UPDATE: L3Harris Technologies (LHX) Tops Q1 EPS by 24c, Revenues Beat; Raises FY21 EPS Guidance, Provides FY21 Revenues Outlook

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Go back to UPDATE: L3Harris Technologies (LHX) Tops Q1 EPS by 24c, Revenues Beat; Raises FY21 EPS Guidance, Provides FY21 Revenues Outlook

L3Harris Reports Strong First Quarter 2021 Results

April 30, 2021 6:30 AM EDT

Revenue $4.6 billion, down 1.3% versus prior year, up 1.8% on an organic1 basis Funded book-to-bill2 of 1.10 Margins and earnings Net income margin of 10.2%; adjusted earnings before interest and taxes (EBIT) margin3 of 18.9% GAAP earnings per share from continuing operations (EPS) of $2.25, up 127% Non-GAAP EPS3 of $3.18, up 14% Cash flow and capital deployment Operating cash flow of $661 million; adjusted free cash flow (FCF)3 of $630 million Returned $909 million to shareholders through $700 million in... More