Harris Corporation Reports Strong Fourth Quarter and Fiscal 2018 Results...Well Positioned to Accelerate Growth

     

1

 

Reconciliations of GAAP to non-GAAP financial measures are provided in the attached tables.

2

Excluding $300M voluntary pension contribution made in 3Q18.

3

Reflects adoption of new revenue recognition standard (ASC 606) - refer to guidance paragraph for more information.

4

Effective June 30, 2018 (the first day of fiscal 2019), Harris adopted the new revenue recognition standard, Accounting Standards Codification 606, Revenue from Contracts with Customers, using the full retrospective method. Fiscal 2019 guidance reflects adoption of the new revenue recognition standard, and Table 8 in the attached tables presents preliminary unaudited selected historical segment financial information on the basis of the new revenue recognition standard, as supplemental information for comparability purposes.



Contact:

Harris Corporation
Investor Relations Contact:
Anurag Maheshwari, 321-727-9383
Email Contact
or
Media Relations Contact:
Jim Burke, 321-727-9131
Email Contact



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