Summary
L3Harris Technologies, Inc. (LHX) filed a Form 8-K on October 29, 2021, to announce its third-quarter 2021 financial results and provide an updated outlook for the full fiscal year 2021. The report details key financial metrics, including revenue, margins, earnings per share (EPS), and cash flow, with a significant focus on non-GAAP measures. Management utilizes these non-GAAP figures to offer a clearer view of operational performance, excluding items that may cause volatility in GAAP reporting. Investors should note that this filing is furnished, not filed, and is intended to supplement information provided in the accompanying press release (Exhibit 99.1). The company emphasizes that non-GAAP measures are a valuable tool for understanding business trends and performance, but should be considered alongside, and not as a replacement for, GAAP-reported figures. The press release also contains forward-looking statements and updated guidance for the full year.
Key Highlights
- 1L3Harris Technologies announced its Q3 2021 financial results and provided updated full-year 2021 guidance.
- 2The company utilizes non-GAAP financial measures (including Adjusted EPS, Adjusted EBIT, and Adjusted Free Cash Flow) to present operational performance.
- 3Non-GAAP measures are provided to offer investors enhanced insight into business trends and performance, separate from potentially volatile GAAP items.
- 4The filing includes reconciliations for non-GAAP measures for historical periods but not for forward-looking guidance due to inherent forecasting difficulties.
- 5Key financial metrics discussed include revenue, margin, earnings per diluted share, and cash flow.
- 6The information is furnished under Items 2.02 and 7.01 of Form 8-K and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- 7Exhibit 99.1, containing the full press release and financial tables, is incorporated by reference.