earnings
confidence high
sentiment positive
materiality 0.85
L3Harris Q2 beats: EPS $2.97 non-GAAP, revenue up 13% YoY; raises FY guidance, Aerojet to close July 28
L3HARRIS TECHNOLOGIES, INC. /DE/
2023-Q2 EPS reported
$3.60
revenue$9,164,000,000
- Q2 revenue grew 13% YoY (12% organic); orders $5.6B, up 17% YoY.
- Non-GAAP EPS $2.97, GAAP EPS $1.83; net income up 4% YoY.
- Cash from ops $414M; adjusted free cash flow $338M; returned $338M to shareholders YTD.
- Full-year revenue and GAAP/non-GAAP EPS guidance raised; $800M debt retired in Q2.
- Aerojet Rocketdyne acquisition expected to close July 28 after FTC clearance; HSR waiting period expired.