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L3Harris Technologies (LHX)
NYSE:LHX
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.66Last Year’s EPS
3.06Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -6.95%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance with record revenue and significant program wins, supported by effective cost-saving measures. However, challenges remain in specific segments, particularly space, and uncertainty around international aid programs.Company Guidance
In the earnings call for the fourth quarter of 2024, L3Harris Technologies provided detailed guidance for 2025, projecting revenue between $21.8 billion and $22.2 billion, which represents an organic growth of 4% at the midpoint. Segment operating margin is expected to be in the mid to high 15% range, supported by cost savings from the LHX NeXt initiative and strong program execution. Free cash flow is anticipated to be between $2.4 billion and $2.5 billion. The company also outlined its expectation for non-GAAP EPS to be in the range of $10.55 to $10.85, reflecting a 10% growth at the midpoint. At the segment level, SAS revenue is projected to be $6.9 billion to $7.1 billion, IMS revenue is anticipated at $7 billion to $7.2 billion, CS revenue is expected to be $5.6 billion to $5.7 billion, and Aerojet Rocketdyne is forecasted to reach approximately $2.5 billion. Additionally, the company aims to repurchase at least $1 billion of shares in 2025 and plans to transfer approximately $1.2 billion in pension assets and liabilities to a third party by the end of the first quarter of 2025.Record Revenue and Backlog
L3Harris achieved record revenue of $21.3 billion for 2024, growing 10% year-over-year, with a record backlog positioning the company well for the future.
Significant Program Wins
Notable achievements include winning the Next-Gen Jammer competition and a $1 billion IDIQ award for resilient communications for the U.S. Navy.
LHX NeXt Cost Savings
The LHX NeXt initiative exceeded its cost savings target, achieving $800 million in 2024, with expectations of $1.2 billion by the end of 2025, driving margin expansion.
Strong Free Cash Flow
Free cash flow grew to $2.3 billion in 2024, representing a 14% increase driven by earnings growth and effective working capital management.
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LHX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LHX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $211.95 | $212.06 | +0.05% |
| Oct 24, 2024 | $243.02 | $251.62 | +3.54% |
| Jul 25, 2024 | $240.92 | $227.19 | -5.70% |
| Apr 25, 2024 | $204.30 | $211.38 | +3.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does L3Harris Technologies (LHX) report earnings?
L3Harris Technologies (LHX) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is L3Harris Technologies (LHX) earnings time?
L3Harris Technologies (LHX) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LHX EPS forecast?
LHX EPS forecast for the fiscal quarter 2025 (Q1) is 2.66.
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