L3Harris Technologies (LHX) Tops Q4 EPS by 3c, Guidance Misses
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L3Harris Technologies Reports Fourth Quarter and Full-Year 2023 Results; Initiates 2024 Guidance
January 25, 2024 4:10 PM ESTFull year (FY) 2023 orders1 of $22.8 billion; book-to-bill of 1.18x 4Q23 revenue of $5.3 billion and FY23 of $19.4 billion, up 17% and 14% respectively 4Q23 operating margin of 2.9% and FY23 of 7.3%, reflecting goodwill impairment for pending business sale 4Q23 segment operating margin1 of 15.1% and FY23 of 14.8% 4Q23 earnings per share (EPS) of $0.83 and FY23 of $6.44; 4Q23 non-GAAP EPS1 of $3.35 and FY23 of $12.36 FY23 cash from operations of $2.1 billion, free cash flow1 of $2.0... More
