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

The main purpose of this 8-K filing is to officially report Harris Corporation's (now L3Harris Technologies) financial results for its third quarter of fiscal year 2011 and to provide updated guidance for the full fiscal years 2011 and 2012. It also disseminates information about the company's use of non-GAAP financial measures.

What are 'non-GAAP financial measures' and why is the company using them?

Non-GAAP financial measures are financial metrics that are not calculated according to Generally Accepted Accounting Principles (GAAP). In this filing, Harris Corporation is using them to exclude costs and expenses related to recent acquisitions, such as those from Tyco Electronics Wireless Systems and CapRock Communications. The company states that these measures help investors understand the underlying operational trends and performance of the business separately from the impacts of these acquisitions.

What specific guidance did the company reiterate or update?

The company reiterated its guidance for net income per diluted share for both fiscal year 2011 and fiscal year 2012. Additionally, it updated its guidance regarding expected revenue for these same fiscal years.

Where can I find the detailed financial results and guidance mentioned in the filing?

The detailed financial results, guidance, and the discussion of non-GAAP measures are provided in the press release that is furnished as Exhibit 99.1 to this 8-K filing. Investors should refer to this exhibit for the specific numbers and calculations.

LHX 8-K: Earnings & Results & Regulation FD

Summary

L3Harris Technologies, Inc. (LHX), then known as Harris Corporation, filed an 8-K on May 3, 2011, to report on its third-quarter fiscal year 2011 results. The filing primarily serves to disseminate a press release detailing the company's financial performance and updated forward-looking guidance. Investors should note that the company is providing non-GAAP financial measures, which exclude certain acquisition-related costs for multiple recent acquisitions, including those from Tyco Electronics Wireless Systems, CapRock Communications, and others. This approach aims to offer a clearer view of underlying operational trends and performance apart from the immediate impacts of these significant corporate actions. The key takeaway for investors from this filing is the reiteration and update of the company's earnings per diluted share (EPS) guidance for fiscal years 2011 and 2012, along with revised revenue expectations for the same periods. While the specifics of the financial figures are within the furnished press release (Exhibit 99.1), the emphasis on non-GAAP measures suggests management's focus on illustrating the core business's performance trajectory, making it crucial for investors to review both the GAAP and non-GAAP figures for a comprehensive understanding.

Key Highlights

1Harris Corporation (LHX) reported Q3 FY2011 results via an 8-K filing on May 3, 2011.
2The company reiterated its guidance for fiscal year 2011 and 2012 net income per diluted share.
3Revenue guidance for fiscal years 2011 and 2012 was updated.
4The filing includes non-GAAP financial measures that exclude costs associated with several recent acquisitions.
5Acquisitions mentioned include Tyco Electronics Wireless Systems, CapRock Communications, and others.
6Management believes non-GAAP measures provide useful insights into operating results separate from acquisition impacts.
7A press release (Exhibit 99.1) containing detailed financial information and guidance is furnished with the report.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (May 3, 2011)

Summary

Key Highlights

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