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L3Harris: Positioned for Gains With Trump's Defense Policies
MarketBeat· 2024-11-08 21:15
L3Harris Technologies NYSE: LHX has many factors in its favor to provide ample tailwind for share prices, including Donald Trump. His defense policies were a boon to the defense industry during the first administration and will likely do so again. The opportunity for investors is that the stock outperformed in a bullish market and will likely do so again. The stock rose by 100% from November 2016 through November 2020 and is on track to set new highs in 2024 and 2025.  Get L3Harris Technologies alerts:L3Har ...
Mission-Critical Dividends: Why L3Harris Stands Out In My Portfolio
Seeking Alpha· 2024-10-26 03:53
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial ."One Of My Highest-Conviction Dividend Investments." That's what I called L3Harris Technologies, Inc. ( NYSE: LHX ) in my most recent article on September 11. In that article, I discussed the many qualities this diversified defense contractorAnalyst’s Disclosure: I/we have a ben ...
L3Harris Poised For 2025 Growth: Analysts Highlight Q3 Earnings Beat, Solid Orders, And Margin Expansion Potential
Benzinga· 2024-10-26 03:37
L3Harris Technologies Inc LHX stock is trading higher after the company reported better-than-expected third-quarter financial results.On Thursday, L3Harris reported third-quarter revenue of $5.3 billion, up by 8%, topping the analyst consensus of $5.28 billion. The defense contractor reported adjusted EPS of $3.34, above consensus estimates of $3.26.Also Read: What’s Going On With Nvidia, AMD And Other Chip Stocks On Friday?L3Harris revised its full-year 2024 revenue guidance from $21 billion—$21.3 billion ...
L3Harris(LHX) - 2024 Q3 - Earnings Call Transcript
2024-10-26 00:25
财务数据和关键指标变化 - 公司在第三季度的收入同比增长8%,运营利润率提高至15.7%,较上年增加70个基点 [14][15] - 非GAAP每股收益增长5%,在养老金调整后每股收益增长8% [15] - 自由现金流超过7亿美元,调整后的自由现金流为7.28亿美元,主要得益于运营收入的增加和有效的营运资本管理 [16] 各条业务线数据和关键指标变化 - 通信系统(CS)部门收入增长10%,得益于国内外对抗干扰设备和夜视设备的需求增加 [16] - 集成与管理系统(IMS)收入同比增长7%,主要受航电产品和国际客户的推动 [17] - 航空发动机(Aerojet Rocketdyne)贡献约6亿美元的收入,部门利润率为12.6% [17][19] - 战略与空间(SAS)收入持平,主要由于天线业务的剥离和F-35相关的低需求 [17] 各个市场数据和关键指标变化 - 公司在国际市场上获得了超过4亿美元的合同,显示出对软件定义无线电的强劲需求 [10] - 在美国海军的P-8A波塞冬舰队支持合同中获得了12亿美元的IDIQ合同,增强了与海军的关系 [10] - NATO盟国对公司的软件定义无线电的需求持续增长,显示出公司在低概率探测和拦截通信方面的领先能力 [11] 公司战略和发展方向和行业竞争 - 公司战略聚焦于盈利增长,强调在关键项目中作为次级或商用供应商的角色,以参与重要的战略项目 [5][6] - 通过收购Aerojet Rocketdyne和战术数据链,进一步优化产品组合,强化国家安全重点 [4] - 公司与Palantir建立战略合作伙伴关系,利用AI技术提升运营效率和决策能力 [5][30] 管理层对经营环境和未来前景的评论 - 管理层对未来的展望乐观,预计2026年将实现230亿美元的收入和至少16%的运营利润率 [13] - 公司在应对复杂的全球威胁环境中,致力于为客户提供关键任务所需的技术和解决方案 [21] - 管理层强调,未来将继续推动创新和运营卓越,以实现可持续的价值增长 [20] 其他重要信息 - 公司在第三季度的订单总额超过70亿美元,整体订单与发货比为1.4,所有四个业务部门的订单与发货比均超过1 [14] - 公司在LHX NeXt计划中取得了显著进展,预计将在2024年实现6亿美元的成本节约 [6][7] 问答环节所有提问和回答 问题: 关于2026年收入增长的驱动因素 - 管理层提到,2026年的收入增长将主要受益于与美国预算相关的重要领域的对齐,以及在国际市场上的机会 [22][23] 问题: 关于成本削减的进展 - 管理层表示,成本削减计划进展顺利,预计将在2025年实现更高的利润率 [24][26] 问题: 关于与Palantir的合作 - 管理层确认与Palantir的合作没有前期投资,双方将共同寻找投标机会,并利用各自的技术优势 [30][31] 问题: 关于夜视设备的前景 - 管理层对夜视设备的前景持乐观态度,认为预算中已包含资金,且公司在该领域的表现优于竞争对手 [39][40] 问题: 关于Aerojet的市场竞争 - 管理层表示,尽管有新进入者,但公司对Aerojet的市场份额保持信心,并正在增加产能以满足需求 [51][53]
L3Harris(LHX) - 2024 Q3 - Quarterly Report
2024-10-25 21:20
