earnings
confidence high
sentiment positive
materiality 0.75
L3Harris Q1 revenue $5.2B (+17% YoY); raises 2024 EPS & margin guidance
L3HARRIS TECHNOLOGIES, INC. /DE/
2024-Q1 EPS reported
$1.48
revenue$5,211,000,000
- GAAP EPS $1.48; Non-GAAP EPS $3.06; revenue $5.2B up 17% total, 5% organic.
- Orders $5.5B, book-to-bill 1.06x.
- Adjusted segment operating margin 15.1%; 2024 guidance raised from ~15% to >15%.
- Non-GAAP EPS guidance raised to $12.70-$13.05 from $12.40-$12.80.
- All four segments delivered higher operating margin YoY.