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L3Harris (LHX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
LHXL3Harris(LHX) ZACKS·2025-01-30 15:36

Core Insights - L3Harris (LHX) reported revenue of 5.52billionforthequarterendedDecember2024,markingayear−over−yearincreaseof3.45.52 billion for the quarter ended December 2024, marking a year-over-year increase of 3.4% and an EPS of 3.47, up from 3.35ayearago,exceedingZacksConsensusEstimatesforbothrevenueandEPS[1]FinancialPerformance−RevenuefromCorporateeliminationswas−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 -49.14million,representingayear−over−yearchangeof−8.549.14 million, representing a year-over-year change of -8.5% [4] - Revenue from Space and Airborne Systems was 1.73 billion, below the estimated 1.82billion,reflectinga−41.82 billion, reflecting a -4% change year-over-year [4] - Revenue from Communication Systems was 1.44 billion, surpassing the estimated 1.39billion,showinga+5.41.39 billion, showing a +5.4% change year-over-year [4] - Revenue from Integrated Mission Systems was 1.77 billion, exceeding the average estimate of 1.63billion,withayear−over−yearchangeof+91.63 billion, with a year-over-year change of +9% [4] - Revenue from Aerojet Rocketdyne was 628 million, below the average estimate of 701.13million[4]SegmentOperatingIncome−IntegratedMissionSystems(IMS)reportedoperatingincomeof701.13 million [4] Segment Operating Income - Integrated Mission Systems (IMS) reported operating income of 238 million, exceeding the average estimate of 191.18million[4]−CommunicationSystems(CS)reportedoperatingincomeof191.18 million [4] - Communication Systems (CS) reported operating income of 326 million, below the estimated 348.41million[4]−SpaceandAirborneSystems(SAS)reportedoperatingincomeof348.41 million [4] - Space and Airborne Systems (SAS) reported operating income of 186 million, compared to the average estimate of 222.28million[4]−AerojetRocketdynereportedoperatingincomeof222.28 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]