L3Harris (LHX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - L3Harris (LHX) reported revenue of $5.52 billion for the quarter ended December 2024, marking a year-over-year increase of 3.4% and an EPS of $3.47, up from $3.35 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Financial Performance - Revenue from Corporate eliminations was -$43 million, better than the average estimate of -$49.14 million, representing a year-over-year change of -8.5% [4] - Revenue from Space and Airborne Systems was $1.73 billion, below the estimated $1.82 billion, reflecting a -4% change year-over-year [4] - Revenue from Communication Systems was $1.44 billion, surpassing the estimated $1.39 billion, showing a +5.4% change year-over-year [4] - Revenue from Integrated Mission Systems was $1.77 billion, exceeding the average estimate of $1.63 billion, with a year-over-year change of +9% [4] - Revenue from Aerojet Rocketdyne was $628 million, below the average estimate of $701.13 million [4] Segment Operating Income - Integrated Mission Systems (IMS) reported operating income of $238 million, exceeding the average estimate of $191.18 million [4] - Communication Systems (CS) reported operating income of $326 million, below the estimated $348.41 million [4] - Space and Airborne Systems (SAS) reported operating income of $186 million, compared to the average estimate of $222.28 million [4] - Aerojet Rocketdyne reported operating income of $72 million, below the average estimate of $83.29 million [4] Stock Performance - L3Harris shares returned +0.8% over the past month, compared to the Zacks S&P 500 composite's +1.2% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [3]