earnings
confidence high
sentiment positive
materiality 0.75
L3Harris Q3 EPS $2.02 ($3.19 non-GAAP); backlog jumps 49% to $32B
L3HARRIS TECHNOLOGIES, INC. /DE/
2023-Q3 EPS reported
$5.61
revenue$14,079,000,000
- GAAP EPS $2.02; non-GAAP EPS $3.19; cash from ops $543M; adj FCF $635M.
- Backlog grew 49% to $32B; YTD funded book-to-bill 1.17x; Q3 orders $5.0B.
- IMS segment operating margin expanded 180 bps to 11.9% sequentially.
- Aerojet Rocketdyne acquisition closed July 28; integration underway.
- Cites strong demand amid geopolitical tensions but notes Continuing Resolution risk.