AI English summary of an SEC filing — figures as filed
The company said quarter revenue for Q2 rose to $5,299 million, up 13%. It cited the acquisition of Aerojet Rocketdyne and 1% organic growth as drivers, and said AR revenue for Q2 was $581 million.
Key points
AI summaryThe company said quarter revenue for Q2 rose to $5,299 million, up 13%. It cited the acquisition of Aerojet Rocketdyne and 1% organic growth as drivers, and said AR revenue for Q2 was $581 million.
The company said operating margin for Q2 was 9.0%, up 50 basis points, and adjusted segment operating margin was 15.6%, up 80 basis points. It reported GAAP EPS of $1.92 and non-GAAP EPS of $3.24.
L3Harris said cash from operations for Q2 was $754 million, citing net income growth and improved working capital as factors. The company said adjusted free cash flow was $714 million.
L3Harris raised its full-year 2024 revenue outlook to $21.0B to $21.3B from $20.8B to $21.3B, and its non-GAAP EPS outlook to $12.85 to $13.15 from $12.70 to $13.05, the company said. Its adjusted segment operating margin outlook was changed to 15.2% to 15.4% from above 15%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q2 Revenue $5,299 million, Aerojet Rocketdyne Acquisition Drives Gain
The company said quarter revenue for Q2 rose to $5,299 million, up 13%. It cited the acquisition of Aerojet Rocketdyne and 1% organic growth as drivers, and said AR revenue for Q2 was $581 million.
Source · Based on the filing body and exhibits
Q2 Operating Margin 9.0%, Adjusted Segment Margin 15.6%
The company said operating margin for Q2 was 9.0%, up 50 basis points, and adjusted segment operating margin was 15.6%, up 80 basis points. It reported GAAP EPS of $1.92 and non-GAAP EPS of $3.24.
Source · Based on the filing body and exhibits
Q2 Cash From Operations $754 million
L3Harris said cash from operations for Q2 was $754 million, citing net income growth and improved working capital as factors. The company said adjusted free cash flow was $714 million.
Source · Based on the filing body and exhibits
L3Harris Raises 2024 Full-Year Outlook
L3Harris raised its full-year 2024 revenue outlook to $21.0B to $21.3B from $20.8B to $21.3B, and its non-GAAP EPS outlook to $12.85 to $13.15 from $12.70 to $13.05, the company said. Its adjusted segment operating margin outlook was changed to 15.2% to 15.4% from above 15%.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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