Summary
L3Harris Technologies (LHX) filed a Current Report (8-K) on May 3, 2017, to disclose its financial results for the third quarter of fiscal year 2017 and to provide updated guidance for the full fiscal year. The filing includes a press release detailing operational and financial performance, emphasizing both Generally Accepted Accounting Principles (GAAP) and non-GAAP measures. Investors are provided with information to assess the company's performance beyond standard GAAP reporting, with a focus on metrics that management believes offer greater insight into operational trends and historical performance separate from specific charges or divestitures.
Key Highlights
- 1Harris Corporation announced its third quarter fiscal year 2017 results on May 3, 2017.
- 2The company updated its full fiscal year 2017 guidance for net income per diluted share (GAAP and non-GAAP) and revenue.
- 3The filing specifically references non-GAAP financial measures including adjusted income from continuing operations, free cash flow, and organic revenue growth.
- 4These non-GAAP measures exclude items such as Exelis acquisition-related charges and revenue from the divested Aerostructures business.
- 5Management believes these non-GAAP metrics enhance investors' ability to analyze business trends and understand performance.
- 6A reconciliation of non-GAAP measures to their most directly comparable GAAP measures is provided in the press release.
- 7Exhibit 99.1, the full press release, is furnished as part of this report.