Harris Corp. (HRS) Reports In-Line Q4 EPS, Offers FY18 Guidance

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Go back to Harris Corp. (HRS) Reports In-Line Q4 EPS, Offers FY18 Guidance

Harris Corporation Reports Solid Fiscal 2017 Fourth Quarter and Full Fiscal Year Results as It Looks to Return to Growth in Fiscal 2018

August 1, 2017 6:30 AM EDT

4Q17 EPS from continuing operations $1.35 GAAP, up 19%; $1.49 non-GAAP, up 15% FY17 EPS from continuing operations $5.12 GAAP, up 5%; $5.53 non-GAAP, up 8% 4Q17 revenue up 1%; FY17 revenue better than expected FY17 operating cash flow $569 million; excluding $400 million voluntary pension contribution, adjusted operating cash flow $969 million and free cash flow $850 million Initiated FY18 guidance: EPS from continuing operations of $5.85-$6.05; revenue up 2-4%; free cash flow of $850-900 million

MELBOURNE, Fla.--(BUSINESS WIRE)-- Harris Corporation (NYSE:... More