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

The main purpose of this 8-K filing is to publicly announce Harris Corporation's financial results for its fourth quarter and full fiscal year 2012 and to reiterate its financial guidance for fiscal year 2013. It also provides context on how the company is using non-GAAP financial measures.

What acquisitions are impacting the reported financial results?

The non-GAAP financial measures presented in the filing exclude certain costs associated with the acquisitions of CapRock Holdings, Inc., 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.

Why does Harris Corporation use non-GAAP financial measures?

Harris Corporation uses non-GAAP financial measures to provide investors with additional insights into the company's operating performance and trends, separate from the impact of specific acquisition-related costs. Management believes these measures enhance the ability to analyze period-over-period results and understand underlying business performance.

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

The detailed financial information and the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures are available in the press release furnished as Exhibit 99.1 to this Form 8-K filing.

LHX 8-K: Earnings & Results & Regulation FD

Summary

This Form 8-K filing from Harris Corporation (now L3Harris Technologies, Inc.) reports on the company's financial results for its fourth quarter and full fiscal year 2012, ending June 30, 2012. The key takeaway for investors is the announcement of these results alongside a reiteration of previous guidance for fiscal year 2013, indicating management's confidence in future performance. The filing highlights the use of non-GAAP financial measures, which exclude certain acquisition-related costs for the recently acquired businesses: CapRock Holdings, Schlumberger GCS, Core180 Infrastructure, and Carefx. While these adjustments provide a clearer view of operational performance, investors should always consider these alongside the GAAP-reported figures. The company emphasizes that these non-GAAP measures are intended to enhance understanding of operating trends and performance.

Key Highlights

1Harris Corporation announced its fourth quarter and full fiscal year 2012 financial results.
2The company reiterated its previously issued guidance range for expected income from continuing operations per diluted share for fiscal year 2013.
3Harris also reiterated its previous guidance range for expected revenue for fiscal year 2013.
4The filing details the use of non-GAAP financial measures, excluding costs associated with recent acquisitions (CapRock, Schlumberger GCS, Core180 Infrastructure, Carefx).
5These non-GAAP measures are presented to provide a clearer view of operating performance and trends.
6Free cash flow for fiscal years 2011 and 2012, excluding capital expenditures, is also discussed as a non-GAAP measure.
7The press release containing these details was furnished as Exhibit 99.1.

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

Summary

Key Highlights

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