L3Harris Technologies

Technology | Communication Equipment | USA

L3Harris Reports Strong Third Quarter 2019 Results with Double-Digit Revenue Growth, Margin Expansion Across all Segments and Robust Cash Flow

• [b]3Q19 revenue $4.4 billion; up 187% GAAP, up 10% versus prior-year combined1; funded book-to-bill 1.13 and funded backlog up 10% to $16.5 billion[/b]
  
  
• [b]3Q19 GAAP EPS from continuing operations up 7% to $1.90; non-GAAP2 up 26% versus prior-year combined to $2.58[/b]
  
  
• [b]3Q19 operating cash flow of $81 million; adjusted free cash flow3 of $618 million[/b]
  
  
• [b]YTD19 revenue $8.0 billion, up 68% GAAP; combined revenue $13.2 billion[/b], [b]up 10% versus prior-year combined[/b]
  
  
• [b]YTD19 GAAP EPS from continuing operations up 19% to $6.13; combined non-GAAP2 up 27% versus prior-year combined to $7.23[/b]
  
  
• [b]YTD19 combined operating cash flow of $797 million; adjusted free cash flow3 up 73% to $1.6 billion[/b]
  
  
• [b]Increased EPS guidance and tightened free cash flow to the higher end of the range[/b]
  
  
  
  
  

https://finance.yahoo.com/news/l3harris-...00921.html