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L3harris Technologies Inc   (LHX)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods


 

L3harris Technologies Inc

LHX's Financial Statements and Analysis



L3harris Technologies Inc reported in the first quarter of 2024 net earnings per share of $1.48 a decrease by -15.91 % year on year from $1.76 and an improvement of 77.86 % from $0.83 realized in IV. Quarter (Dec 29 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 1.48 $  5,211 Mill
$-0.28     -15.91 % $+842M     +19.27 %



L3harris Technologies Inc 's Revenue rose by 19.27 % in first quarter of 2024 (Mar 29 2024) year on year, to $5,211 million and declined by -4.24 % sequentially.


L3harris Technologies Inc is

More on LHX's Income Statement



L3harris Technologies Inc 's net income of $285.000 million in the first quarter of 2024 decreased by -15.93 % from net earnings of $339.000 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 126.19 % from net income of $126.000 million realized in previous quarter.

More on LHX's Growth

L3harris Technologies Inc Inventories
Inventories declined by -4.22 % to $1,476.00 million from I. Quarter a year ago, sequentially inventories rose by 0.27 %. In Mar 29 2024 company's net cash and cash equivalents decreased by $-83 million, capital expenditures fell by -7161.97%, to $-115 millions compare to same quarter a year ago

More on LHX's Cash flow Statement


L3harris Technologies Inc payed out dividend of $4.58 per share in last 52 weeks representing 74.35 % of net earning per share in trailing twelve-month period.

During the same period L3harris Technologies Inc earned $ 8.61 cash per share, on a free-cash flow basis 139.71 % of net earning per share.

Book value fell by -0.67 % sequentially to $98.17 per share.
Tangible Book value grew to $ -50.73 per share from $ -50.86.

Company issued 0.27 million shares or 0.14 % in Mar 29 2024.
Interest Coverage Ratio was 2.58. Debt Coverage Ratio was 0.15.

More on LHX's Dividends

 Market Capitalization (Millions) 44,750
 Shares Outstanding (Millions) 191
 Total Debt (Millions $) 13,708
 Revenue (TTM) (Millions $) 20,261
 Net Income (TTM) (Millions $) 1,144
 Cash Flow (TTM) (Millions $) -68
 Capital Exp. (TTM) (Millions $) -493
 Dividend TTM ($) 4.58 $
 Dividend Yield TTM (%) 2 %
 Employees (TTM) $ 47,000




L3harris Technologies Inc payed out dividend of $4.58 per share in the last 52 weeks representing 74.35 % of net earning per share in trailing twelve-month period.

During the same period L3harris Technologies Inc had $ 8.61 cash flow per share, on a free-cash flow basis 139.71 % of net earning per share.

Book value fell by -0.67 % sequentially to $98.17 per share.
Tangible Book value grew to $ -50.73 per share from $ -50.86.

Company issued 0.27 million shares or 0.14 % in Mar 29 2024.
Interest Coverage Ratio was 2.58. Debt Coverage Ratio was 0.15.

More on LHX's Balance Sheets

 Market Capitalization (Millions) 44,750
 Shares Outstanding (Millions) 191
 Total Debt (Millions $) 13,708
 Revenue (TTM) (Millions $) 20,261
 Net Income (TTM) (Millions $) 1,144
 Cash Flow (TTM) (Millions $) -68
 Capital Exp. (TTM) (Millions $) -493
 Dividend TTM ($) 4.58 $
 Dividend Yield TTM (%) 2 %
 Employees (TTM) $ 47,000
   


  News about L3harris Technologies Inc Earnings

L3Harris Technologies Inc Reports Impressive 19.272% Revenue Increase in Q1 2024

L3Harris Technologies Inc, a leading Aerospace and Defense company, has seen an increase in its shares in recent trading days. Over the past 30 days, L3Harris Technologies Inc shares have increased by 1.35%, while over the past 5 trading days, the shares have increased by 3.07%. This upward trend indicates that LHX shares are gaining momentum and are only 1.7% away from reaching their 52-week high of $218.34.
However, despite the positive movement in share prices, the company's earnings have shown a deterioration. In the January to March 29, 2024 reporting period, income fell by -15.91% to $1.48 per share, while revenue increased by 19.272% to $5.21 billion, compared to the same period the previous year....

L3Harris Technologies Inc. Soars to New Heights with $50 Million Tax Benefit Boosting Earnings

As a correspondent for the , it is clear that L3Harris Technologies Inc has undergone significant shifts in its financial performance in the fourth quarter of 2023. With earnings per share plummeting to $0.83 from $2.19 in the same period last year, there is evident concern about the company's profitability. However, the company's revenue has seen a notable increase of 20.826%, outpacing its sector peers in the Aerospace and Defense industry.
Despite the drop in earnings, L3Harris Technologies Inc has shown resilience in the face of challenges. With a focus on improving sales and a record backlog of $33 billion, the company is demonstrating a commitment to innovation and growth. The recent launch of five...

L3Harris Technologies Inc Reports Strong Earnings and Continued Profitability in Q3 of 2023

L3Harris Technologies Inc., a major player in the aerospace and defense industry, has recently reported positive financial results for the time-frame ending September 29, 2023. The company's income per share turned positive at $2.02, compared to a loss of $1.56 per share in the previous year. This represents a significant improvement of 10.38% in net profit per share from the previous reporting season.
One of the key highlights of L3Harris Technologies' performance is its revenue growth. The company witnessed a double-digit increase of 17.696% in revenue, reaching $4.92 billion as compared to $4.18 billion in the same reporting season a year ago. Moreover, the sequential revenue also increased by 4.73% f...

L3Harris Technologies Inc Reports Significant Revenue Growth Despite Income Decline for Q2 2023

L3Harris Technologies Inc, a multinational defense technology company, reported a decline in income despite a significant increase in revenue during the April to June 30, 2023 period. While revenue rose by 15.364% to $4.69 billion compared to the same reporting period the previous year, income fell by -24.38% to $1.83 per share. This deterioration in income is concerning as it suggests the company is struggling to control costs and manage its operations efficiently.
Furthermore, although income improved by 3.98% from the preceding reporting period, the overall trend is negative. The decrease in earnings from $470.000 million to $351.000 million in the same period also indicates a decline in profitability...


Date modified: 2024-04-30T01:16:17+00:00





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