Summary
This Form 8-K from Harris Corporation, filed on July 30, 2013, announces the company's financial results for its fourth quarter and full fiscal year 2013. The filing also provides guidance for fiscal year 2014, including expected income from continuing operations per diluted share and revenue projections. Investors should note that the company is presenting certain non-GAAP financial measures, such as adjusted income from continuing operations and free cash flow, to offer a clearer view of operational performance excluding specific charges related to restructuring and acquisitions. The detailed financial results and fiscal year 2014 guidance are included in an attached press release (Exhibit 99.1). While the company believes these non-GAAP measures provide valuable insights into performance trends and operational efficiency, investors are reminded to consider these alongside the company's GAAP-reported figures for a comprehensive understanding. This report serves as a key disclosure for investors tracking Harris Corporation's financial health and future outlook.
Key Highlights
- 1Harris Corporation reported its fourth quarter and full fiscal year 2013 financial results.
- 2The company provided guidance for fiscal year 2014, including projected income from continuing operations per diluted share and revenue.
- 3The filing utilizes non-GAAP financial measures to present results, excluding restructuring charges and acquisition-related costs for specific periods.
- 4Non-GAAP measures discussed include adjusted income from continuing operations, segment operating income/margin, and free cash flow.
- 5A press release (Exhibit 99.1) containing the detailed financial information and guidance is furnished with this report.
- 6The company emphasizes that non-GAAP measures should be considered in addition to, not as a substitute for, GAAP measures.