L3Harris Technologies Inc

LHX

Equity

ISIN US5024311095 / Valor 47478364

New York Stock Exchange, Inc (2024-12-24)

USD 213.32+0.14%

L3Harris Technologies Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

L3Harris Technologies Inc, led by Chair and CEO Chris Kubasik, is a key player in the defense industry, providing end-to-end technology solutions to meet customers' mission-critical needs in the space, air, land, sea, and cyber domains for national security purposes. With a workforce of 50,000 employees, the company focuses on delivering innovative solutions that connect various domains to ensure the safety and security of the nation. Kubasik, with over 30 years of experience in the Aerospace and Defense industry, has been instrumental in leading the company since its merger with Harris Corporation in 2019, showcasing a strong commitment to driving growth and success in the defense sector.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

In the third quarter of 2023, L3Harris Technologies Inc reported a 16% increase in revenue compared to the same quarter in the previous year. This growth was driven by strong demand across its various business segments, particularly in the Communication Systems and Space & Airborne Systems divisions.

Order Backlog

L3Harris Technologies Inc's order backlog reached $32 billion by the end of the third quarter of 2023. The company received $5.0 billion in orders during the quarter, resulting in a year-to-date funded book-to-bill ratio of 1.17x, indicating robust demand for its products and services.

Earnings Per Share

For the third quarter of 2023, L3Harris Technologies Inc reported earnings per share (EPS) of $2.02, with a non-GAAP EPS of $3.19. This reflects an increase in profitability, supported by revenue growth and operational efficiencies.

Cash Flow and Dividends

L3Harris Technologies Inc generated $543 million in cash from operations and $635 million in adjusted free cash flow during the third quarter of 2023. The company also paid $216 million in dividends, demonstrating its commitment to returning value to shareholders.

Outlook and Guidance

L3Harris Technologies Inc has increased and narrowed its revenue guidance for the full year 2023 to a range of $19.2 billion to $19.4 billion. The company also reiterated its adjusted free cash flow guidance of $2.0 billion or more, reflecting confidence in its ongoing operational performance and strategic initiatives.

Summarized from source with an LLMView Source

Key figures

2.32%1Y

2.43%3Y

6.01%5Y

Performance

18.9%1Y

24.4%3Y

28.1%5Y

Volatility