2023-07-26 16:33:52 ET
- L3Harris Technologies press release ( NYSE: LHX ): Q2 Non-GAAP EPS of $2.97 beats by $0.02 .
- Revenue of $4.69B (+13.3% Y/Y) beats by $320M .
- 2023 Outlook: The company now expects revenue of $18.0 billion to $18.3 billion, up from prior guidance of $17.4 billion to $17.8 billion.
- Segment operating income is expected to be consistent with the prior guidance of $2.7 billion to $2.8 billion.
- These updates result in an increase to non-GAAP EPS guidance to $12.15 to $12.55 per share.
- Guidance for adjusted free cash flow remains unchanged at $2.0B+.
- Working capital improvements are expected to increase sequentially throughout the second half of 2023.
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L3Harris Technologies Non-GAAP EPS of $2.97 beats by $0.02, revenue of $4.69B beats by $320M