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

The primary purpose of this 8-K filing is to publicly disclose Harris Corporation's (now L3Harris Technologies) financial results for its first quarter of fiscal year 2011 and to provide updated guidance for the full fiscal year 2011. It also includes the press release with these details.

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

Non-GAAP financial measures are financial metrics that exclude or include amounts different from the most directly comparable measure calculated under Generally Accepted Accounting Principles (GAAP). Harris Corporation is using them to provide investors with a clearer view of its operating performance and trends, separate from the impact of acquisition-related costs and other non-recurring items, thereby enhancing the ability to analyze performance over time.

Which acquisitions are impacting the reported financial results and guidance?

The filing mentions several acquisitions that are impacting the financial results and guidance. These include the Tyco Electronics Wireless Systems business (Wireless Systems), CapRock Communications (CapRock), Crucial Security, Inc. (Crucial), the Air Traffic Control business unit of SolaCom Technologies Inc. (SolaCom ATC), Patriot Technologies, LLC (Patriot), and SignaCert, Inc. (SignaCert).

Where can I find the detailed financial information and the reconciliation of GAAP to non-GAAP measures?

The detailed financial information, including the press release and related financial tables, is provided as Exhibit 99.1 to this 8-K filing. Investors should refer to Exhibit 99.1 for a full presentation of results and the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures.

LHX 8-K: Earnings & Results & Regulation FD

Summary

This 8-K filing from L3Harris Technologies (formerly Harris Corporation) on October 25, 2010, primarily serves to furnish a press release detailing the company's first-quarter fiscal year 2011 results and updated financial guidance. The report highlights the company's financial performance for the quarter and revises expectations for full-year net income per diluted share and revenue. Investors should note that the company is presenting certain non-GAAP financial measures to offer a clearer view of operational trends, excluding the impact of several significant acquisitions made during the reporting period. Key takeaways include the company's updated outlook for the fiscal year 2011, which provides forward-looking guidance on crucial profitability and revenue metrics. The inclusion of non-GAAP measures, such as adjusted net income and organic revenue growth, aims to provide a more consistent view of underlying business performance, particularly in light of recent M&A activity. Investors are encouraged to review the full press release (Exhibit 99.1) for detailed financial tables and reconciliations between GAAP and non-GAAP figures.

Key Highlights

1Harris Corporation (now L3Harris Technologies) announced its first-quarter fiscal year 2011 results.
2The company provided updated guidance for fiscal year 2011, including expected net income per diluted share and revenue.
3The filing includes a press release (Exhibit 99.1) with detailed financial information, furnished under Item 2.02 and 7.01.
4Non-GAAP financial measures are presented to provide insight into operational performance, excluding acquisition-related costs.
5Several acquisitions, including Wireless Systems, CapRock Communications, Crucial Security, SolaCom ATC, Patriot Technologies, and SignaCert, are mentioned as impacting the financial results and guidance.
6Organic revenue growth for Q1 FY11 is provided, adjusted for the impact of specific acquisitions (CapRock, Patriot, SignaCert).
7The company emphasizes that non-GAAP measures should be viewed in conjunction with, not as a substitute for, GAAP measures.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Oct 25, 2010)

Summary

Key Highlights

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