L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance

Revenue and Operating Margin: Third quarter results are attributed to program execution across both sectors, Missile Solutions and Space Propulsion and Power Systems, reflecting a full quarter of contribution for 2024 and a partial quarter for 2023, from the July 28, 2023 acquisition date. Operating margins include the positive impact of amortization related to purchase price adjustments.

SUPPLEMENTAL INFORMATION*

 

 

 

2024

 

2023

 

 

Other Information

 

Current

Prior

 

Actuals

 

 

 

 

 

 

 

 

 

 

FAS/CAS operating adjustment

 

~$30 million

~$30 million

 

$110 million

 

 

Non-service FAS pension income

 

~$310 million

~$310 million

 

$310 million

 

 

 

 

 

 

 

 

 

 

Net interest expense

 

~$660 million

~$660 million

 

$543 million

 

 

 

 

 

 

 

 

 

 

Effective tax rate on GAAP income

 

 

 

 

1.9%

 

 

Effective tax rate on non-GAAP income

 

13.0% - 13.5%

13.0% - 13.5%

 

13.0%

 

 

 

 

 

 

 

 

 

 

Average diluted shares

 

Flat

Flat

 

190.6

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

~2% sales

~2% sales

 

2% sales

 

 

 

 

 

 

 

 

 


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