secwatch.observer — SEC 8-K summary
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Issuer:     L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK:        0000202058
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000202058-24-000166
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L3Harris Q3 revenue $5.3B (+8%), EPS $2.10; raises FY2024 guidance; ups cost savings target to $600M
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/202058/000020205824000166/0000202058-24-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/202058/000020205824000166/hrs-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000202058-24-000166

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer