What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report L3Harris Technologies' (then Harris Corporation) financial results for its first quarter of fiscal year 2018 and to reiterate the company's financial guidance for the full fiscal year 2018.

What are the key financial metrics discussed in the filing?

The filing discusses results for revenue, operating income, operating margin, diluted earnings per share from continuing operations, and free cash flow. It also highlights the company's reiteration of its guidance ranges for these metrics for fiscal year 2018.

Why does the company use non-GAAP financial measures?

L3Harris uses non-GAAP financial measures (such as operating income, EPS, and free cash flow excluding certain items) because management believes they provide useful information to investors for understanding period-over-period operating results, analyzing business trends, and assessing performance separate from items that may have a disproportionate impact in a given period. These measures are presented in addition to, not as a substitute for, GAAP measures.

Where can I find the detailed financial information related to this report?

The detailed financial information, including the press release and financial tables for the first quarter of fiscal 2018, is provided as Exhibit 99.1, which is furnished with this 8-K filing.

LHX 8-K: Earnings & Results & Regulation FD

Summary

L3Harris Technologies, Inc. (LHX) filed an 8-K on October 31, 2017, to report its first-quarter fiscal year 2018 results and reiterate its full-year guidance. The filing highlights the company's financial performance for the quarter and reaffirms its outlook for revenue, diluted earnings per share from continuing operations, and free cash flow for the fiscal year 2018. Investors should note that the company utilizes and discusses non-GAAP financial measures, which exclude certain items like acquisition-related charges and net capital expenditures, to provide a clearer view of operational performance and trends. These non-GAAP measures are presented alongside their GAAP equivalents to offer a comprehensive understanding of the company's financial health and strategic direction. This report signals a period of continued focus on operational efficiency and strategic financial management for L3Harris. The reiteration of guidance suggests management's confidence in achieving its projected financial targets despite potential market fluctuations. Investors are encouraged to review the detailed financial tables within the accompanying press release (Exhibit 99.1) for a thorough analysis of the reported figures and the reconciliation of non-GAAP measures to GAAP.

Key Highlights

1Harris Corporation (now L3Harris Technologies) reported its first-quarter fiscal 2018 results.
2The company reiterated its full-year fiscal 2018 guidance for revenue, diluted EPS from continuing operations, and free cash flow.
3The filing was made on October 31, 2017, covering the quarter ending around that time.
4Non-GAAP financial measures are presented, including operating income, operating margin, and EPS excluding acquisition-related charges.
5Free cash flow is also discussed on a non-GAAP basis, excluding net capital expenditures.
6The company emphasizes that non-GAAP measures should be considered in addition to, not as a substitute for, GAAP measures.
7The full press release and financial tables are provided as Exhibit 99.1.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Oct 31, 2017)

Summary

Key Highlights

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