L3harris Technologies ( (LHX) ) has released its Q1 earnings. Here is a breakdown of the information L3harris Technologies presented to its investors.
L3Harris Technologies is a leading defense contractor specializing in communication, electronic, and space systems, known for its innovative solutions in the aerospace and defense sector.
In its first quarter of 2025, L3Harris Technologies reported a revenue of $5.1 billion with a diluted EPS of $2.04, showcasing a strong start to the year. The company also updated its 2025 guidance following a strategic divestiture and robust quarterly performance.
Key financial highlights include an operating margin of 10.2% and an adjusted segment operating margin of 15.6%. The company achieved a 7% increase in non-GAAP diluted EPS to $2.41, driven by higher operating income and reduced interest expenses. Notably, L3Harris returned nearly $800 million to shareholders through dividends and share repurchases, marking the 24th consecutive year of dividend increases.
The company saw varied performance across its segments, with Communication Systems and Aerojet Rocketdyne reporting revenue growth, while Integrated Mission Systems and Space & Airborne Systems experienced declines due to divestitures and program challenges. Despite these fluctuations, L3Harris remains focused on aligning with national security priorities and enhancing its strategic partnerships.
Looking ahead, L3Harris Technologies remains confident in its ability to achieve long-term growth targets, supported by its strategic realignment and capital deployment strategies. The company is well-positioned to adapt to evolving defense priorities and continue delivering critical solutions to its customers.