earnings
confidence high
sentiment positive
materiality 0.85
L3Harris Q3 revenue $5.3B (+8%), EPS $2.10; raises FY2024 guidance; ups cost savings target to $600M
L3HARRIS TECHNOLOGIES, INC. /DE/
2024-Q3 EPS reported
$5.50
revenue$15,802,000,000
- Revenue $5.3B (+8% YoY); diluted EPS $2.10 (+4%); non-GAAP EPS $3.34 (+5%).
- Orders $7.2B, book-to-bill 1.4x; adjusted segment operating margin 15.7%.
- FY2024 revenue guidance raised to $21.1-21.3B; non-GAAP EPS guidance $12.95-13.15.
- LHX NeXt cost savings target for 2024 increased to at least $600M (from $400M).
- Expects to reach $1B cost savings target a year early; 2026 segment operating margins at least 16%.