L3Harris Technologies Reports Q3 Growth with $53 Billion Backlog and Reaffirms Long-Term Targets
L3Harris Technologies (LHX) reported strong third-quarter performance, highlighted by a 9% increase in organic revenues and earnings per share (EPS) of $3.28. The company demonstrated significant operational strength by generating $1.3 billion in free cash flow and achieving a high book-to-bill ratio of 3.2. This momentum has resulted in a historic backlog of $53 billion for the defense technology firm. Looking ahead, management reaffirmed its long-term financial guidance, targeting an organic growth rate of 8% by 2028 and projecting 2026 EPS to fall between $12.25 and $12.35.
Tickers: $LHX
Topics: backlog book-to-bill ratio EPS free cash flow organic revenue growth
Read the full article at Seeking Alpha
Part of the story Smartoptics Reaffirms Mid-Term Revenue Targets Following 80% Q3 Growth (3 articles)