L3Harris Technologies Reports Strong Second Quarter 2024 Results, Increases 2024 Guidance

Revenue: Second quarter revenue was flat, as higher volumes on Maritime programs were offset by lower volume in our Commercial Aviation business.

Operating Margin: Second quarter operating margin increased 260 bps from improved program performance, including the impact of LHX NeXt cost savings.

CS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

Year to Date

 

2024 Guidance*

 

 

($ millions)

2024

 

2023

 

Change

 

2024

 

2023

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

$

1,346

 

 

$

1,289

 

 

4

%

 

$

2,640

 

 

$

2,452

 

 

8

%

 

$5,300 - 5,400

 

 

Operating margin

 

24.4

%

 

 

25.2

%

 

(80) bps

 

 

24.2

%

 

 

24.1

%

 

10 bps

 

mid 24%*

(Prior low-mid 24%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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