Summary
This 8-K filing from L3Harris Technologies (formerly Harris Corporation) dated March 16, 2011, primarily concerns the dissemination of financial guidance and strategic information through a press release, furnished under Regulation FD. The company provided initial earnings per share (EPS) and revenue guidance for fiscal year 2012, as well as updated guidance for fiscal year 2011. This guidance is presented on both a GAAP and a non-GAAP basis, with the non-GAAP figures specifically excluding costs and expenses related to several pending and recent acquisitions. Investors should pay close attention to the distinction between GAAP and non-GAAP measures, as Harris management believes these non-GAAP figures offer a clearer view of underlying operational trends by removing acquisition-related impacts. The filing also announces details for an upcoming webcast and teleconference where the company's business strategy and financial summary, including a deeper dive into the fiscal 2012 guidance, will be discussed. This proactive communication aims to provide stakeholders with forward-looking insights into the company's performance trajectory.
Key Highlights
- 1Harris Corporation (now L3Harris Technologies) issued initial fiscal year 2012 EPS and revenue guidance.
- 2Updated fiscal year 2011 EPS and revenue guidance was provided, reflecting pending acquisitions.
- 3Guidance is presented on both GAAP and non-GAAP financial measures.
- 4Non-GAAP guidance excludes specific costs associated with multiple acquisitions, including Schlumberger GCS, Carefx, CapRock Communications, and Corel80's government business assets.
- 5The company believes non-GAAP measures offer a better understanding of operational trends by isolating acquisition-related impacts.
- 6Details for an upcoming webcast and teleconference were provided to discuss business strategy and financial summary.
- 7Information is furnished under Regulation FD and is not deemed 'filed' for Section 18 liability purposes.