L3Harris Technologies — Apr 24, 2025 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000202058-25-000098
Showing in the filing
Revenue - Integrated Mission Systems
“~$6.3B”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 17
Revenue - Communication Systems for FY2025
“$5.6B - $5.7B”
Adjusted Segment Operating Margin - Communic… for FY2025
“~25%”
Revenue - Integrated Mission Systems for FY2025
“~$6.3B”
Adjusted Segment Operating Margin - Integrat… for FY2025
“high 11%”
Adjusted Segment Operating Margin - Space & … for FY2025
“low 12%”
Revenue - Space & Airborne Systems for FY2025
“$6.9B - $7.1B”
Revenue - Aerojet Rocketdyne for FY2025
“~$2.8B”
Adjusted Segment Operating Margin - Aerojet … for FY2025
“mid 12%”
Revenue - Total Company for FY2025
“$21.4B - $21.7B”
Adjusted Segment Operating Margin - Total Co… for FY2025
“mid - high 15%”
Non-GAAP diluted EPS (Updated) for FY2025
“$10.30 - $10.50”
Adjusted free cash flow for FY2025
“$2.4B - $2.5B”
FAS/CAS operating adjustment for FY2025
“~$15 million”
Net interest expense for FY2025
“~$600 million”
Effective tax rate on non-GAAP income for FY2025
“11.0% - 12.0%”
Weighted-average diluted shares for FY2025
“188 - 189”
Capital expenditures for FY2025
“~2% revenue”
Exhibit 99.1 · the passage around this item
… earlier in the release
This shift represents approximately $300 million of expected revenue moving from IMS to AR. Revenue Adjusted Segment Operating Margin 1 Communication Systems $5.6B - $5.7B ~25% (Prior: high 24%) Integrated Mission Systems ~$6.3B (Prior: $7.0B - $7.2B) high 11% (Prior: low 12%) Space & Airborne Systems $6.9B - $7.1B low 12% Aerojet Rocketdyne ~$2.8B (Prior: ~$2.5B) mid 12% Total Company $21.4B - $21.7B (Prior: $21.8B - $22.2B) mid - high 15% 2025 Earnings per share Guidance 1 Non-GAAP diluted EPS (Previous Guidance) $10.55 - $10.85 CAS divestiture ~(0.55) Improved performance & capital deployment actions ~0.25 Non-GAAP diluted EPS (Updated Guidance) $10.30 - $10.50 Growth 7% * Adjusted free cash flow $2.4B - $2.5B 1 A reconciliation of adjusted segment operating income and margin, effective tax rate on non-GAAP income, non-GAAP diluted EPS (prior and new) and adjusted free cash flow on a forward-looking basis to GAAP is not available without unreasonable effort due to the unavailability of items for exclusion from the GAAP measure. We are unable to address the probable significance of this information, the variability of which may have a significant impact on future GAAP results. See Non-GAAP Financial Measures on page 6 for more information. *Based on mid-point CAS - Commercial Aviation Solutions SUPPLEMENTAL INFORMATION 2025 Other Information Current Prior FAS/CAS operating adjustment ~$15 million ~$15 m
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.