L3Harris Technologies, Inc. (NYSE:LHX) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Daniel Gittsovich - VP, IR Christopher E. Kubasik - Chair and CEO Kenneth L. Bedingfield - SVP and CFO Conference Call Participants Peter Arment - Robert W. Baird Seth Seifman - J.P. Morgan Robert Stallard - Vertical Research Ronald Epstein - Bank of America Kristine Liwag - Morgan Stanley Myles Walton - Wolfe Research David Strauss - Barclays Bank Sheila Kahyaoglu - Jefferies Michael Ciarmo ...

Commission File Number 1-3863 | --- | --- | --- | |-----------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------| | Securities \nTitle of each class | Registrant's telephone number, including area code: (321) \n registered pursuant to Section 12(b) of \nTrading Symbol(s) | 727-9100 \n the Act: \nName ...

SYSTEMS $1,715 $1,707 2Q23 2Q24 2Q24 ($ millions) 2Q24 DRIVERS L3HARRIS 2024 Second Quarter Earnings Presentation 8 $1,289 $1,346 2Q23 2Q24 | --- | --- | |----------------------------------------------------|----------------------------------------| | | | | Revenue: increased 4% + Tactical Communications | Margin: decreased 80 basis points | | + Broadband Communications | + LHX NeXt | | | + Favorable adjustment | | | related to legal settlements | | | - Domestic tactical mix | | | - Timing of software sales ...

Here is how L3Harris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for L3Harris here>>> The reported revenue compares to the Zacks Consensus Estimate of $5.3 billion, representing a surprise of -0.09%. The company delivered an EPS surprise of +1.89%, with the consensus EPS estimate being $3.18. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. What's Next for L3Harris? This quarterly report represents an earnings surprise of 1.89%. A quarter ago, it was expected that this technology and communications company would post earnings of $2.89 per share when it actually produced earnings of $3.06, delivering a surprise of 5.88%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will ...

Non-GAAP Financial Measures Investor Relations Contact: Daniel Gittsovich, 321-724-3170 investorrelations@l3harris.com 1 2 PAGE 11 Table 5 - Operating Income and Margin and Adjusted Segment Operating Income and Margin (Unaudited) 1 2 PAGE 12 Table 6 - Effective Tax Rate on Non-GAAP Income Quarter Ended June 28, 2024 June 30, 2023 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------- ...

L3Harris has a four-quarter average earnings surprise of 3.09%. The strong top-line performance across most of the company's business segments, along with positive synergies from the Aerojet Rocketdyne purchase, is likely to have boosted its earnings amid the adverse effects of high interest expenses. The Zacks Consensus Estimate for IMS' second-quarter revenues is currently pegged at $1,664.4 million, which indicates a decline of 4.1% from the year-ago quarter's reported figure. Higher sales volume from th ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? L3Harris (LHX) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider. When looking at the last two reports, this technology and communications company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.55%, on average, in the last two quarters. For the last re ...

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Launches Fisica, Kanders' New Defense Technology Platform PALM BEACH, Fla., June 3, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today the completion of its previously announced acquisition of certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million. The acquired ATI, Datron and Randtron businesses will operate under Fisica, Inc. ("Fisica"), Kanders' defense technology platform, and manufacture airborne an ...