L3Harris Technologies (LHX) Tops Q3 EPS by 11c; Raises FY20 EPS Outlook, Narrows FY20 Revenue Guidance

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Go back to L3Harris Technologies (LHX) Tops Q3 EPS by 11c; Raises FY20 EPS Outlook, Narrows FY20 Revenue Guidance

L3Harris Reports Strong Third Quarter 2020 Results and Raises Outlook

October 30, 2020 6:30 AM EDT

3Q20 revenue $4.5 billion, up 0.7% versus prior year Up 4.4% on an organic1 basis; funded book-to-bill of 1.02 3Q20 margin and earnings Net income margin of 9.6%; adjusted earnings before interest and taxes (EBIT)2 margin of 17.9% GAAP earnings per share from continuing operations (EPS) of $1.99, up 4.7% Non-GAAP EPS2 of $2.84, up 10% 3Q20 cash flow Operating cash flow of $757 million; adjusted free cash flow (FCF)2 of $726 million... More