LHX
L3Harris Technologies, Inc.282.85
-5.68-1.97%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
52.92BP/E (TTM)
30.48Basic EPS (TTM)
9.28Dividend Yield
0.02%Recent Filings
8-K
10-Q
8-K
Strong Q2 results boost guidance
L3Harris Technologies posted Q2 2025 revenue of $5.4 billion, up 2% overall and 6% organically, fueled by volume growth and program ramps across segments. Non-GAAP diluted EPS climbed 16% to $2.78, with adjusted segment operating margin edging up 30 basis points to 15.9% thanks to LHX NeXt savings and asset monetization, though cash flow dipped from working capital timing and a legal settlement. Orders hit a record $8.3 billion at 1.5x book-to-bill. The company raised 2025 guidance to $21.75 billion revenue and $10.40-$10.60 non-GAAP EPS, signaling confidence amid rising defense budgets.
10-Q
Q2 FY2025 results
L3Harris Technologies posted solid Q2 FY2025 results, with revenue climbing 2% year-over-year to $5.4B on stronger demand in tactical communications and missile solutions, while year-to-date revenue edged up 0.5% to $10.6B despite the March divestiture of its commercial aviation unit. Operating income surged 20% to $571M in the quarter (derived), lifting margins amid LHX NeXt cost savings and a $75M gain from monetizing legacy assets in IMS, though gross margins dipped slightly to 24.6% from unfavorable EAC adjustments. Diluted EPS rose 27% to $2.44, aligning with 187.8M weighted-average shares and no material anti-dilution effects. Cash from operations totaled $598M year-to-date, funding $822M in share repurchases and $453M in dividends, while free cash flow stood at $451M after $147M capex (derived); total debt eased to $11.1B with $2.0B in credit availability. The CAS sale fetched $831M net proceeds in March 2025, shedding $977M in net assets including $535M goodwill. Yet supply chain disruptions pose ongoing risks to program execution.
8-K
Director equity pay increased
L3Harris Technologies boosted its annual equity retainer for non-employee directors from $190,000 to $200,000 in share units, effective January 3, 2026, following a board recommendation. This modest hike, granted under the 2024 Equity Incentive Plan and vesting after one year, aligns with unchanged $150,000 cash retainers for board service. Directors must hit stock ownership targets within five years. Retention stays straightforward.
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