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L3Harris Technologies (LHX)
NYSE:LHX
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.44Last Year’s EPS
$3.35Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -12.13%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with record order volume, significant cost savings, and key contract wins contributing to an overall positive outlook. Despite some challenges in the SAS segment and space programs, the company's financial outlook remains robust, with increased guidance and improved operating margins.Company Guidance
During the L3Harris Technologies Q3 2024 earnings call, the company provided robust guidance for future financial performance. Kenneth Bedingfield, the CFO, highlighted that the company is on track to exceed a 2024 run rate cost savings target of $400 million, now expecting to achieve at least $600 million by year-end. They anticipate reaching their $1 billion cost savings target a year earlier than planned. Bedingfield projected significant financial growth for the upcoming years, expecting to reach $23 billion in revenue, at least a 16% segment operating margin, and $2.8 billion in free cash flow by 2026. For 2025, the company anticipates mid-single-digit organic revenue growth, continued margin expansion, and low double-digit free cash flow growth. L3Harris also reported that their book-to-bill ratio is at 1.4 for the quarter, with a record total backlog of $34 billion, supporting their positive financial outlook.Record Order Volume and Backlog
Achieved record order volume with new awards totaling over $7 billion and a book-to-bill ratio of 1.4. Total backlog reached a new record of $34 billion.
Significant Cost Savings Achieved
Exceeded 2024 cost savings target of $400 million, now expecting at least $600 million by year-end, with confidence to reach $1 billion a year early.
Key Contract Wins
Won $600 million Next Generation Jammer contract and secured a $1.2 billion IDIQ contract with the U.S. Navy for P-8A Poseidon support.
International Growth in Tactical Radios
Awarded contracts totaling over $400 million for software-defined tactical radios by NATO allies, with a strong international pipeline of $10 billion.
Improved Operating Margins
Operating margins improved to 15.7%, a 70-basis-point increase driven by program execution and operational performance.
Positive Financial Outlook
Increased full-year guidance with expected revenue of $21.1 billion to $21.3 billion and EPS in the range of $12.95 to $13.15 per share.
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LHX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LHX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $243.02 | $251.62 | +3.54% |
| Jul 25, 2024 | $240.92 | $227.19 | -5.70% |
| Apr 25, 2024 | $204.30 | $211.38 | +3.47% |
| Jan 25, 2024 | $200.54 | $205.02 | +2.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does L3Harris Technologies (LHX) report earnings?
L3Harris Technologies (LHX) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is L3Harris Technologies (LHX) earnings time?
L3Harris Technologies (LHX) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LHX EPS forecast?
LHX EPS forecast for the fiscal quarter 2024 (Q4) is $3.44.
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