Summary
L3Harris Technologies (LHX) filed an 8-K on October 30, 2019, to report its third-quarter 2019 financial results and provide updated guidance for the second half and full calendar year 2019. The filing highlights operational and financial performance, including key metrics like revenue, earnings per diluted share, and cash flow. Investors should note that the company utilizes non-GAAP financial measures, which exclude certain deal and integration costs, amortization expenses, and gains/losses from specific business events. The company believes these non-GAAP measures offer a clearer view of underlying business trends and performance, complementing the standard GAAP reporting.
Key Highlights
- 1L3Harris reported its Q3 2019 results and provided updated guidance for H2 and full-year 2019.
- 2The report includes specific details on revenue, earnings per diluted share (EPS), and cash flow.
- 3The company emphasizes the use of non-GAAP financial measures to present performance, excluding deal and integration costs, amortization, and gains/losses from business divested.
- 4Management believes these non-GAAP measures aid investors in understanding operational trends and performance separate from one-time impacts.
- 5The filing specifically mentions adjustments for L3Harris deal and integration costs, and the gain on the sale of Harris' Night Vision business.
- 6Guidance updates cover revenue, EPS from continuing operations, and cash flow expectations for the remainder of 2019.
- 7The information furnished is for informational purposes and is not considered 'filed' under Section 18 of the Exchange Act.