L-3 Technologies (LLL) Tops Q4 EPS by 40c, Revenues Beat; Offers FY19 Revenue Guidance Above Consensus

L-3 Technologies (NYSE: LLL) reported Q4 EPS of $3.10, $0.40 better than the analyst estimate of $2.70. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.68 billion.

• 4Q Book-to-bill ratio of 1.06x on funded orders of $3.0 billion; 2018 book-to-bill ratio of 1.13x on funded orders of $11.6 billion
• 4Q Sales increased 8% to $2.8 billion; 2018 sales increased 7% to $10.2 billion
• 4Q Diluted earnings per share (EPS) from continuing operations of $2.83; 2018 diluted EPS from continuing operations of $10.05
• 4Q Adjusted diluted EPS from continuing operations(1) of $3.10; 2018 Adjusted diluted EPS from continuing operations of $10.75
• 4Q Cash from continuing operations of $700 million; 2018 cash from continuing operations of $1,042 million
• 4Q Free cash flow of $664 million; 2018 free cash flow of $935 million
• Initial 2019 financial guidance provided

GUIDANCE:

L-3 Technologies sees FY2019 revenue of $10.75 billion, versus the consensus of $10.16 billion.

For earnings history and earnings-related data on L-3 Technologies (LLL) click here.

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