In This Article:
L3Harris Technologies (NYSE:LHX) Full Year 2024 Results
Key Financial Results
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Revenue: US$21.3b (up 9.8% from FY 2023).
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Net income: US$1.50b (up 22% from FY 2023).
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Profit margin: 7.0% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue.
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EPS: US$7.91 (up from US$6.47 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
L3Harris Technologies EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Aerospace & Defense industry in the US.
Performance of the American Aerospace & Defense industry.
The company's shares are down 3.5% from a week ago.
Valuation
Our analysis of these results suggests L3Harris Technologies may be undervalued based on 6 important criteria we look at. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
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