Summary
L3Harris Technologies, Inc. (LHX) filed an 8-K on July 31, 2020, primarily to disclose its second quarter and year-to-date 2020 financial results and provide an updated full-year 2020 guidance. The report includes information on revenue, margins, earnings per diluted share, and cash flow. Investors are alerted that the disclosed financial information, including non-GAAP measures, is furnished and not filed with the SEC, meaning it is not subject to certain liabilities under Section 18 of the Exchange Act and should not be automatically incorporated into future SEC filings unless specifically referenced. The company emphasizes its use of non-GAAP financial measures, such as adjusted EBIT and adjusted free cash flow, to offer investors a clearer view of underlying business trends and operational performance, separate from items that may cause short-term fluctuations. These measures are presented alongside GAAP figures and are used internally for forecasting and compensation. The filing also references pro forma financial measures for the prior year as previously disclosed.
Key Highlights
- 1Disclosure of Q2 2020 and year-to-date financial results and updated full-year 2020 guidance.
- 2Information includes revenue, margin, earnings per diluted share, and cash flow.
- 3The report utilizes non-GAAP financial measures (e.g., adjusted EBIT, adjusted free cash flow) for enhanced analysis of business trends.
- 4Non-GAAP measures are presented to provide a clearer view of operational performance, separate from specific charges or gains.
- 5The disclosed information is furnished under Items 2.02 and 7.01, not deemed 'filed' under Section 18 of the Exchange Act.
- 6Information furnished is not automatically incorporated by reference into future SEC filings.
- 7Reference to pro forma financial measures for the prior year, consistent with previous filings.