earnings
confidence high
sentiment positive
materiality 0.75
L3Harris Q4 revenue $5.5B, non-GAAP EPS $3.47; initiates 2025 guidance
L3HARRIS TECHNOLOGIES, INC. /DE/
2024-FY EPS reported
$7.87
revenue$21,325,000,000
- Q4 2024 revenue $5.5B (+3%), non-GAAP EPS $3.47; FY24 revenue $21.3B (+10%), non-GAAP EPS $13.10.
- 2024 orders $24.2B, book-to-bill 1.14x; record backlog $34B.
- Q4 operating margin 10.3%, FY 9.0%; adjusted segment margin 15.3% (Q4) and 15.4% (FY).
- LHX NeXt cost savings $800M in 2024; target raised to $1.2B by end 2025.
- Adjusted free cash flow $2.3B in 2024; management confident in 2026 framework.