Summary
L3Harris Technologies, Inc. (LHX) filed a Current Report (8-K) on July 31, 2018, primarily to disclose financial results for its fourth quarter and full fiscal year 2018, along with guidance for fiscal year 2019. The report includes a press release detailing these financial outcomes and forward-looking statements. A key aspect of this filing is the extensive use of non-GAAP financial measures to provide a clearer view of operational performance, excluding items such as debt refinancing costs, facility consolidation charges, tax reform impacts, and exit costs from commercial business lines. Investors should note that these non-GAAP figures are presented alongside GAAP measures and are intended to enhance understanding of underlying business trends and performance. The company provided guidance for fiscal year 2019, projecting expected revenue, earnings per diluted share from continuing operations, and free cash flow. This forward-looking information is crucial for investors assessing the company's future prospects. The report also explicitly states that the information furnished, including Exhibit 99.1, is not deemed "filed" under Section 18 of the Exchange Act, meaning it does not carry the same liability as filed information, and will not be incorporated by reference into future SEC filings unless expressly stated.
Key Highlights
- 1Disclosure of Q4 and Full Year Fiscal 2018 financial results.
- 2Provision of fiscal year 2019 guidance for revenue, EPS from continuing operations, and free cash flow.
- 3Extensive use of non-GAAP financial measures to present operational performance, excluding specific one-time or non-cash items.
- 4Explanation of the rationale behind using non-GAAP measures to aid investor understanding of trends and performance.
- 5Inclusion of a press release (Exhibit 99.1) with detailed financial tables and commentary.
- 6Clarification that the furnished information is not considered "filed" under Section 18 of the Exchange Act.