L-3 Technologies (LLL) Tops Q1 EPS by 33c; Lifts FY18 EPS Outlook
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Go back to L-3 Technologies (LLL) Tops Q1 EPS by 33c; Lifts FY18 EPS Outlook
May 1, 2018 7:49 AM EDT
Funded orders increased 10% to $2.6 billion, with a book-to-bill
ratio of 1.11x
Sales increased 2% to $2.4 billion
Diluted earnings per share (EPS) from continuing operations
increased 21% to $2.34
Increased 2018 financial guidance
NEW YORK--(BUSINESS WIRE)--
L3 Technologies, Inc. (NYSE: LLL) today reported diluted earnings per
share (EPS) from continuing operations of $2.34 for the quarter ended
March 30, 2018 (2018 first quarter) compared to diluted EPS from
continuing operations for the quarter ended March 31, 2017 (2017 first
quarter) of $1.93. Net sales of... More
May 1, 2018 7:00 AM EDT
NEW YORK--(BUSINESS WIRE)--
L3 Technologies (NYSE: LLL) announced today that it has entered into a
definitive agreement to sell its Vertex Aerospace business to American
Industrial Partners for $540 million in cash. As part of the agreement,
L3 will also sell its Crestview Aerospace and TCS business units, which
are included in the Aerospace Systems business segment.
Were pleased with this divestiture process, said Christopher E.
Kubasik, L3s Chief Executive Officer and President. This is a
strategic step toward optimizing L3s portfolio. We will use the
proceeds from the sale to... More
