L3Harris Technologies (LHX) Tops Q4 EPS by 7c; Initiates FY20 EPS Mid-Point Guidance Above Consensus
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L3Harris Reports Strong Fourth Quarter and Second Half Results; Well-Positioned on EPS and FCF in 2020
February 4, 2020 6:30 AM EST4Q19 revenue $4.8 billion; up 190% GAAP and 10% versus prior-year combined1 4Q19 GAAP EPS from continuing operations down 6% to $1.77; non-GAAP2 up 28% versus prior-year combined to $2.85 4Q19 operating cash flow of $858 million and adjusted free cash flow3 of $831 million 2H19 revenue $9.2 billion, GAAP EPS from continuing operations $3.68, non-GAAP2 EPS $5.43, operating cash flow $939 million and adjusted free cash flow3 $1.45 billion CY19 combined revenue $18.1 billion, GAAP EPS from continuing operations $7.90, non-GAAP2 EPS $10.08, operating cash flow $1.7 billion and adjusted free cash flow3 $2.46 billion Initiated CY20 guidance: revenue up 5% - 7%, GAAP EPS $8.35 -... More
