HighGravityDataL3Harris Technologies — Jul 24, 2025 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000202058-25-000147
Showing in the filing
Non-GAAP diluted EPS
“$10.40 - $10.60 (Prior: $10.30 - $10.50)”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 20
Revenue for FY2025
“~$21.75B (Prior: $21.4B - 21.7B)”
Adjusted segment operating margin for FY2025
“mid - high 15%”
Non-GAAP diluted EPS for FY2025
“$10.40 - $10.60 (Prior: $10.30 - $10.50)”
Adjusted free cash flow for FY2025
“~$2.65B (Prior: $2.4B - $2.5B)”
Communication Systems Revenue for FY2025
“$5,600 - $5,700”
Communication Systems Operating margin for FY2025
“~25%”
Integrated Mission Systems Revenue for FY2025
“~$6,400 (Prior: ~$6,300)”
Integrated Mission Systems Operating margin for FY2025
“~12% (Prior: high 11%)”
Space and Airborne Systems Revenue for FY2025
“~$7,100 (Prior: $6,900 - $7,100)”
Space and Airborne Systems Operating margin for FY2025
“low 12%”
Aerojet Rocketdyne Revenue for FY2025
“~$2,800”
Aerojet Rocketdyne Operating margin for FY2025
“mid 12%”
FAS/CAS operating adjustment for FY2025
“~$15 million”
Non-service FAS pension income for FY2025
“~$285 million”
Non-service FAS pension income
“~$270 million”
Net interest expense for FY2025
“~$600 million”
Effective tax rate on non-GAAP income for FY2025
“13.5% - 14.5%”
Effective tax rate on non-GAAP income
“11.0% - 12.0%”
Weighted-average diluted shares
“188 - 189”
Capital expenditures for FY2025
“~2% revenue”
Exhibit 99.1 · the passage around this item
… earlier in the release
PAGE 1 SUMMARY FINANCIAL RESULTS* Second Quarter Year to Date 2025 Guidance ($ millions, except per share data) 2025 2024 1 Change 2025 2024 1 Change Revenue (see Table 4 for organic revenue) Communication Systems $ 1,376 $ 1,346 $ 2,728 $ 2,640 Integrated Mission Systems 1,622 1,671 3,214 3,298 Space & Airborne Systems 1,787 1,707 3,398 3,458 Aerojet Rocketdyne 698 633 1,327 1,217 Corporate eliminations (57) (58) (109) (103) Revenue $ 5,426 $ 5,299 2 % $ 10,558 $ 10,510 — % ~$21.75B (Prior: $21.4B - 21.7B) Operating income Communication Systems 336 329 681 639 Integrated Mission Systems 214 200 417 385 Space & Airborne Systems 220 215 396 431 Aerojet Rocketdyne 93 81 169 158 Unallocated corporate expenses (292) (349) (567) (759) Operating income $ 571 $ 476 $ 1,096 $ 854 Adjusted segment operating income $ 863 $ 825 5 % $ 1,663 $ 1,613 3 % Margin Operating margin 10.5 % 9.0 % 10.4 % 8.1 % Adjusted segment operating margin 15.9 % 15.6 % 30 bps 15.8 % 15.3 % 50 bps mid - high 15% Tax rate Effective tax rate (GAAP) 12.6 % 5.9 % 14.1 % 4.1 % Effective tax rate (non-GAAP) 9.5 % 7.8 % 11.5 % 6.7 % EPS Diluted EPS $ 2.44 $ 1.92 $ 4.48 $ 3.40 Non-GAAP diluted EPS $ 2.78 $ 2.40 16 % $ 5.18 $ 4.64 12 % $10.40 - $10.60 (Prior: $10.30 - $10.50) Pension adjusted non-GAAP diluted EPS $ 2.42 $ 1.98 22 % $ 4.38 $ 3.79 16 % Diluted weighted-average common shares outstanding 187.8 190.6 188.5 190.8 Cash flow Cash from operations $ 640 $ 754 (15 %) $ 598 $ 650 (8 %) Adjusted free cash flow $ 574 $ 714 (20 %) $ 502 $ 558 (10 %) ~$2.65B (Prior: $2.4B - $2.5B) *A reconciliation of adjusted segment operating income and margin, non-GAAP effective tax rate, diluted EPS and pension adjusted diluted EPS, 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 7 for more information. 1 2024 segment financial results recast to reflect strategic realignment of the Fuzing and Ordnance Systems (FOS) business from Integrated Mission Systems to Aerojet Rocketdyne, effective in 2025. See Table 9 - 2024 Segment Recast in our EX-99.1 Earnings Rel ease for first quarter 2025 . PAGE 2 Revenue: Second quarter revenue increased 2%, 6%
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.