L3Harris Technologies, Inc. (LHX) reported fourth-quarter 2023 adjusted earnings (from continuing operations) of $3.35 per share, which beat the Zacks Consensus Estimate of $3.31 by 1.2%. The bottom line also increased 2% from the year-ago quarter’s reported figure.Excluding one-time items, the company reported GAAP earnings of 83 cents per share, down from $2.17 generated in the prior-year period.L3Harris generated 2023 adjusted earnings of $12.36 per share, which beat the Zacks Consensus Estimate of $12.3 ...

For the quarter ended December 2023, L3Harris (LHX) reported revenue of $5.34 billion, up 16.6% over the same period last year. EPS came in at $3.35, compared to $3.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.29 billion, representing a surprise of +0.98%. The company delivered an EPS surprise of +1.21%, with the consensus EPS estimate being $3.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies, Inc. (NYSE: LHX) reported fourth quarter and full-year 2023 results, and initiated 2024 financial guidance. “ We delivered on our 2023 financial commitments and reported record backlog of $33 billion, further demonstrating that our strategy to be the industry's Trusted Disruptor is working. Our agility and innovation continue to resonate with customers, enabling us to broaden our capabilities into high-growth markets,” said Christopher E. Kubasik, Ch ...

L3Harris Technologies, Inc. (LHX) is slated to report fourth-quarter and full-year 2023 results on Jan 25, after market close.    L3Harris has a four-quarter average earnings surprise of 1.70%. The strong top-line performance across most of the company’s business segments is likely to have contributed to its overall fourth-quarter revenues. However, increased interest expenses might have had some impact on the bottom line.Will the Integrated Mission Systems Unit Show Growth?Higher sales volume from the comm ...

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) received a contract with a potential value of up to $919 million to design and build 18 infrared space vehicles for the Space Development Agency’s (SDA) Tranche 2 (T2) Tracking Layer program that will provide near-global missile warning and tracking coverage. “ Space remains a growth engine, and we are well positioned to provide innovative solutions after having made significant investments in technology for space vehicles, payloads and gro ...

Lockheed Martin's Tranche 0 Transport Layer satellites are seen in one of the company's processing facilities.The Pentagon on Tuesday announced about $2.5 billion in contracts will go to L3Harris, Lockheed Martin, and Sierra Space to build satellites for an expanding military system.The U.S. Space Force's Space Development Agency is having the trio of companies build 54 satellites as part of a network the U.S. military is building, the Proliferated Warfighter Space Architecture. These satellites will be for ...

gorodenkoff Key Highlights Strategic Refocus towards Core Assets has created a resilient and profitable Portfolio in Key Defense Growth Areas Since the L3 and Harris merger in 2019, L3Harris Technologies, Inc. (NYSE:LHX) has divested c.$2.9bn in non-core assets, latest of which the (pending) $800MM sale of its commercial aviation solutions business announced in November. Simultaneously, the newly combined business has added several assets to its portfolio, looking to expand its footprint into new growth mar ...

An L3Harris office building. JHVEPhoto As a dividend growth investor, one of the most important attributes to me is a track record of vigorous dividend growth. Of course, a pattern of rewarding shareholders in the past doesn't always perfectly correlate to a future of rewarding shareholders when the fundamentals deteriorate (Walgreens Boots Alliance's (WBA) dividend cut, anybody?). But in this rapidly changing world, I have found the dividend growth strategy to be a winner for me. That's because it keeps ...

Egorych/E+ via Getty Images L3Harris Technologies (NYSE:LHX) is well-positioned to benefit from increased global defense spending amid geopolitical tensions, shows strong growth in its Space and Airborne Systems segment, is reducing debt and targeting significant organic growth and free cash flow, and is undervalued compared to peers, offering an attractive investment opportunity. A recent investor day for LHX emerged as a positive event for the company's stock. A key insight from this event is the manageme ...

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will release financial results for its fourth quarter on Thursday, Jan. 25, 2024, after market close. The company’s results will be published in an Investor Letter and made available at L3Harris.com. The company will host a call on Friday, Jan. 26, 2024, at 8:30 a.m. ET. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) +1 201-389-0877, and participants will be directed to an operator. Please allow at le ...