Summary
L3Harris Technologies, Inc. (formerly Harris Corporation) filed an 8-K on October 26, 2011, to report on its first quarter fiscal year 2012 financial results and provide guidance. The report highlights the company's financial performance and reiterates its outlook for the full fiscal year 2012, including expected net income per diluted share and revenue. Investors should note that the company utilizes non-GAAP financial measures, which exclude certain acquisition-related costs, to provide a clearer view of ongoing operational performance and trends. These non-GAAP measures, alongside GAAP results, are intended to offer a more comprehensive understanding of the business. The company's primary focus in this filing is on its operating results and financial condition for the first quarter of fiscal 2012. The press release, furnished as an exhibit, details these results and provides management's perspective on the company's performance, particularly in segments like Integrated Network Solutions. The reiteration of fiscal year guidance suggests management's confidence in achieving its projected financial targets, despite the inclusion of certain acquisition-related expenses in their reported figures.
Key Highlights
- 1Harris Corporation reported its first quarter fiscal year 2012 financial results on October 26, 2011.
- 2The company reiterated its full fiscal year 2012 guidance for net income per diluted share and revenue.
- 3The filing includes a press release (Exhibit 99.1) detailing the results of operations and financial condition.
- 4Harris utilizes non-GAAP financial measures to provide a clearer view of operational performance, excluding acquisition-related costs.
- 5These non-GAAP measures are presented alongside GAAP results to enhance investor understanding of trends and performance.
- 6Specific mention is made of operating income for the Integrated Network Solutions segment when discussing performance.
- 7The report indicates a focus on growth within segments, adjusted for recent acquisitions.