Summary
L3Harris Technologies, Inc. (formerly Harris Corporation) filed a Form 8-K on October 29, 2013, to report on its first-quarter fiscal year 2014 financial results. The filing reiterates the company's previously issued guidance for both total revenue and income from continuing operations per diluted share for the full fiscal year 2014. This suggests that the company's performance in the first quarter was in line with expectations, and management remains confident in achieving its annual financial targets. The report also highlights the company's use of non-GAAP financial measures, specifically free cash flow, to provide investors with a clearer understanding of operating performance. Management believes these measures, when viewed alongside GAAP figures, offer valuable insights into underlying business trends and operational efficiency, aiding in the analysis of trends and performance.
Key Highlights
- 1Harris Corporation reported its first-quarter fiscal year 2014 financial results.
- 2The company reiterated its full fiscal year 2014 guidance for revenue.
- 3The company also reiterated its full fiscal year 2014 guidance for income from continuing operations per diluted share.
- 4The press release discussed non-GAAP financial measures, including free cash flow.
- 5Management uses non-GAAP measures to provide a clearer view of operating performance and trends.
- 6The information is furnished under Items 2.02 and 7.01 of Form 8-K and is not deemed "filed" under Section 18 of the Exchange Act.
- 7Exhibit 99.1, the press release detailing these results and guidance, is incorporated by reference.