SolaCom Technologies' Air Traffic Control business unit. This approach aims to enhance comparability and understanding of business trends over time.

Key Highlights

1Harris Corporation reported its first quarter fiscal 2010 results of operations and financial condition.
2The company provided updated guidance for its full fiscal year 2010 earnings and revenue expectations.
3The filing includes a discussion and reconciliation of non-GAAP financial measures, alongside GAAP results.
4Non-GAAP measures exclude costs associated with recent acquisitions: Tyco Electronics Wireless Systems, Crucial Security, Inc., and SolaCom Technologies' Air Traffic Control business unit.
5Management utilizes these non-GAAP measures to provide a clearer view of operating results and business trends, excluding disproportionate impacts from acquisition-related charges.
6The information is furnished as part of a press release (Exhibit 99.1) dated October 27, 2009.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Oct 27, 2009)

Summary

Key Highlights

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