Summary
This L3Harris Technologies (LHX) 8-K filing from August 1, 2017, primarily announces the company's financial results for its fourth quarter and full fiscal year 2017, ending on June 30, 2017. The report also provides initial guidance for fiscal year 2018, including expected income per diluted share, revenue, and free cash flow. Investors should note the company's use of non-GAAP financial measures to present a clearer view of operational performance, excluding items like acquisition-related costs and pension contributions.
Key Highlights
- 1Harris Corporation reported its Q4 FY17 and Full Year FY17 financial results.
- 2Provided initial guidance for key metrics in Fiscal Year 2018, including EPS, revenue, and free cash flow.
- 3The company emphasized the use of non-GAAP financial measures, adjusting for acquisition-related items and other factors, to offer a more comparable view of operational performance.
- 4Free cash flow and income from continuing operations were highlighted as key non-GAAP metrics for performance analysis.
- 5Organic revenue for FY16 was presented, excluding the Aerostructures business divested in Q4 FY16.
- 6The report includes a reconciliation of non-GAAP measures to their most directly comparable GAAP measures.
- 7Information furnished under Item 2.02 and 7.01 is not considered 'filed' for Section 18 liability purposes.