L3Harris Technologies (LHX) Tops Q2 EPS by 22c, Revenues Miss; Maintains FY20 EPS/Revenue Guidance

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Go back to L3Harris Technologies (LHX) Tops Q2 EPS by 22c, Revenues Miss; Maintains FY20 EPS/Revenue Guidance

L3Harris Reports Second Quarter 2020 Results

July 31, 2020 6:30 AM EDT

2Q20 revenue $4.4 billion, up 138% and flat versus prior-year GAAP and pro forma1, respectively Up 2.3% on an organic2 basis; funded book-to-bill of 1.09 2Q20 margin and earnings Net income margin of 6.3%; adjusted earnings before interest and taxes (EBIT)3 margin of 18.2% GAAP earnings per share from continuing operations (EPS) of $1.30, down 41% and 29% versus prior-year GAAP and pro forma, respectively Non-GAAP3 EPS of $2.83, up 13% versus prior-year adjusted pro forma 2Q20 cash... More