L3Harris Technologies Inc

Latest Results (21.10.2025):

L3Harris Technologies Inc reported strong financial results for the fourth quarter of 2024, demonstrating significant growth and operational efficiency. The company achieved a 10% increase in full-year revenue and maintained robust cash flow, positioning itself well for continued success in the defense industry.

Revenue Growth

For the full year 2024, L3Harris reported revenues of $21.3 billion, marking a 10% increase compared to 2023 and a 4% growth organically. In the fourth quarter, revenue reached $5.5 billion, up 3% year-over-year and 4% organically, driven by strong performance in Integrated Mission Systems and Communication Systems.

Operating Margin Improvement

The operating margin for the fourth quarter of 2024 was 10.3%, a significant increase of 740 basis points from the previous year. For the full year, the operating margin stood at 9.0%, up by 170 basis points. Additionally, the adjusted segment operating margin improved to 15.3% for the fourth quarter and 15.4% for the full year, reflecting enhanced program performance and operational efficiencies.

Earnings Per Share

L3Harris reported a diluted earnings per share (EPS) of $2.37 for the fourth quarter of 2024, a 186% increase from the same period in 2023. For the full year, diluted EPS reached $7.87, up 22%. Non-GAAP diluted EPS for the fourth quarter was $3.47, and $13.10 for the full year, indicating strong profitability and effective cost management.

Strong Cash Flow

The company generated $2.6 billion in cash from operations for the full year 2024, a 22% increase from 2023. Adjusted free cash flow was $2.3 billion, up 14%. In the fourth quarter alone, cash from operations rose by 43% to $1.1 billion, underscoring L3Harris's ability to generate robust cash flow while managing expenditures effectively.