L3Harris Reports Mixed Q1 2025 Results, Lowers Revenue Forecast

Published 2 hours agoLHX

L3Harris Reports Mixed Q1 2025 Results, Lowers Revenue Forecast

L3Harris Technologies announced its Q1 2025 financial results, revealing revenue figures between $5.1 billion and $5.13 billion, which fell short of analysts' expectations of $5.22 billion. However, the company delivered a non-GAAP EPS of $2.41, exceeding the anticipated $2.32, while GAAP EPS came in at $2.04.

According to Insider Monkey, L3Harris revised its full-year revenue guidance down to a range of $21.4 billion to $21.7 billion, citing divestitures and necessary operational adjustments as contributing factors. The company also returned $797 million to shareholders, distributing $228 million in dividends and repurchasing shares worth $569 million. Meanwhile, the adjusted segment operating margin expanded to 15.6%, despite a decline in the book-to-bill ratio to 0.84x.

CEO Christopher Kubasik highlighted the company's focus on operational execution and its commitment to aligning with national security priorities. However, these updates led to a premarket share decline of approximately 1% to 1.5%, as investors reacted to the revenue miss and downward-revised outlook.

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