earnings
confidence high
sentiment neutral
materiality 0.75
L3Harris Q4 revenue $5.34B, non-GAAP EPS $3.35; guides FY24 EPS $12.40-$12.80
L3HARRIS TECHNOLOGIES, INC. /DE/
2023-FY EPS reported
$6.44
revenue$19,419,000,000
- Q4 revenue $5.34B (+17% YoY); non-GAAP EPS $3.35 (+2% YoY). Q4 segment operating margin 15.1%.
- FY23 revenue $19.42B (+14%); non-GAAP EPS $12.36 (-4% YoY). FY23 segment operating margin 14.8%.
- FY23 orders $22.8B, book-to-bill 1.18x; record backlog of $33B.
- 2024 guidance: revenue $20.7-21.3B, segment margin ~15%, non-GAAP EPS $12.40-$12.80, FCF ~$2.2B.
- Q4 GAAP EPS $0.83 reflects goodwill impairment for pending business sale; non-GAAP adjustments exclude impairment.