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

Revenue: Third quarter revenue increased primarily from higher aircraft missionization volumes, increased advanced electronics demand for space and munitions programs, and higher volumes in our Commercial Aviation Solutions business, the divestiture of which is pending closure.

Operating Margin: Third quarter operating margin increased 30 bps, primarily from improved program performance across the segment, LHX NeXt cost savings and higher volume and favorable mix in Commercial Aviation Solutions, partially offset by unfavorable mix impact in our aircraft missionization business.

*Organic revenue is a non-GAAP financial measure defined on page 17.

CS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

Year to Date

 

2024 Guidance

 

 

($ millions)

 

2024

 

 

 

2023

 

 

Change

 

 

2024

 

 

 

2023

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

$

   1,382

 

 

$

   1,255

 

 

10

%

 

$

   4,022

 

 

$

   3,707

 

 

8

%

 

~$5,400

(Prior: $5,300 - $5,400)

 

 

Operating margin

 

26.0

%

 

 

22.5

%

 

350 bps

 

 

24.8

%

 

 

23.6

%

 

120 bps

 

mid - high 24%

(Prior: mid 24%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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