HighGravityData

L3Harris Technologies — Jan 30, 2025 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000202058-25-000011
Open on SEC.gov ↗
Showing in the filing
Effective tax rate on non-GAAP income (New)
“11.0% - 12.0%”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 19
LHX NeXt overall cost-savings goal for FY2025
“$1.2 billion”
Space & Airborne Systems Revenue for FY2025
“$6.9B - $7.1B”
Integrated Mission Systems Adjusted Segment … for FY2025
“low 12%”
Integrated Mission Systems Revenue for FY2025
“$7.0B - $7.2B”
Communication Systems Revenue for FY2025
“$5.6B - $5.7B”
Communication Systems Adjusted Segment Opera… for FY2025
“high 24%”
Aerojet Rocketdyne Revenue for FY2025
“~$2.5B”
Aerojet Rocketdyne Adjusted Segment Operatin… for FY2025
“mid 12%”
Total Company Revenue for FY2025
“$21.8B - $22.2B”
Total Company Adjusted Segment Operating Mar… for FY2025
“mid - high 15%”
Non-GAAP diluted EPS (Prior) for FY2025
“$13.70 - $14.00”
Intangible amortization, net of income taxes for FY2025
“~(3.15)”
Non-GAAP diluted EPS (New) for FY2025
“$10.55 - $10.85”
Adjusted free cash flow for FY2025
“$2.4B - $2.5B”
FAS/CAS operating adjustment for FY2025
“~$15 million”
Net interest expense for FY2025
“~$630 million”
Effective tax rate on non-GAAP income (New) for FY2025
“11.0% - 12.0%”
Average diluted shares for FY2025
“~190”
Capital expenditures for FY2025
“~2% sales”
Exhibit 99.1 · the passage around this item
… earlier in the release
*Based on mid-point PAGE 7 SUPPLEMENTAL INFORMATION 2025 2024 Other Information Current Actuals FAS/CAS operating adjustment ~$15 million $28 million Non-service FAS pension income 1 ~$260 million $322 million Net interest expense ~$630 million $675 million Effective tax rate on GAAP income 5.3% Effective tax rate on non-GAAP income (New) 2 11.0% - 12.0% Average diluted shares ~190 190.7 Capital expenditures ~2% sales 2% sales 1 Includes the reduction in non-service FAS pension income resulting from the anticipated transfer of ~$1.2 billion of pension assets and liabilities to a third party in Q1 2025. 2 Effective tax rate on non-GAAP income is a non-GAAP financial measure defined on page 19. A reconciliation of effective tax rate on non-GAAP income guidance is not available. See Non-GAAP Financial Measures on page 10 for more information. Excludes the adjustment for amortization of acquisition-related intangible assets. PAGE 8 Forward-Looking Statements This earnings release contains forward-looking statements within the meaning of federal securities laws made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Examples include, but are not limited to: share repurchases; potential divestitures and their timing; 2024 guidance; 2026 financial framework; anticipated LHX NeXt initiative costs and savings targets; 2026 margins; supplemental information for 2024; projection of other financial items; and assumptions underlying any of the foregoing. Investors should not place undue reliance
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.