Summary
This Form 8-K filing from L3Harris Technologies (formerly Harris Corporation) on May 5, 2015, primarily serves to announce the company's financial results for the third quarter of fiscal year 2015. The filing reiterates the company's previously issued guidance for fiscal year 2015, providing investors with an update on operational performance and future expectations. A key aspect of this report is the inclusion of non-GAAP financial measures, such as adjusted income from continuing operations and free cash flow. The company emphasizes that these measures, when viewed alongside GAAP figures, offer a clearer perspective on underlying business trends and performance, excluding one-time items like acquisition-related costs and capital expenditures.
Key Highlights
- 1Harris Corporation reported its third quarter fiscal year 2015 financial results.
- 2The company reaffirmed its previously issued guidance for fiscal year 2015 income per diluted share and revenue.
- 3The filing includes non-GAAP financial measures, such as income from continuing operations excluding acquisition-related costs.
- 4Free cash flow for Q3 fiscal 2015 and Q3 fiscal 2014 is presented, excluding capital expenditures.
- 5Guidance for fiscal year 2015 income per diluted share excludes impacts from the pending acquisition of Exelis Inc.
- 6The information is furnished and not deemed 'filed' for Section 18 purposes.