收入确认和订单情况 - 公司采用POC成本法确认收入,定期评估合同进度和表现调整预计总成本[42] - 本季度和前三季度确认的过往期间履约义务产生的收入分别为4800万美元和1.35亿美元[43] - 截至2024年9月27日的在手订单总额为338亿美元,预计未来12个月内确认其中45%的收入[44] 成本优化和收购整合 - 公司启动LHX NeXt计划以降低成本并提高敏捷性和竞争力[45] - 2023年7月28日完成对AJRD公司的收购,收购对价47.15亿美元[48][49] - 收购AJRD后确认了3.63亿美元的预计亏损准备和1.83亿美元的有悖市场的客户合同负债[55] - 收购AJRD产生的2.9亿美元商誉与其在军工航天领域的市场地位和人才团队有关[55] - 2024年三季度和前三季度与AJRD收购相关的交易和整合费用分别为1900万美元和6300万美元[55] - AJRD业务的财务业绩已纳入公司航天与航空(AR)分部[55] - 公司已完成对AJRD收购的会计处理[52] 业务出售和资产减值 - 公司已与买家签订最终协议,以7亿美元现金加最高1亿美元的或有对价出售商业航空解决方案业务[56] - 商业航空解决方案业务于2024年9月27日的公允价值减去剩余估计出售成本为8.87亿美元,包括与非控股权益和累计其他综合收益相关的对价[56] - 2024年第三季度和前三个季度,商业航空解决方案业务对公司利润贡献分别为3100万美元和8700万美元,而2023年同期分别为600万美元和4300万美元[56] - 公司就商业航空解决方案业务的商誉计提了2.96亿美元的非现金减值损失[57] - 2024年第三季度和前三个季度,公司就商业航空解决方案业务计提了2900万美元和4400万美元的额外损失,包括归属于非控股权益的部分[57] - 公司已于2024年5月31日完成天线业务出售,获得净现金收益1.66亿美元和2500万美元应收票据[59] - 公司就天线业务计提了1400万美元的商誉减值损失[59] - 公司于2023年4月6日完成视觉信息解决方案业务出售,获得2600万美元税前收益[60] - 公司根据各业务的公允价值分配商誉,采用市场法和收益法进行估值[61] 财务状况和风险因素 - 公司主要业务包括卫星航天、情报和网络、航电、电子战、通信、导弹和航天推进等[62] - 公司总收入为50.69亿美元,同比增长0.3%[66] - 固定价格合同收入为38.76亿美元,占总收入的76.6%[68] - 成本可报销合同收入为11.37亿美元,占总收入的22.4%[68] - 美国市场收入为36.83亿美元,占总收入的72.6%[68] - 国际市场收入为13.30亿美元,占总收入的26.3%[68] - 总资产为418.89亿美元[69] - 公司面临多起法律诉讼和环境责任,预计负债6.54亿美元[70] - 公司预计可从政府和第三方合同中回收4.68亿美元环境成本[72] - 公司资产中包括78.9亿美元的无形资产[69] - 公司三大业务分部分别为SAS、IMS和CS[69] - 公司财务报表已经过审计和审阅,财务状况良好[74,75] - 公司在外汇汇率、利率和市场回报波动等方面面临风险,但与上一年度相比无重大变化[119] - 公司已完成债务再融资和新债券发行[119]
L3Harris' Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
ZACKS· 2024-10-25 20:45
L3Harris Technologies, Inc. (LHX) reported third-quarter 2024 adjusted earnings (from continuing operations) of $3.34 per share, which beat the Zacks Consensus Estimate of $3.27 by 2.1%. The bottom line also increased 4.7% from the year-ago quarter’s figure of $3.19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Excluding one-time items, the company reported GAAP earnings of $2.10 per share, up from $2.02 generated in the prior-year period.The year-over-year improvement in the bott ...
L3Harris (LHX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-25 07:01
L3Harris (LHX) reported $5.29 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.7%. EPS of $3.34 for the same period compares to $3.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.32 billion, representing a surprise of -0.45%. The company delivered an EPS surprise of +2.14%, with the consensus EPS estimate being $3.27.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...
L3Harris (LHX) Q3 Earnings Top Estimates
ZACKS· 2024-10-25 06:20
L3Harris (LHX) came out with quarterly earnings of $3.34 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.14%. A quarter ago, it was expected that this technology and communications company would post earnings of $3.18 per share when it actually produced earnings of $3.24, delivering a surprise of 1.89%.Over the last four qu ...
L3Harris(LHX) - 2024 Q3 - Quarterly Results
2024-10-25 04:05
Exhibit 99.1 Earnings Release L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance Highlights* • Orders of $7.2 billion; book-to-bill of 1.4x • Revenue of $5.3 billion, up 8%, and 5% organically • Operating margin of 9.4%; adjusted segment operating margin of 15.7% • Diluted earnings per share (EPS) of $2.10; non-GAAP diluted EPS of $3.34 • 2024 revenue guidance range increased to $21.1B - $21.3B • 2024 adjusted segment operating margin guidance increased to ~15.5% • 2024 ...
Will L3Harris (LHX) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-22 01:15
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? L3Harris (LHX) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider.When looking at the last two reports, this technology and communications company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.88%, on average, in the last two quarters.For the most rece ...