What is the main takeaway from this 8-K filing?

The main takeaway is that while L3Harris Technologies reiterated its earnings per share guidance for fiscal year 2012, it lowered its revenue outlook for the same period, indicating potential challenges in top-line growth.

Why is the company discussing non-GAAP financial measures?

The company uses non-GAAP financial measures to present its performance by excluding certain acquisition-related costs. Management believes these measures offer a more accurate reflection of ongoing operational performance and trends, separate from the impact of these specific integration expenses.

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

The non-GAAP adjustments relate to costs associated with the acquisitions of CapRock Holdings, Inc. (and its subsidiaries), the Global Connectivity Services business of the Schlumberger group (Schlumberger GCS), the terrestrial network infrastructure assets of the government business of Core180, Inc. (Core180 Infrastructure), and Carefx Corporation.

Does this filing provide updated GAAP financial results?

This 8-K primarily furnishes a press release containing financial results for the second quarter of fiscal 2012. While it discusses both GAAP and non-GAAP measures, the emphasis and detail regarding specific adjustments are for the non-GAAP figures. Investors are encouraged to refer to the company's full financial statements for comprehensive GAAP information.

LHX 8-K: Earnings & Results & Regulation FD

Summary

L3Harris Technologies (formerly Harris Corporation) filed an 8-K on January 31, 2012, to report its financial results for the second quarter of fiscal year 2012. The company announced that it was reiterating its previous guidance for full-year fiscal 2012 net income per diluted share. However, it also lowered its revenue guidance for the full fiscal year 2012. This filing also provided details on the company's use of non-GAAP financial measures, which excluded the impact of significant acquisition-related expenses from CapRock Holdings, Schlumberger GCS, Core180 Infrastructure, and Carefx. Management believes these non-GAAP measures offer a clearer view of underlying operational performance and trends, aiding investor analysis.

Key Highlights

1Harris Corporation reiterated its full-year fiscal 2012 net income per diluted share guidance.
2The company lowered its full-year fiscal 2012 revenue guidance.
3The 8-K includes financial results for the second quarter of fiscal 2012.
4The filing emphasizes the use of non-GAAP financial measures to present performance.
5Non-GAAP measures exclude costs associated with recent acquisitions (CapRock, Schlumberger GCS, Core180 Infrastructure, Carefx).
6Management believes non-GAAP measures provide useful insights into underlying operational trends.
7The information was furnished as part of a press release and is not deemed 'filed' under Section 18 of the Exchange Act.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jan 31, 2012)

Summary

Key Highlights

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